2022
Flag  
GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
Flag
 GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC 
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 186
2022
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GDP PC
$6,391CURRENT US$
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2012-2022
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GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186

About

Peru-Ecuador Trade: In 2022, Peru exported $1.28B to Ecuador. The main products that Peru exported to Ecuador were Animal Food ($256M), Animal Meal and Pellets ($114M), and Copper Wire ($46.2M). Over the past 5 years the exports of Peru to Ecuador have increased at an annualized rate of 9.34%, from $821M in 2017 to $1.28B in 2022.

In 2022, Peru did not export any services to Ecuador.

Ecuador-Peru Trade: In 2022, Ecuador exported $1.02B to Peru. The main products that Ecuador exported to Peru were Crude Petroleum ($442M), Particle Board ($73.7M), and Copper Ore ($64.2M). Over the past 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 5.43%,  from $1.35B in 2017 to $1.02B in 2022.

In 2022, Ecuador did not export any services to Peru.

Comparison: In 2022,  Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Peru exported $1.28B to Ecuador. The main products exported from Peru to Ecuador were Animal Food ($256M), Animal Meal and Pellets ($114M), and Copper Wire ($46.2M). During the last 5 years the exports of Peru to Ecuador have increased at an annualized rate of 9.34%, from $821M in 2017 to $1.28B in 2022.

In 2017, Ecuador exported $1.02B to Peru. The main products exported from Ecuador to Peru were Crude Petroleum ($442M), Particle Board ($73.7M), and Copper Ore ($64.2M). During the last 5 years the exports of Ecuador to Peru have decreased at an annualized rate of 5.43%, from $1.35B in 2022 to $1.02B in 2017.

Exports from Peru (Flag) to Ecuador (Flag) (2022)

Exports from Ecuador (Flag) to Peru (Flag) (2022)

Latest Data

Trade between Peru (Flag) and Ecuador (Flag)

Peru Exports

Ecuador Exports

Market Competitiveness

Color
Peru
Top Destination
China$17.6B
Ecuador
Top Destination
United States$9.86B

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

In 2022, countries that imported more from Peru than Ecuador included China ($17.6B), South Korea ($2.62B), and Japan ($2.83B).

In 2022, countries that imported more from Ecuador than Peru included Panama ($4.97B), United States ($9.86B), and Russia ($994M).

Difference in imports from Ecuador (Flag) and Peru (Flag) (2022)

Comparative Advantage Peru - Ecuador

Flow
Scale

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

During 2022, Peru had a large net trade with Ecuador in the exports of Foodstuffs ($493M), Metals ($163M), and Chemical Products ($162M).

During 2017, Ecuador had a large net trade with Peru in the exports of Mineral Products ($567M), Foodstuffs ($132M), and Wood Products ($76.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Peru Ecuador+$43.6MRefined Petroleum
Top Product Potential Ecuador Peru+$72.3MCrude 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 Peru and Ecuador. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Peru.

Product Space of Peru (Flag) and Ecuador (Flag) (2022)

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