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2023
Flag → Flag
Exports $331MRnk 59 / 137
2023
Flag → Flag
Top Product $164MNitrogenous Fertilizers
2023
Flag → Flag
Exports $78.7MRnk 43 / 177
2023
Flag → Flag
Top Product $19.8MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
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Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
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GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
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GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
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GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Russia-Peru Trade: In 2023, Russia exported $331M to Peru. The main products that Russia exported to Peru were Nitrogenous Fertilizers ($164M), Wheat ($67.1M), and Prepared Explosives ($39M). Over the past 5 years the exports of Russia to Peru have decreased at an annualized rate of 7.18%, from $481M in 2018 to $331M in 2023.

In 2020, Russia exported services to Peru worth $2.17M, with Travel ($1.02M), Other business services ($628k), and Transportation ($336k) being the largest in terms of value.

Peru-Russia Trade: In 2023, Peru exported $78.7M to Russia. The main products that Peru exported to Russia were Tropical Fruits ($19.8M), Molluscs ($9.85M), and Grapes ($9.76M). Over the past 5 years the exports of Peru to Russia have decreased at an annualized rate of 5.06%,  from $155M in 2018 to $78.7M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $30M and imported $32.7M from Peru, resulting in a negative trade balance of $2.72M. Between January 2021 and January 2022 the exports of Russia have increased by $18.3M (156%) from $11.7M to $30M, while imports increased by $11.1M (51.5%) from $21.6M to $32.7M.

Trade In January 2022, the top exports of Russia to Peru were Nitrogenous Fertilizers ($5.03M), Delivery Trucks ($1.21M), Refined Petroleum ($1.13M), Propylene Polymers ($850k), and Prepr binder for foundry ($576k). In January 2022 the top imports of Russia from Peru were Grapes ($7.16M), Tropical Fruits ($6.43M), Coffee ($1.4M), Molluscs ($1.31M), and Processed Crustaceans ($1.22M).

Origins In January 2022 the exports of Russia were mainly from KIROV REGION ($15.8M), NOVGOROD REGION ($3.98M), REPUBLIC OF BASHKORTOSTAN ($2.35M), TULA REGION ($1.93M), and TYUMEN REGION ($1.1M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($13.5M), ST. PETERSBURG ($6.74M), KRASNODAR TERRITORY ($4.84M), MOSCOW REGION ($3.12M), and ROSTOV REGION ($1.07M).

Growth In January 2022, the increase in Russia's year-by-year exports to Peru was explained primarily by an increase in product exports in Kraft Paper ($477k or 711%), Prepr binder for foundry ($461k or 401%), and Other Edible Preparations ($59.4k or 300%). In January 2022, the increase in Russia's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Grapes ($3.27M or 84%), Tropical Fruits ($1.44M or 28.8%), and Coffee ($117k or 9.08%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$18.3M(156%)
IMPORT GROWTH (January 2021 - January 2022)$11.1M(51.5%)
MAIN EXPORTER (January 2022)KIROV REGION$15.8M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Peru and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $331M to Peru. The main products exported from Russia to Peru were Nitrogenous Fertilizers ($164M), Wheat ($67.1M), and Prepared Explosives ($39M). During the last 5 years the exports of Russia to Peru have decreased at an annualized rate of 7.18%, from $481M in 2018 to $331M in 2023.

In 2018, Peru exported $78.7M to Russia. The main products exported from Peru to Russia were Tropical Fruits ($19.8M), Molluscs ($9.85M), and Grapes ($9.76M). During the last 5 years the exports of Peru to Russia have decreased at an annualized rate of 5.06%, from $155M in 2023 to $78.7M in 2018.

Exports from Russia (Flag) to Peru (Flag) (2023)

Exports from Peru (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Russia than Peru included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Peru than Russia included United States ($9.3B), Canada ($3.24B), and South Korea ($2.34B).

Difference in imports from Peru (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Peru

Flow
Scale

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

During 2023, Russia had a large net trade with Peru in the exports of Chemical Products ($247M), Vegetable Products ($67.1M), and Plastics and Rubbers ($7.59M).

During 2018, Peru had a large net trade with Russia in the exports of Vegetable Products ($53.7M), Chemical Products ($10.8M), and Animal Products ($10.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Peru+$13.2MRefined Petroleum
Top Product Potential Peru Russia+$7.65MTropical Fruits

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

Product Space of Russia (Flag) and Peru (Flag) (2023)

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