Benin (BEN) and Peru (PER) Trade | The Observatory of Economic Complexity

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Benin-Peru Trade: In 2022, Benin exported $254k to Peru. The main products that Benin exported to Peru were Other Oily Seeds ($250k), Imitation Jewellery ($1.53k), and Bells and Other Metal Ornaments ($1.1k). Over the past 12 years the exports of Benin to Peru have increased at an annualized rate of 0.14%, from $250k in 2010 to $254k in 2022.

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

Peru-Benin Trade: In 2022, Peru exported $336k to Benin. The main products that Peru exported to Benin were Non-fillet Frozen Fish ($336k). Over the past 12 years the exports of Peru to Benin have decreased at an annualized rate of 5.95%, from $457k in 2010 to $336k in 2022.

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

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). 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, Benin exported $254k to Peru. The main products exported from Benin to Peru were Other Oily Seeds ($250k), Imitation Jewellery ($1.53k), and Bells and Other Metal Ornaments ($1.1k). During the last 12 years the exports of Benin to Peru have increased at an annualized rate of 0.14%, from $250k in 2010 to $254k in 2022.

In 2017, Peru exported $336k to Benin. The main products exported from Peru to Benin were Non-fillet Frozen Fish ($336k). During the last 5 years the exports of Peru to Benin have decreased at an annualized rate of 5.95%, from $457k in 2022 to $336k in 2017.

Exports from Benin () to Peru () (2022)

Exports from Peru () to Benin () (2022)

Latest Data

Trade between Benin () and Peru ()

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Benin than Peru included Bangladesh ($406M), Togo ($35.9M), and Egypt ($41.7M).

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

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

Comparative Advantage Benin - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Benin had a large net trade with Peru in the exports of Vegetable Products ($250k), Precious Metals ($1.53k), and Metals ($1.1k).

During 2017, Peru had a large net trade with Benin in the exports of Animal Products ($336k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Peru+$104kOther Oily Seeds

Top Product Potential Peru Benin+$273kNon-fillet Frozen Fish

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

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Peru () (2022)

Exports from Peru () to Benin () (2022)

Latest Data

Trade between Benin () and Peru ()

Peru Exports

Market Competitiveness

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

Comparative Advantage Benin - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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