2023
Flag  
GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC 
$7,907CURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195

About

Peru-Venezuela Trade: In 2023, Peru exported $138M to Venezuela. The main products that Peru exported to Venezuela were Copper Wire ($29.4M), Knit Women's Suits ($16.7M), and Other Knit Garments ($8.23M). Over the past 5 years the exports of Peru to Venezuela have increased at an annualized rate of 38.3%, from $27.2M in 2018 to $138M in 2023.

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

Venezuela-Peru Trade: In 2023, Venezuela exported $11.8M to Peru. The main products that Venezuela exported to Peru were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($7.05M), Sauces and Seasonings ($634k), and Hard Liquor ($569k). Over the past 5 years the exports of Venezuela to Peru have increased at an annualized rate of 11.6%,  from $6.83M in 2018 to $11.8M in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Peru exported $138M to Venezuela. The main products exported from Peru to Venezuela were Copper Wire ($29.4M), Knit Women's Suits ($16.7M), and Other Knit Garments ($8.23M). During the last 5 years the exports of Peru to Venezuela have increased at an annualized rate of 38.3%, from $27.2M in 2018 to $138M in 2023.

In 2018, Venezuela exported $11.8M to Peru. The main products exported from Venezuela to Peru were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($7.05M), Sauces and Seasonings ($634k), and Hard Liquor ($569k). During the last 5 years the exports of Venezuela to Peru have increased at an annualized rate of 11.6%, from $6.83M in 2023 to $11.8M in 2018.

Exports from Peru (Flag) to Venezuela (Flag) (2023)

Exports from Venezuela (Flag) to Peru (Flag) (2023)

Latest Data

Trade between Peru (Flag) and Venezuela (Flag)

Peru Exports

Market Competitiveness

Color
Peru
Top Destination
China$22.5B
Venezuela
Top Destination
United States$3.81B

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 2023, countries that imported more from Peru than Venezuela included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Venezuela than Peru included Lebanon ($106M), Turkey ($364M), and Dominica ($10.5M).

Difference in imports from Venezuela (Flag) and Peru (Flag) (2023)

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 2023, Peru had a large net trade with Venezuela in the exports of Textiles ($52.5M), Metals ($40.8M), and Chemical Products ($11.6M).

During 2018, Venezuela had a large net trade with Peru in the exports of Chemical Products ($7.46M), Foodstuffs ($2.08M), and Metals ($729k).

Economic Complexity

Competitive Landscape

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

Product Space of Peru (Flag) and Venezuela (Flag) (2023)

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