Venezuela (VEN) and Peru (PER) Trade | The Observatory of Economic Complexity

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Venezuela-Peru Trade: In 2022, Venezuela exported $8.95M to Peru. The main products that Venezuela exported to Peru were Acyclic Alcohols ($1.64M), Carbon ($1.17M), and Hard Liquor ($960k). Over the past 5 years the exports of Venezuela to Peru have decreased at an annualized rate of 15.4%, from $20.7M in 2017 to $8.95M in 2022.

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

Peru-Venezuela Trade: In 2022, Peru exported $126M to Venezuela. The main products that Peru exported to Venezuela were Copper Wire ($24.4M), Stranded Copper Wire ($14M), and Knit Women's Shirts ($8.45M). Over the past 5 years the exports of Peru to Venezuela have increased at an annualized rate of 21%, from $48.6M in 2017 to $126M in 2022.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $8.95M to Peru. The main products exported from Venezuela to Peru were Acyclic Alcohols ($1.64M), Carbon ($1.17M), and Hard Liquor ($960k). During the last 5 years the exports of Venezuela to Peru have decreased at an annualized rate of 15.4%, from $20.7M in 2017 to $8.95M in 2022.

In 2017, Peru exported $126M to Venezuela. The main products exported from Peru to Venezuela were Copper Wire ($24.4M), Stranded Copper Wire ($14M), and Knit Women's Shirts ($8.45M). During the last 5 years the exports of Peru to Venezuela have increased at an annualized rate of 21%, from $48.6M in 2022 to $126M in 2017.

Exports from Venezuela () to Peru () (2022)

Exports from Peru () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Venezuela than Peru included Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

In 2022, countries that imported more from Peru than Venezuela included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

Comparative Advantage Venezuela - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with Peru in the exports of Foodstuffs ($3.15M), Chemical Products ($2.88M), and Vegetable Products ($783k).

During 2017, Peru had a large net trade with Venezuela in the exports of Metals ($49M), Textiles ($36M), and Plastics and Rubbers ($11.1M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and Peru. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Venezuela.

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Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Peru () (2022)

Exports from Peru () to Venezuela () (2022)

Latest Data

Trade between Venezuela () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Venezuela - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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