Peru (PER) and South Korea (KOR) Trade | The Observatory of Economic Complexity

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Peru-South Korea Trade: In 2023, Peru exported $2.34B to South Korea. The main products that Peru exported to South Korea were Copper Ore ($733M), Lead Ore ($320M), and Petroleum Gas ($256M). Over the past 5 years the exports of Peru to South Korea have decreased at an annualized rate of 1%, from $2.47B in 2018 to $2.34B in 2023.

In 2023, Peru did not export any services to South Korea.

South Korea-Peru Trade: In 2023, South Korea exported $837M to Peru. The main products that South Korea exported to Peru were Cars ($122M), Refined Petroleum ($101M), and Delivery Trucks ($45.6M). Over the past 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.99%, from $975M in 2018 to $837M in 2023.

In 2023, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.85), and 5 in total exports ($645B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $2.34B to South Korea. The main products exported from Peru to South Korea were Copper Ore ($733M), Lead Ore ($320M), and Petroleum Gas ($256M). During the last 5 years the exports of Peru to South Korea have decreased at an annualized rate of 1%, from $2.47B in 2018 to $2.34B in 2023.

In 2018, South Korea exported $837M to Peru. The main products exported from South Korea to Peru were Cars ($122M), Refined Petroleum ($101M), and Delivery Trucks ($45.6M). During the last 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.99%, from $975M in 2023 to $837M in 2018.

Exports from Peru () to South Korea () (2023)

Exports from South Korea () to Peru () (2023)

Latest Data

Trade between Peru () and South Korea ()

Peru Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

South Korea
Top DestinationChina$162B

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

In 2023, countries that imported more from Peru than South Korea included Bolivia ($543M), Chile ($1.92B), and Panama ($543M).

In 2023, countries that imported more from South Korea than Peru included China ($162B), United States ($118B), and Hong Kong ($28.8B).

Difference in imports from South Korea () and Peru () (2023)

Comparative Advantage Peru - South Korea

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with South Korea in the exports of Mineral Products ($1.73B), Metals ($210M), and Vegetable Products ($149M).

During 2018, South Korea had a large net trade with Peru in the exports of Transportation ($205M), Plastics and Rubbers ($144M), and Mineral Products ($132M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru South Korea+$82.2MRefined Petroleum

Top Product Potential South Korea Peru+$52.1MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to South Korea () (2023)

Exports from South Korea () to Peru () (2023)

Latest Data

Trade between Peru () and South Korea ()

Peru Exports

South Korea Exports

Market Competitiveness

Difference in imports from South Korea () and Peru () (2023)

Comparative Advantage Peru - South Korea

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and South Korea () (2023)

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