Mexico (MEX) and Peru (PER) Trade | The Observatory of Economic Complexity

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Mexico-Peru Trade: In 2023, Mexico exported $1.74B to Peru. The main products that Mexico exported to Peru were Video Displays ($141M), Cars ($116M), and Computers ($96.4M). Over the past 5 years the exports of Mexico to Peru have decreased at an annualized rate of 2.03%, from $1.93B in 2018 to $1.74B in 2023.

In 2023, Mexico did not export any services to Peru.

Peru-Mexico Trade: In 2023, Peru exported $987M to Mexico. The main products that Peru exported to Mexico were Grapes ($137M), Refined Copper ($95.3M), and Pepper ($77.8M). Over the past 5 years the exports of Peru to Mexico have increased at an annualized rate of 16.6%, from $459M in 2018 to $987M in 2023.

In 2023, Peru did not export any services to Mexico.

Comparison: In 2023, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Mexico exported $1.74B to Peru. The main products exported from Mexico to Peru were Video Displays ($141M), Cars ($116M), and Computers ($96.4M). During the last 5 years the exports of Mexico to Peru have decreased at an annualized rate of 2.03%, from $1.93B in 2018 to $1.74B in 2023.

In 2018, Peru exported $987M to Mexico. The main products exported from Peru to Mexico were Grapes ($137M), Refined Copper ($95.3M), and Pepper ($77.8M). During the last 5 years the exports of Peru to Mexico have increased at an annualized rate of 16.6%, from $459M in 2023 to $987M in 2018.

Exports from Mexico () to Peru () (2023)

Exports from Peru () to Mexico () (2023)

Latest Data

Trade between Mexico () and Peru ()

Mexico Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mexico
Top DestinationUnited States$456B

Peru
Top DestinationChina$22.5B

This map shows whether countries import more from Mexico or Peru. Each country is colored based on the difference in imports they receive from Mexico and Peru or the difference in the growth in imports.

In 2023, countries that imported more from Mexico than Peru included United States ($456B), Canada ($33B), and Germany ($10.7B).

In 2023, countries that imported more from Peru than Mexico included China ($22.5B), South Korea ($2.34B), and Ecuador ($1.12B).

Difference in imports from Peru () and Mexico () (2023)

Comparative Advantage Mexico - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Mexico and Peru by product, considering products traded by both, Mexico and Peru.

During 2023, Mexico had a large net trade with Peru in the exports of Machines ($588M), Chemical Products ($338M), and Transportation ($278M).

During 2018, Peru had a large net trade with Mexico in the exports of Vegetable Products ($285M), Mineral Products ($173M), and Metals ($169M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mexico Peru+$89.4MCars

Top Product Potential Peru Mexico+$66.3MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Mexico and Peru. This means that a dot/product with the flag of Mexico indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Mexico.

About

Historical Data

Bilateral Trade by Products

Exports from Mexico () to Peru () (2023)

Exports from Peru () to Mexico () (2023)

Latest Data

Trade between Mexico () and Peru ()

Mexico Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Mexico () (2023)

Comparative Advantage Mexico - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mexico () and Peru () (2023)

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