Colombia (COL) and Peru (PER) Trade | The Observatory of Economic Complexity

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Colombia-Peru Trade: In 2023, Colombia exported $1.2B to Peru. The main products that Colombia exported to Peru were Crude Petroleum ($109M), Packaged Medicaments ($52.9M), and Cleaning Products ($48.7M). Over the past 5 years the exports of Colombia to Peru have decreased at an annualized rate of 2.87%, from $1.38B in 2018 to $1.2B in 2023.

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

Peru-Colombia Trade: In 2023, Peru exported $810M to Colombia. The main products that Peru exported to Colombia were Copper Wire ($147M), Baked Goods ($40.7M), and Raw Zinc ($39.1M). Over the past 5 years the exports of Peru to Colombia have increased at an annualized rate of 0.53%, from $769M in 2018 to $810M in 2023.

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

Comparison: In 2023, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B). 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, Colombia exported $1.2B to Peru. The main products exported from Colombia to Peru were Crude Petroleum ($109M), Packaged Medicaments ($52.9M), and Cleaning Products ($48.7M). During the last 5 years the exports of Colombia to Peru have decreased at an annualized rate of 2.87%, from $1.38B in 2018 to $1.2B in 2023.

In 2018, Peru exported $810M to Colombia. The main products exported from Peru to Colombia were Copper Wire ($147M), Baked Goods ($40.7M), and Raw Zinc ($39.1M). During the last 5 years the exports of Peru to Colombia have increased at an annualized rate of 0.53%, from $769M in 2023 to $810M in 2018.

Exports from Colombia () to Peru () (2023)

Exports from Peru () to Colombia () (2023)

Latest Data

Trade between Colombia () and Peru ()

Colombia Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Colombia
Top DestinationUnited States$14.8B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Colombia than Peru included United States ($14.8B), Panama ($4.66B), and Poland ($1.73B).

In 2023, countries that imported more from Peru than Colombia included China ($22.5B), Canada ($3.24B), and Switzerland ($2.42B).

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

Comparative Advantage Colombia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Colombia had a large net trade with Peru in the exports of Chemical Products ($365M), Mineral Products ($195M), and Foodstuffs ($116M).

During 2018, Peru had a large net trade with Colombia in the exports of Metals ($246M), Foodstuffs ($115M), and Vegetable Products ($95M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Colombia Peru+$47MRefined Petroleum

Top Product Potential Peru Colombia+$55.9MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Colombia () to Peru () (2023)

Exports from Peru () to Colombia () (2023)

Latest Data

Trade between Colombia () and Peru ()

Colombia Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Colombia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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