Peru (PER) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Peru-Russia Trade: In 2023, Peru exported $78.7M to Russia. The main products that Peru exported to Russia were Tropical Fruits ($19.8M), Molluscs ($9.85M), and Grapes ($9.76M). Over the past 5 years the exports of Peru to Russia have decreased at an annualized rate of 12.6%, from $155M in 2018 to $78.7M in 2023.

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

Russia-Peru Trade: In 2023, Russia exported $331M to Peru. The main products that Russia exported to Peru were Nitrogenous Fertilizers ($164M), Wheat ($67.1M), and Prepared Explosives ($39M). Over the past 5 years the exports of Russia to Peru have decreased at an annualized rate of 7.18%, from $481M in 2018 to $331M in 2023.

In 2020, Russia exported services to Peru worth $2.17M, with Travel ($1.02M), Other business services ($628k), and Transportation ($336k) being the largest in terms of value.

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $78.7M to Russia. The main products exported from Peru to Russia were Tropical Fruits ($19.8M), Molluscs ($9.85M), and Grapes ($9.76M). During the last 5 years the exports of Peru to Russia have decreased at an annualized rate of 12.6%, from $155M in 2018 to $78.7M in 2023.

In 2018, Russia exported $331M to Peru. The main products exported from Russia to Peru were Nitrogenous Fertilizers ($164M), Wheat ($67.1M), and Prepared Explosives ($39M). During the last 5 years the exports of Russia to Peru have decreased at an annualized rate of 7.18%, from $481M in 2023 to $331M in 2018.

Exports from Peru () to Russia () (2023)

Exports from Russia () to Peru () (2023)

Latest Data

Trade between Peru () and Russia ()

Peru Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Peru than Russia included United States ($9.3B), Canada ($3.24B), and South Korea ($2.34B).

In 2023, countries that imported more from Russia than Peru included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage Peru - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Russia in the exports of Vegetable Products ($53.7M), Chemical Products ($10.8M), and Animal Products ($10.3M).

During 2018, Russia had a large net trade with Peru in the exports of Chemical Products ($247M), Vegetable Products ($67.1M), and Plastics and Rubbers ($7.59M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Russia+$7.65MTropical Fruits

Top Product Potential Russia Peru+$13.2MRefined 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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Peru worth $2.17M, with Travel ($1.02M), Other business services ($628k), and Transportation ($336k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Peru () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Russia () (2023)

Exports from Russia () to Peru () (2023)

Latest Data

Trade between Peru () and Russia ()

Peru Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Peru - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to Peru () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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