Peru (PER) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Peru-Argentina Trade: In 2023, Peru exported $248M to Argentina. The main products that Peru exported to Argentina were Copper Wire ($36.6M), Calcium Phosphates ($36.6M), and Refined Petroleum ($18.8M). Over the past 5 years the exports of Peru to Argentina have increased at an annualized rate of 3.07%, from $213M in 2018 to $248M in 2023.

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

Argentina-Peru Trade: In 2023, Argentina exported $2.55B to Peru. The main products that Argentina exported to Peru were Corn ($736M), Delivery Trucks ($406M), and Soybean Oil ($347M). Over the past 5 years the exports of Argentina to Peru have increased at an annualized rate of 5.53%, from $1.2B in 2018 to $2.55B in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $248M to Argentina. The main products exported from Peru to Argentina were Copper Wire ($36.6M), Calcium Phosphates ($36.6M), and Refined Petroleum ($18.8M). During the last 5 years the exports of Peru to Argentina have increased at an annualized rate of 3.07%, from $213M in 2018 to $248M in 2023.

In 2018, Argentina exported $2.55B to Peru. The main products exported from Argentina to Peru were Corn ($736M), Delivery Trucks ($406M), and Soybean Oil ($347M). During the last 5 years the exports of Argentina to Peru have increased at an annualized rate of 5.53%, from $1.2B in 2023 to $2.55B in 2018.

Exports from Peru () to Argentina () (2023)

Exports from Argentina () to Peru () (2023)

Latest Data

Trade between Peru () and Argentina ()

Peru Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Peru than Argentina included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Argentina than Peru included Brazil ($12.1B), Chile ($5.57B), and Vietnam ($2.07B).

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

Comparative Advantage Peru - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Argentina in the exports of Metals ($56.9M), Mineral Products ($55.5M), and Foodstuffs ($30.4M).

During 2018, Argentina had a large net trade with Peru in the exports of Vegetable Products ($830M), Transportation ($489M), and Animal and Vegetable Bi-Products ($363M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Argentina+$28.2MRefined Petroleum

Top Product Potential Argentina Peru+$22.3MSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Argentina () (2023)

Exports from Argentina () to Peru () (2023)

Latest Data

Trade between Peru () and Argentina ()

Peru Exports

Argentina Exports

Market Competitiveness

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

Comparative Advantage Peru - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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