Peru (PER) and Brazil (BRA) Trade | The Observatory of Economic Complexity

About

Peru-Brazil Trade: In 2023, Peru exported $1.81B to Brazil. The main products that Peru exported to Brazil were Refined Copper ($358M), Refined Petroleum ($337M), and Crude Petroleum ($222M). Over the past 5 years the exports of Peru to Brazil have increased at an annualized rate of 0.029%, from $1.81B in 2018 to $1.81B in 2023.

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

Brazil-Peru Trade: In 2023, Brazil exported $3.63B to Peru. The main products that Brazil exported to Peru were Crude Petroleum ($644M), Delivery Trucks ($300M), and Large Construction Vehicles ($230M). Over the past 5 years the exports of Brazil to Peru have increased at an annualized rate of 8.68%, from $2.4B in 2018 to $3.63B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $1.81B to Brazil. The main products exported from Peru to Brazil were Refined Copper ($358M), Refined Petroleum ($337M), and Crude Petroleum ($222M). During the last 5 years the exports of Peru to Brazil have increased at an annualized rate of 0.029%, from $1.81B in 2018 to $1.81B in 2023.

In 2018, Brazil exported $3.63B to Peru. The main products exported from Brazil to Peru were Crude Petroleum ($644M), Delivery Trucks ($300M), and Large Construction Vehicles ($230M). During the last 5 years the exports of Brazil to Peru have increased at an annualized rate of 8.68%, from $2.4B in 2023 to $3.63B in 2018.

Exports from Peru () to Brazil () (2023)

Exports from Brazil () to Peru () (2023)

Latest Data

Trade between Peru () and Brazil ()

Peru Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Peru than Brazil included Switzerland ($2.42B), Namibia ($217M), and North Korea ($18.5M).

In 2023, countries that imported more from Brazil than Peru included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Peru - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Brazil in the exports of Mineral Products ($951M), Metals ($483M), and Chemical Products ($94.5M).

During 2018, Brazil had a large net trade with Peru in the exports of Transportation ($824M), Mineral Products ($653M), and Machines ($589M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Brazil+$139MRefined Petroleum

Top Product Potential Brazil Peru+$155MCrude 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Brazil () (2023)

Exports from Brazil () to Peru () (2023)

Latest Data

Trade between Peru () and Brazil ()

Peru Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Peru - Brazil

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring