Peru (PER) and Canada (CAN) Trade | The Observatory of Economic Complexity

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Peru-Canada Trade: In 2022, Peru exported $2.69B to Canada. The main products that Peru exported to Canada were Gold ($1.86B), Copper Ore ($127M), and Zinc Ore ($123M). Over the past 5 years the exports of Peru to Canada have increased at an annualized rate of 16.8%, from $1.24B in 2017 to $2.69B in 2022.

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

Canada-Peru Trade: In 2022, Canada exported $1.16B to Peru. The main products that Canada exported to Peru were Refined Petroleum ($423M), Wheat ($411M), and Dried Legumes ($64.5M). Over the past 5 years the exports of Canada to Peru have increased at an annualized rate of 14.7%, from $588M in 2017 to $1.16B in 2022.

In 2020, Canada exported services to Peru worth $35M, with Computer and information services ($17.9M), Communications services ($15.7M), and Financial services ($746k) being the largest in terms of value.

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $2.69B to Canada. The main products exported from Peru to Canada were Gold ($1.86B), Copper Ore ($127M), and Zinc Ore ($123M). During the last 5 years the exports of Peru to Canada have increased at an annualized rate of 16.8%, from $1.24B in 2017 to $2.69B in 2022.

In 2017, Canada exported $1.16B to Peru. The main products exported from Canada to Peru were Refined Petroleum ($423M), Wheat ($411M), and Dried Legumes ($64.5M). During the last 5 years the exports of Canada to Peru have increased at an annualized rate of 14.7%, from $588M in 2022 to $1.16B in 2017.

Exports from Peru () to Canada () (2022)

Exports from Canada () to Peru () (2022)

Latest Data

Trade between Peru () and Canada ()

Peru Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Canada
Top DestinationUnited States$438B

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

In 2022, countries that imported more from Peru than Canada included Chile ($1.85B), Bolivia ($813M), and Ecuador ($1.28B).

In 2022, countries that imported more from Canada than Peru included United States ($438B), Japan ($14.3B), and United Kingdom ($12.9B).

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

Comparative Advantage Peru - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Canada in the exports of Precious Metals ($1.87B), Mineral Products ($314M), and Vegetable Products ($245M).

During 2017, Canada had a large net trade with Peru in the exports of Vegetable Products ($487M), Mineral Products ($424M), and Machines ($89.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Canada+$61.9MCopper Ore

Top Product Potential Canada Peru+$10.6MCars

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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Bilateral Service Trade

Can Year

In 2020, Canada exported services to Peru worth $35M, with Computer and information services ($17.9M), Communications services ($15.7M), and Financial services ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada () to Peru () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Canada () (2022)

Exports from Canada () to Peru () (2022)

Latest Data

Trade between Peru () and Canada ()

Peru Exports

Canada Exports

Market Competitiveness

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

Comparative Advantage Peru - Canada

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Canada () to Peru () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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