Peru (PER) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Peru-Ecuador Trade: In 2023, Peru exported $1.12B to Ecuador. The main products that Peru exported to Ecuador were Animal Food ($215M), Animal Meal and Pellets ($68.1M), and Copper Wire ($50.5M). Over the past 5 years the exports of Peru to Ecuador have increased at an annualized rate of 5.69%, from $849M in 2018 to $1.12B in 2023.

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

Ecuador-Peru Trade: In 2023, Ecuador exported $1.15B to Peru. The main products that Ecuador exported to Peru were Crude Petroleum ($697M), Particle Board ($68.2M), and Animal Food ($55.8M). Over the past 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 9.5%, from $1.9B in 2018 to $1.15B in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $1.12B to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($215M), Animal Meal and Pellets ($68.1M), and Copper Wire ($50.5M). During the last 5 years the exports of Peru to Ecuador have increased at an annualized rate of 5.69%, from $849M in 2018 to $1.12B in 2023.

In 2018, Ecuador exported $1.15B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($697M), Particle Board ($68.2M), and Animal Food ($55.8M). During the last 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 9.5%, from $1.9B in 2023 to $1.15B in 2018.

Exports from Peru () to Ecuador () (2023)

Exports from Ecuador () to Peru () (2023)

Latest Data

Trade between Peru () and Ecuador ()

Peru Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Peru than Ecuador included China ($22.5B), Canada ($3.24B), and South Korea ($2.34B).

In 2023, countries that imported more from Ecuador than Peru included Panama ($4.38B), Russia ($924M), and Nicaragua ($204M).

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

Comparative Advantage Peru - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Ecuador in the exports of N/A.

During 2018, Ecuador had a large net trade with Peru in the exports of Mineral Products ($758M), Foodstuffs ($119M), and Wood Products ($72.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Ecuador+$43.6MRefined Petroleum

Top Product Potential Ecuador Peru+$72.3MCrude 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 Peru and Ecuador. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Ecuador () (2023)

Exports from Ecuador () to Peru () (2023)

Latest Data

Trade between Peru () and Ecuador ()

Peru Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Peru - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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