Flag United States / Peru Flag

Exports Flag β†’ Flag  (2018): $9.25B, Rnk 29 / 215

Top Product Flag β†’ Flag (2018): $3.21B, Refined Petroleum

Exports Flag β†’ Flag (2018): $8.02B, Rnk 2 / 178

Top Product Flag β†’ Flag (2018): $1.76B, Gold

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI -0.6, Rnk 94 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $222B, CURRENT US$
Rnk 49 / 196

GDP GROWTH Flag (2008-2018): 84.2%, CURRENT US$
Rnk 45 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $6,941, CURRENT US$
Rnk 95 / 196

GDP PC GROWTH Flag (2008-2018): 64.5%, CURRENT US$
Rnk 32 / 196

United States-Peru: In 2018, United States exported $9.25B to Peru. The main products exported from United States to Peru were Refined Petroleum ($3.21B), Corn ($581M), and Ethylene Polymers ($195M). During the last 23 years the exports of United States to Peru have increased at an annualized rate of 6.83%, from $2.02B in 1995 to $9.25B in 2018.

Peru-United States: In 2018, Peru exported $8.02B to United States. The main products exported from Peru to United States were Gold ($1.76B), Refined Petroleum ($1.52B), and Molybdenum Ore ($321M). During the last 23 years the exports of Peru to United States have increased at an annualized rate of 9.35%, from $1.03B in 1995 to $8.02B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Peru ranked 94 in the Economic Complexity Index (ECI -0.6), and 53 in total exports ($48.5B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Peru was ranked 95 with a GDP Per Capita of $6,941.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $9.25B to Peru. The main products exported from United States to Peru were Refined Petroleum ($3.21B), Corn ($581M), and Ethylene Polymers ($195M). During the last 23 years the exports of United States to Peru have increased at an annualized rate of 6.83%, from $2.02B in 1995 to $9.25B in 2018.

In 2018, Peru exported $8.02B to United States. The main products exported from Peru to United States were Gold ($1.76B), Refined Petroleum ($1.52B), and Molybdenum Ore ($321M). During the last 23 years the exports of Peru to United States have increased at an annualized rate of 9.35%, from $1.03B in 1995 to $8.02B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Peru
Top Destination
: China, $13.3B

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

In 2018, countries that imported more from United States than Peru were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Peru than United States were Bolivia ($670M) and North Korea ($1.44M).

Comparative Advantage United States - Peru

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Depth

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

During 2018, United States had a large net trade with Peru in the exports of Mineral Products ($3.53B), Machines ($1.58B), and Vegetable Products ($811M).

During 2018, Peru had a large net trade with United States in the exports of Mineral Products ($2.02B), Precious Metals ($1.99B), and Vegetable Products ($1.73B).

Tariff Section

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This sections shows import tariffs for products traded between United States and Peru (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Peru were Tobacco, unmanufactured, not stemmed or stripped (29.1%) and Tobacco, unmanufactured, stemmed or stripped (29.1%).

In 2018, the products from Peru that paid the highest import tariffs to enter United States were Coffee, roasted, not decaffeinated (8.5%) and Bovine carcasses and half carcasses, fresh or chilled (8.3%).

Explore Tariff Data

*The tariffs present between United States and Peru are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
147: Peru - United States Trade Promotion Agreement (2007)
147: Peru - United States Trade Promotion Agreement (2007)

Trade Forecasts

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This section shows a forecast for total trade between United States and Peru. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Peru. Similarly, the more red a dot/product is, the more Peru has comparative advantage over United States.