2023
Exports
$225MWorld Rnk 57 / 150
Flag Rnk 36 / 1143
2023
PRODUCT COMPLEXITY IN Crude Petroleum
-2.37Rnk 1015 / 1025
2023
Imports
$3.08BWorld Rnk 39 / 159
Flag Rnk 2 / 1182
2023
ECONOMIC COMPLEXITY of Peru
-0.61Rnk 90 / 132

About

Exports In 2023, Peru exported $225M in Crude Petroleum, making it the 57th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 36th most exported product in Peru. The main destination of Crude Petroleum exports from Peru are: Brazil ($222M), United States ($3.32M), Colombia ($371), Netherlands ($354), and Sweden ($188).

The fastest growing export markets for Crude Petroleum of Peru between 2022 and 2023 were Colombia ($371), Belgium ($57), and Netherlands ($57).

Imports In 2023, Peru imported $3.08B in Crude Petroleum, becoming the 39th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Peru. Peru imports Crude Petroleum primarily from: United States ($837M), Ecuador ($697M), Brazil ($644M), Nigeria ($422M), and Argentina ($270M).

The fastest growing import markets in Crude Petroleum for Peru between 2022 and 2023 were Ecuador ($283M), Argentina ($226M), and Nigeria ($140M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$225M
IMPORTS (2023)$3.08B
NET TRADE (2023)-$2.86B

In 2023, Peru exported $225M in Crude Petroleum. The main destinations of Peru exports on Crude Petroleum were Brazil ($222M), United States ($3.32M), Colombia ($371), Netherlands ($354), and Sweden ($188).

In 2023, Peru imported $3.08B in Crude Petroleum, mainly from United States ($837M), Ecuador ($697M), Brazil ($644M), Nigeria ($422M), and Argentina ($270M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Peru WERE (2022 - 2023):
Colombia$371 (1%)
Belgium$57 (1%)
Netherlands$57 (19.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Peru WERE (2022 - 2023):
United States-$252M (-98.7%)
Brazil-$37.4M (-14.4%)
Sweden-$10 (-5.05%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Peru's main exporting competitors in Crude Petroleum were:
In 2023, Peru's main importing competitors in Crude Petroleum were:

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $187M
TOP IMPORT POTENTIALBrazil+ $155M

Crude Petroleum’s highest export potential is United States. With an export gap of $187M.   Crude Petroleum’s highest import potential is Brazil with an import gap of $155M.

See methodology.

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