Indonesia (IDN) and Peru (PER) Trade | The Observatory of Economic Complexity

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Indonesia-Peru Trade: In 2023, Indonesia exported $511M to Peru. The main products that Indonesia exported to Peru were Cars ($172M), Industrial Fatty Acids, Oils and Alcohols ($55.1M), and Textile Footwear ($49.5M). Over the past 5 years the exports of Indonesia to Peru have increased at an annualized rate of 11.5%, from $297M in 2018 to $511M in 2023.

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

Peru-Indonesia Trade: In 2023, Peru exported $78.1M to Indonesia. The main products that Peru exported to Indonesia were Cocoa Beans ($35.1M), Grapes ($10.8M), and Phosphatic Fertilizers ($8.58M). Over the past 5 years the exports of Peru to Indonesia have increased at an annualized rate of 5.04%, from $61.1M in 2018 to $78.1M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $511M to Peru. The main products exported from Indonesia to Peru were Cars ($172M), Industrial Fatty Acids, Oils and Alcohols ($55.1M), and Textile Footwear ($49.5M). During the last 5 years the exports of Indonesia to Peru have increased at an annualized rate of 11.5%, from $297M in 2018 to $511M in 2023.

In 2018, Peru exported $78.1M to Indonesia. The main products exported from Peru to Indonesia were Cocoa Beans ($35.1M), Grapes ($10.8M), and Phosphatic Fertilizers ($8.58M). During the last 5 years the exports of Peru to Indonesia have increased at an annualized rate of 5.04%, from $61.1M in 2023 to $78.1M in 2018.

Exports from Indonesia () to Peru () (2023)

Exports from Peru () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Peru ()

Indonesia Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Indonesia than Peru included China ($70.7B), Japan ($23.7B), and India ($24B).

In 2023, countries that imported more from Peru than Indonesia included Chile ($1.92B), Canada ($3.24B), and Ecuador ($1.12B).

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

Comparative Advantage Indonesia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Peru in the exports of Transportation ($178M), Footwear and Headwear ($88.6M), and Chemical Products ($66M).

During 2018, Peru had a large net trade with Indonesia in the exports of Foodstuffs ($36M), Vegetable Products ($11.9M), and Chemical Products ($10.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Peru+$5.84MCars

Top Product Potential Peru Indonesia+$7.97MCoal Briquettes

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

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Peru () (2023)

Exports from Peru () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Peru ()

Indonesia Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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