Romania (ROU) and Peru (PER) Trade | The Observatory of Economic Complexity

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Romania-Peru Trade: In 2023, Romania exported $23.6M to Peru. The main products that Romania exported to Peru were Ball Bearings ($3.93M), Transmissions ($1.94M), and Rubber Belting ($1.87M). Over the past 5 years the exports of Romania to Peru have increased at an annualized rate of 4.14%, from $19.2M in 2018 to $23.6M in 2023.

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

Peru-Romania Trade: In 2023, Peru exported $4.49M to Romania. The main products that Peru exported to Romania were Decals ($1.3M), Unprocessed Synthetic Staple Fibers ($1.07M), and Vegetable or Animal Dyes ($489k). Over the past 5 years the exports of Peru to Romania have increased at an annualized rate of 2.23%, from $4.02M in 2018 to $4.49M in 2023.

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

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $23.6M to Peru. The main products exported from Romania to Peru were Ball Bearings ($3.93M), Transmissions ($1.94M), and Rubber Belting ($1.87M). During the last 5 years the exports of Romania to Peru have increased at an annualized rate of 4.14%, from $19.2M in 2018 to $23.6M in 2023.

In 2018, Peru exported $4.49M to Romania. The main products exported from Peru to Romania were Decals ($1.3M), Unprocessed Synthetic Staple Fibers ($1.07M), and Vegetable or Animal Dyes ($489k). During the last 5 years the exports of Peru to Romania have increased at an annualized rate of 2.23%, from $4.02M in 2023 to $4.49M in 2018.

Exports from Romania () to Peru () (2023)

Exports from Peru () to Romania () (2023)

Latest Data

Trade between Romania () and Peru ()

Romania Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Romania than Peru included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Peru than Romania included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Romania - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Peru in the exports of Machines ($11.8M), Plastics and Rubbers ($3.96M), and Instruments ($3.77M).

During 2018, Peru had a large net trade with Romania in the exports of Paper Goods ($1.37M), Textiles ($1.11M), and Vegetable Products ($705k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Peru+$2.33MRubber Tires

Top Product Potential Peru Romania+$836kRaw Zinc

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Peru () (2023)

Exports from Peru () to Romania () (2023)

Latest Data

Trade between Romania () and Peru ()

Romania Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Romania - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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