2022
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GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
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GDP PC 
$7,126CURRENT US$
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2012-2022
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GDP PC GROWTH
10%CURRENT US$
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About

Peru-Venezuela In 2022, Peru exported $126M to Venezuela. The main products that Peru exported to Venezuela are Copper Wire ($24.4M), Stranded Copper Wire ($14M), and Knit Women's Shirts ($8.45M). During the last 27 years the exports of Peru to Venezuela have decreased at an annualized rate of 1.03%, from $167M in 1995 to $126M in 2022.

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

Venezuela-Peru In 2022, Venezuela exported $8.95M to Peru. The main products that Venezuela exported to Peru were Acyclic Alcohols ($1.64M), Carbon ($1.17M), and Hard Liquor ($960k). During the last 27 years the exports of Venezuela to Peru have decreased at an annualized rate of 12.5%, from $330M in 1995 to $8.95M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Peru exported $126M to Venezuela. The main products exported from Peru to Venezuela were Copper Wire ($24.4M), Stranded Copper Wire ($14M), and Knit Women's Shirts ($8.45M). During the last 27 years the exports of Peru to Venezuela have decreased at an annualized rate of 1.03%, from $167M in 1995 to $126M in 2022.

In 2022, Venezuela exported $8.95M to Peru. The main products exported from Venezuela to Peru were Acyclic Alcohols ($1.64M), Carbon ($1.17M), and Hard Liquor ($960k). During the last 27 years the exports of Venezuela to Peru have decreased at an annualized rate of 12.5%, from $330M in 1995 to $8.95M in 2022.

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

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

Latest Data

Trade between Peru (Flag) and Venezuela (Flag)

Peru Exports

Market Competitiveness

Color
Peru
Top Destination
China$17.6B
Venezuela
Top Destination
China$703M

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

In 2021, countries that imported more from Peru than Venezuela were China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2021, countries that imported more from Venezuela than Peru were Turkey ($597M), Lebanon ($150M), and Montenegro ($75.9M).

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

Comparative Advantage Peru - Venezuela

Flow
Scale

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

During 2022, Peru had a large net trade with Venezuela in the exports of Metals ($49M), Textiles ($36M), and Plastics and Rubbers ($11.1M).

During 2022, Venezuela had a large net trade with Peru in the exports of Foodstuffs ($3.15M), Chemical Products ($2.88M), and Vegetable Products ($783k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Peru has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Peru.

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

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