Peru (PER) and India (IND) Trade | The Observatory of Economic Complexity

About

Peru-India Trade: In 2023, Peru exported $2.62B to India. The main products that Peru exported to India were Gold ($2.26B), Copper Ore ($246M), and Silver ($47.4M). Over the past 5 years the exports of Peru to India have increased at an annualized rate of 1.09%, from $2.48B in 2018 to $2.62B in 2023.

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

India-Peru Trade: In 2023, India exported $1.12B to Peru. The main products that India exported to Peru were Cars ($221M), Non-Retail Pure Cotton Yarn ($125M), and Packaged Medicaments ($82.5M). Over the past 5 years the exports of India to Peru have increased at an annualized rate of 1.65%, from $921M in 2018 to $1.12B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $2.62B to India. The main products exported from Peru to India were Gold ($2.26B), Copper Ore ($246M), and Silver ($47.4M). During the last 5 years the exports of Peru to India have increased at an annualized rate of 1.09%, from $2.48B in 2018 to $2.62B in 2023.

In 2018, India exported $1.12B to Peru. The main products exported from India to Peru were Cars ($221M), Non-Retail Pure Cotton Yarn ($125M), and Packaged Medicaments ($82.5M). During the last 5 years the exports of India to Peru have increased at an annualized rate of 1.65%, from $921M in 2023 to $1.12B in 2018.

Exports from Peru () to India () (2023)

Exports from India () to Peru () (2023)

Latest Data

Trade between Peru () and India ()

Peru Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Peru than India included China ($22.5B), Chile ($1.92B), and Ecuador ($1.12B).

In 2023, countries that imported more from India than Peru included United States ($85.5B), United Arab Emirates ($28.8B), and Germany ($15B).

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

Comparative Advantage Peru - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with India in the exports of Precious Metals ($2.3B), Mineral Products ($263M), and Metals ($28.4M).

During 2018, India had a large net trade with Peru in the exports of Transportation ($305M), Textiles ($218M), and Chemical Products ($204M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru India+$169MCopper Ore

Top Product Potential India Peru+$37.2MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to India () (2023)

Exports from India () to Peru () (2023)

Latest Data

Trade between Peru () and India ()

Peru Exports

India Exports

Market Competitiveness

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

Comparative Advantage Peru - India

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 India () (2023)

Keep Exploring