Vietnam (VNM) and Peru (PER) Trade | The Observatory of Economic Complexity

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Vietnam-Peru Trade: In 2023, Vietnam exported $692M to Peru. The main products that Vietnam exported to Peru were Broadcasting Equipment ($256M), Textile Footwear ($63.7M), and Rubber Footwear ($47.7M). Over the past 5 years the exports of Vietnam to Peru have increased at an annualized rate of 14.2%, from $357M in 2018 to $692M in 2023.

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

Peru-Vietnam Trade: In 2023, Peru exported $43.9M to Vietnam. The main products that Peru exported to Vietnam were Grapes ($10.6M), Animal Meal and Pellets ($7.3M), and Raw Zinc ($5.4M). Over the past 5 years the exports of Peru to Vietnam have decreased at an annualized rate of 18.5%, from $122M in 2018 to $43.9M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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, Vietnam exported $692M to Peru. The main products exported from Vietnam to Peru were Broadcasting Equipment ($256M), Textile Footwear ($63.7M), and Rubber Footwear ($47.7M). During the last 5 years the exports of Vietnam to Peru have increased at an annualized rate of 14.2%, from $357M in 2018 to $692M in 2023.

In 2018, Peru exported $43.9M to Vietnam. The main products exported from Peru to Vietnam were Grapes ($10.6M), Animal Meal and Pellets ($7.3M), and Raw Zinc ($5.4M). During the last 5 years the exports of Peru to Vietnam have decreased at an annualized rate of 18.5%, from $122M in 2023 to $43.9M in 2018.

Exports from Vietnam () to Peru () (2023)

Exports from Peru () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Vietnam than Peru included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Peru than Vietnam included South Korea ($2.34B), Ecuador ($1.12B), and Chile ($1.92B).

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

Comparative Advantage Vietnam - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Peru in the exports of Machines ($397M), Footwear and Headwear ($135M), and Textiles ($56.8M).

During 2018, Peru had a large net trade with Vietnam in the exports of Vegetable Products ($12.4M), Foodstuffs ($9.29M), and Animal Products ($7.56M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Peru+$58.6MTelephones

Top Product Potential Peru Vietnam+$7.55MAnimal Meal and Pellets

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

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Peru () (2023)

Exports from Peru () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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