Peru (PER) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Peru-Philippines Trade: In 2023, Peru exported $91.3M to Philippines. The main products that Peru exported to Philippines were Copper Ore ($81.1M), Coal Briquettes ($3.01M), and Precious Metal Ore ($2.46M). Over the past 5 years the exports of Peru to Philippines have decreased at an annualized rate of 15.1%, from $207M in 2018 to $91.3M in 2023.

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

Philippines-Peru Trade: In 2023, Philippines exported $64.7M to Peru. The main products that Philippines exported to Peru were Office Machine Parts ($40.7M), Activated Carbon ($2.59M), and Electrical Transformers ($2.31M). Over the past 5 years the exports of Philippines to Peru have decreased at an annualized rate of 6.86%, from $92.3M in 2018 to $64.7M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $91.3M to Philippines. The main products exported from Peru to Philippines were Copper Ore ($81.1M), Coal Briquettes ($3.01M), and Precious Metal Ore ($2.46M). During the last 5 years the exports of Peru to Philippines have decreased at an annualized rate of 15.1%, from $207M in 2018 to $91.3M in 2023.

In 2018, Philippines exported $64.7M to Peru. The main products exported from Philippines to Peru were Office Machine Parts ($40.7M), Activated Carbon ($2.59M), and Electrical Transformers ($2.31M). During the last 5 years the exports of Philippines to Peru have decreased at an annualized rate of 6.86%, from $92.3M in 2023 to $64.7M in 2018.

Exports from Peru () to Philippines () (2023)

Exports from Philippines () to Peru () (2023)

Latest Data

Trade between Peru () and Philippines ()

Peru Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Peru than Philippines included China ($22.5B), Chile ($1.92B), and Canada ($3.24B).

In 2023, countries that imported more from Philippines than Peru included Hong Kong ($11.7B), Japan ($11.4B), and Singapore ($4.81B).

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

Comparative Advantage Peru - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Philippines in the exports of Mineral Products ($86.6M), Metals ($1.59M), and Chemical Products ($1.09M).

During 2018, Philippines had a large net trade with Peru in the exports of Machines ($47.3M), Chemical Products ($4.45M), and Instruments ($3.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Philippines+$19.7MCopper Ore

Top Product Potential Philippines Peru+$9.44MComputers

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Philippines () (2023)

Exports from Philippines () to Peru () (2023)

Latest Data

Trade between Peru () and Philippines ()

Peru Exports

Philippines Exports

Market Competitiveness

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

Comparative Advantage Peru - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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