Peru (PER) and China (CHN) Trade | The Observatory of Economic Complexity

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Peru-China Trade: In 2023, Peru exported $22.5B to China. The main products that Peru exported to China were Copper Ore ($15.5B), Iron Ore ($1.71B), and Refined Copper ($973M). Over the past 5 years the exports of Peru to China have increased at an annualized rate of 11.2%, from $13.2B in 2018 to $22.5B in 2023.

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

China-Peru Trade: In 2023, China exported $13.8B to Peru. The main products that China exported to Peru were Broadcasting Equipment ($991M), Computers ($551M), and Other toys ($523M). Over the past 5 years the exports of China to Peru have increased at an annualized rate of 6.2%, from $10.2B in 2018 to $13.8B in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $22.5B to China. The main products exported from Peru to China were Copper Ore ($15.5B), Iron Ore ($1.71B), and Refined Copper ($973M). During the last 5 years the exports of Peru to China have increased at an annualized rate of 11.2%, from $13.2B in 2018 to $22.5B in 2023.

In 2018, China exported $13.8B to Peru. The main products exported from China to Peru were Broadcasting Equipment ($991M), Computers ($551M), and Other toys ($523M). During the last 5 years the exports of China to Peru have increased at an annualized rate of 6.2%, from $10.2B in 2023 to $13.8B in 2018.

Exports from Peru () to China () (2023)

Exports from China () to Peru () (2023)

Latest Data

Trade between Peru () and China ()

Peru Exports

Date

China Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Peru than China included Gibraltar ($12.2M), Saint Martin ($472k), and Bonaire ($86.8k).

In 2023, countries that imported more from China than Peru included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Peru - China

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with China in the exports of Mineral Products ($19.3B), Metals ($1.39B), and Foodstuffs ($878M).

During 2018, China had a large net trade with Peru in the exports of Machines ($4.59B), Metals ($1.76B), and Transportation ($1.32B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru China+$405MRefined Copper

Top Product Potential China Peru+$172MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to China () (2023)

Exports from China () to Peru () (2023)

Latest Data

Trade between Peru () and China ()

Peru Exports

China Exports

Market Competitiveness

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

Comparative Advantage Peru - China

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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