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

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Pricing

Russia (RUS) and Peru (PER) Trade

2022

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Exports $353MRnk 70 / 138

2022

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Top Product $157MNitrogenous Fertilizers

2022

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Exports $96.1MRnk 41 / 180

2022

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About

Russia-Peru In 2022, Russia exported $353M to Peru. The main products that Russia exported to Peru are Nitrogenous Fertilizers ($157M), Mixed Mineral or Chemical Fertilizers ($60.3M), and Prepared Explosives ($36.4M). During the last 27 years the exports of Russia to Peru have increased at an annualized rate of 13.3%, from $12.1M in 1995 to $353M in 2022.

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.

Peru-Russia In 2022, Peru exported $96.1M to Russia. The main products that Peru exported to Russia were Molluscs ($18.2M), Tropical Fruits ($17.8M), and Grapes ($17.1M). During the last 27 years the exports of Peru to Russia have increased at an annualized rate of 8.77%, from $9.93M in 1995 to $96.1M in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Peru ranked 87 in the Economic Complexity Index (ECI -0.66), and 54 in total exports ($59.4B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $30M and imported $32.7M from Peru, resulting in a negative trade balance of $2.72M. Between January 2021 and January 2022 the exports of Russia have increased by $18.3M (156%) from $11.7M to $30M, while imports increased by $11.1M (51.5%) from $21.6M to $32.7M.

Trade In January 2022, the top exports of Russia to Peru were Nitrogenous Fertilizers ($5.03M), Delivery Trucks ($1.21M), Refined Petroleum ($1.13M), Propylene Polymers ($850k), and Prepr binder for foundry ($576k). In January 2022 the top imports of Russia from Peru were Grapes ($7.16M), Tropical Fruits ($6.43M), Coffee ($1.4M), Molluscs ($1.31M), and Processed Crustaceans ($1.22M).

Origins In January 2022 the exports of Russia were mainly from KIROV REGION ($15.8M), NOVGOROD REGION ($3.98M), REPUBLIC OF BASHKORTOSTAN ($2.35M), TULA REGION ($1.93M), and TYUMEN REGION ($1.1M), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($13.5M), ST. PETERSBURG ($6.74M), KRASNODAR TERRITORY ($4.84M), MOSCOW REGION ($3.12M), and ROSTOV REGION ($1.07M).

Growth In January 2022, the increase in Russia's year-by-year exports to Peru was explained primarily by an increase in product exports in Kraft Paper ($477k or 711%), Prepr binder for foundry ($461k or 401%), and Other Edible Preparations ($59.4k or 300%). In January 2022, the increase in Russia's year-by-year imports from Peru was explained primarily by an increase in product imports in Grapes ($3.27M or 84%), Tropical Fruits ($1.44M or 28.8%), and Coffee ($117k or 9.08%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$18.3M(156%)

IMPORT GROWTH (January 2021 - January 2022)$11.1M(51.5%)

MAIN EXPORTER (January 2022)KIROV REGION$15.8M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Peru and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Russia exported $353M to Peru. The main products exported from Russia to Peru were Nitrogenous Fertilizers ($157M), Mixed Mineral or Chemical Fertilizers ($60.3M), and Prepared Explosives ($36.4M). During the last 27 years the exports of Russia to Peru have increased at an annualized rate of 13.3%, from $12.1M in 1995 to $353M in 2022.

In 2022, Peru exported $96.1M to Russia. The main products exported from Peru to Russia were Molluscs ($18.2M), Tropical Fruits ($17.8M), and Grapes ($17.1M). During the last 27 years the exports of Peru to Russia have increased at an annualized rate of 8.77%, from $9.93M in 1995 to $96.1M in 2022.

Exports from Russia () to Peru () (2022)

Exports from Peru () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Peru
Top DestinationChina$17.6B

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

In 2021, countries that imported more from Russia than Peru were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Peru than Russia were Canada ($2.69B), Chile ($1.85B), and Ecuador ($1.28B).

Difference in imports from Peru () and Russia () (2022)

Comparative Advantage Russia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Peru in the exports of Chemical Products ($278M), Plastics and Rubbers ($18.6M), and Paper Goods ($15.1M).

During 2022, Peru had a large net trade with Russia in the exports of Vegetable Products ($54.5M), Animal Products ($20.4M), and Mineral Products ($8.94M).

Service Trade

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)

Economic Complexity

Competitive Landscape

Year

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 Russia has comparative advantage over Peru. Similarly, the more yellow a dot/product is, the more Peru has comparative advantage over Russia.

Product Space of Russia () and Peru () (2022)

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