Peru (PER) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Peru-Armenia Trade: In 2022, Peru exported $2.06M to Armenia. The main products that Peru exported to Armenia were Sowing Seeds ($785k), Other Fruits ($452k), and Tropical Fruits ($274k). Over the past 5 years the exports of Peru to Armenia have increased at an annualized rate of 25.8%, from $655k in 2017 to $2.06M in 2022.

In 2022, Peru did not export any services to Armenia.

Armenia-Peru Trade: In 2022, Armenia exported $394k to Peru. The main products that Armenia exported to Peru were Excavation Machinery ($349k), Ferroalloys ($28.5k), and Non-Knit Active Wear ($5.69k). Over the past 5 years the exports of Armenia to Peru have increased at an annualized rate of 53.6%, from $46k in 2017 to $394k in 2022.

In 2022, Armenia did not export any services to Peru.

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $2.06M to Armenia. The main products exported from Peru to Armenia were Sowing Seeds ($785k), Other Fruits ($452k), and Tropical Fruits ($274k). During the last 5 years the exports of Peru to Armenia have increased at an annualized rate of 25.8%, from $655k in 2017 to $2.06M in 2022.

In 2017, Armenia exported $394k to Peru. The main products exported from Armenia to Peru were Excavation Machinery ($349k), Ferroalloys ($28.5k), and Non-Knit Active Wear ($5.69k). During the last 5 years the exports of Armenia to Peru have increased at an annualized rate of 53.6%, from $46k in 2022 to $394k in 2017.

Exports from Peru () to Armenia () (2022)

Exports from Armenia () to Peru () (2022)

Latest Data

Trade between Peru () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Peru than Armenia included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Armenia than Peru included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

Difference in imports from Armenia () and Peru () (2022)

Comparative Advantage Peru - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Armenia in the exports of Vegetable Products ($1.63M), Textiles ($412k), and Chemical Products ($8.42k).

During 2017, Armenia had a large net trade with Peru in the exports of Machines ($349k), Metals ($28.5k), and Textiles ($16.3k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Armenia+$300kOther Fruits

Top Product Potential Armenia Peru+$74.5kFerroalloys

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 Peru and Armenia. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Armenia () (2022)

Exports from Armenia () to Peru () (2022)

Latest Data

Trade between Peru () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Peru () (2022)

Comparative Advantage Peru - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Armenia () (2022)

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