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2022
Flag → Flag
Exports $892MRnk 59 / 220
2022
Flag → Flag
Top Product $183MCars
2022
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Exports $2.62BRnk 5 / 180
2022
Flag → Flag
Top Product $903MPetroleum Gas
2022
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Economic Complexity (ECI) ECI 1.78Rnk 4 / 133
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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GDP$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
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GDP GROWTH30.3%CURRENT US$
Rnk 100 / 186
2022
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 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
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GDP PC $32,255CURRENT US$
Rnk 33 / 186
2012-2022
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GDP PC GROWTH26.7%CURRENT US$
Rnk 70 / 186
2022
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GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

South Korea-Peru Trade: In 2022, South Korea exported $892M to Peru. The main products that South Korea exported to Peru were Cars ($183M), Propylene Polymers ($63.9M), and Delivery Trucks ($54.4M). Over the past 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.03%, from $988M in 2017 to $892M in 2022.

In 2022, South Korea did not export any services to Peru.

Peru-South Korea Trade: In 2022, Peru exported $2.62B to South Korea. The main products that Peru exported to South Korea were Petroleum Gas ($903M), Copper Ore ($529M), and Lead Ore ($251M). Over the past 5 years the exports of Peru to South Korea have increased at an annualized rate of 4.08%,  from $2.15B in 2017 to $2.62B in 2022.

In 2022, Peru did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

October, 2024

About

Overview In October 2024, South Korea exported $49.5M and imported $212M from Peru, resulting in a negative trade balance of $162M. Between October 2023 and October 2024 the exports of South Korea have decreased by $-2.86M (-5.46%) from $52.4M to $49.5M, while imports increased by $7.95M (3.9%) from $204M to $212M.

Trade In October 2024, the top exports of South Korea to Peru were Cars, tractors, trucks & parts thereof. ($14.9M), Plastics & articles thereof ($11.9M), Machinery, mechanical appliances, & parts ($3.6M), Salt, sulphur, cement, lime, stone, &... ($3.58M), and Inorganic chemicals ($2.36M). In October 2024 the top imports of South Korea from Peru were Mineral fuels, mineral oils and products... ($285M), Ores, slag and ash ($66.7M), Edible fruits, nuts & fruit peels ($18.3M), Fish, Crustaceans & Molluscs ($9.13M), and Preparations of fish, crustacenas, & molluscs ($8.04M).

Growth In October 2024, the decrease in South Korea's year-by-year exports to Peru was explained primarily by an decrease in product exports in Cars, tractors, trucks & parts thereof. ($-12.5M or -45.6%), Machinery, mechanical appliances, & parts ($-6.48M or -64.3%), and Iron & steel ($-2.58M or -83.8%). In October 2024, the increase in South Korea's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... ($151M or 113%), Preparations of fish, crustacenas, & molluscs ($5.59M or 228%), and Fish, Crustaceans & Molluscs ($4.74M or 108%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$-2.86M(-5.46%)
IMPORT GROWTH (October 2023 - October 2024)$7.95M(3.9%)

This section shows exports and imports data at subnational level for South Korea. Click any date in the line plot or any product to explore the exports or imports behavior of South Korea over time.

To check Peru and South Korea trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and South Korea Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $892M to Peru. The main products exported from South Korea to Peru were Cars ($183M), Propylene Polymers ($63.9M), and Delivery Trucks ($54.4M). During the last 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.03%, from $988M in 2017 to $892M in 2022.

In 2017, Peru exported $2.62B to South Korea. The main products exported from Peru to South Korea were Petroleum Gas ($903M), Copper Ore ($529M), and Lead Ore ($251M). During the last 5 years the exports of Peru to South Korea have increased at an annualized rate of 4.08%, from $2.15B in 2022 to $2.62B in 2017.

Exports from South Korea (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top DestinationChina$150B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from South Korea than Peru included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Peru than South Korea included Bolivia ($813M), Switzerland ($2.08B), and Ecuador ($1.28B).

Difference in imports from Peru (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Peru

Flow
Scale

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

During 2022, South Korea had a large net trade with Peru in the exports of Transportation ($298M), Plastics and Rubbers ($193M), and Machines ($129M).

During 2017, Peru had a large net trade with South Korea in the exports of Mineral Products ($2.11B), Vegetable Products ($164M), and Animal Products ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Peru+$52.1MCars
Top Product Potential Peru South Korea+$82.2MRefined 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

This visualization shows the product space at the HS4 level with the flags of South Korea and Peru. This means that a dot/product with the flag of South Korea indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over South Korea.

Product Space of South Korea (Flag) and Peru (Flag) (2022)

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