Peru (PER) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Peru-Singapore Trade: In 2023, Peru exported $76.9M to Singapore. The main products that Peru exported to Singapore were Raw Zinc ($38.9M), Refined Copper ($13.1M), and Petroleum Gas ($6.25M). Over the past 5 years the exports of Peru to Singapore have increased at an annualized rate of 38.5%, from $15.1M in 2018 to $76.9M in 2023.

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

Singapore-Peru Trade: In 2023, Singapore exported $97.3M to Peru. The main products that Singapore exported to Peru were Other Edible Preparations ($12.8M), Surveying Equipment ($7.88M), and Chemical Analysis Instruments ($6.48M). Over the past 5 years the exports of Singapore to Peru have increased at an annualized rate of 2.8%, from $82.4M in 2018 to $97.3M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $76.9M to Singapore. The main products exported from Peru to Singapore were Raw Zinc ($38.9M), Refined Copper ($13.1M), and Petroleum Gas ($6.25M). During the last 5 years the exports of Peru to Singapore have increased at an annualized rate of 38.5%, from $15.1M in 2018 to $76.9M in 2023.

In 2018, Singapore exported $97.3M to Peru. The main products exported from Singapore to Peru were Other Edible Preparations ($12.8M), Surveying Equipment ($7.88M), and Chemical Analysis Instruments ($6.48M). During the last 5 years the exports of Singapore to Peru have increased at an annualized rate of 2.8%, from $82.4M in 2023 to $97.3M in 2018.

Exports from Peru () to Singapore () (2023)

Exports from Singapore () to Peru () (2023)

Latest Data

Trade between Peru () and Singapore ()

Peru Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Singapore
Top DestinationHong Kong$44.5B

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

In 2023, countries that imported more from Peru than Singapore included Canada ($3.24B), Chile ($1.92B), and Spain ($1.94B).

In 2023, countries that imported more from Singapore than Peru included Hong Kong ($44.5B), Malaysia ($31.4B), and United States ($32.9B).

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

Comparative Advantage Peru - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Singapore in the exports of Metals ($52.2M), Mineral Products ($6.25M), and Animal Products ($6.24M).

During 2018, Singapore had a large net trade with Peru in the exports of Instruments ($23.8M), Foodstuffs ($17.4M), and Chemical Products ($14.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Singapore+$7.83MPetroleum Gas

Top Product Potential Singapore Peru+$7.42MRefined 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Singapore () (2023)

Exports from Singapore () to Peru () (2023)

Latest Data

Trade between Peru () and Singapore ()

Peru Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Peru - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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