2022
Flag  
GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
Flag
 GDP
$467BCURRENT US$
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2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
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2022
Flag
GDP PC 
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
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2022
Flag
GDP PC
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
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GDP PC GROWTH
49.1%CURRENT US$
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About

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
Value

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 (Flag) to Singapore (Flag) (2022)

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

Latest Data

Trade between Peru (Flag) and Singapore (Flag)

Peru Exports

Singapore Exports

Market Competitiveness

Color
Peru
Top Destination
China$17.6B
Singapore
Top Destination
Hong 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 (Flag) and Peru (Flag) (2022)

Comparative Advantage Peru - Singapore

Flow
Scale

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

Potential Exports

Depth
View
Sort By
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

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.

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

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