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2022
Flag → Flag
Exports $126MRnk 33 / 180
2022
Flag → Flag
Top Product $24.4MCopper Wire
2022
Flag → Flag
Exports $8.95MRnk 37 / 126
2022
Flag → Flag
Top Product $1.64MAcyclic Alcohols
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
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GDP PC $7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Peru-Venezuela Trade: In 2022, Peru exported $126M to Venezuela. The main products that Peru exported to Venezuela were Copper Wire ($24.4M), Stranded Copper Wire ($14M), and Knit Women's Shirts ($8.45M). Over the past 5 years the exports of Peru to Venezuela have increased at an annualized rate of 21%, from $48.6M in 2017 to $126M in 2022.

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

Venezuela-Peru Trade: 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). Over the past 5 years the exports of Venezuela to Peru have decreased at an annualized rate of 15.4%,  from $20.7M in 2017 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 5 years the exports of Peru to Venezuela have increased at an annualized rate of 21%, from $48.6M in 2017 to $126M in 2022.

In 2017, 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 5 years the exports of Venezuela to Peru have decreased at an annualized rate of 15.4%, from $20.7M in 2022 to $8.95M in 2017.

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 DestinationChina$17.6B
Venezuela
Top DestinationChina$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 2022, countries that imported more from Peru than Venezuela included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Venezuela than Peru included 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 2017, 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 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) (2022)

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