Peru (PER) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Peru-Singapore Trade: In 2022, Peru exported $27.1M to Singapore. The main products that Peru exported to Singapore were Refined Copper ($7.6M), Fish: dried, salted, smoked or in brine ($3.72M), and Petroleum Gas ($2.95M). Over the past 5 years the exports of Peru to Singapore have decreased at an annualized rate of 14.1%, from $58M in 2017 to $27.1M in 2022.

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

Singapore-Peru Trade: In 2022, Singapore exported $123M to Peru. The main products that Singapore exported to Peru were Other Edible Preparations ($15.5M), Organo-Sulfur Compounds ($14.3M), and Other Steel Bars ($13.1M). Over the past 5 years the exports of Singapore to Peru have increased at an annualized rate of 5.46%, from $94.2M in 2017 to $123M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $27.1M to Singapore. The main products exported from Peru to Singapore were Refined Copper ($7.6M), Fish: dried, salted, smoked or in brine ($3.72M), and Petroleum Gas ($2.95M). During the last 5 years the exports of Peru to Singapore have decreased at an annualized rate of 14.1%, from $58M in 2017 to $27.1M in 2022.

In 2017, Singapore exported $123M to Peru. The main products exported from Singapore to Peru were Other Edible Preparations ($15.5M), Organo-Sulfur Compounds ($14.3M), and Other Steel Bars ($13.1M). During the last 5 years the exports of Singapore to Peru have increased at an annualized rate of 5.46%, from $94.2M in 2022 to $123M in 2017.

Exports from Peru () to Singapore () (2022)

Exports from Singapore () to Peru () (2022)

Latest Data

Trade between Peru () and Singapore ()

Peru Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Singapore
Top DestinationHong Kong$51.6B

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

In 2022, countries that imported more from Peru than Singapore included Chile ($1.85B), Canada ($2.69B), and Ecuador ($1.28B).

In 2022, countries that imported more from Singapore than Peru included Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

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

Comparative Advantage Peru - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Singapore in the exports of Metals ($10.4M), Animal Products ($4.19M), and Vegetable Products ($3.78M).

During 2017, Singapore had a large net trade with Peru in the exports of Foodstuffs ($22.8M), Chemical Products ($22.6M), and Instruments ($20.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Singapore+$7.83MPetroleum Gas

Top Product Potential Singapore Peru+$7.42MRefined 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 Singapore. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Singapore () (2022)

Exports from Singapore () to Peru () (2022)

Latest Data

Trade between Peru () and Singapore ()

Peru Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Peru - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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