Thailand (THA) and Peru (PER) Trade | The Observatory of Economic Complexity

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Thailand-Peru Trade: In 2022, Thailand exported $430M to Peru. The main products that Thailand exported to Peru were Cars ($44.5M), Delivery Trucks ($43.6M), and Large Construction Vehicles ($42.6M). Over the past 5 years the exports of Thailand to Peru have decreased at an annualized rate of 0.39%, from $438M in 2017 to $430M in 2022.

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

Peru-Thailand Trade: In 2022, Peru exported $134M to Thailand. The main products that Peru exported to Thailand were Molluscs ($57.1M), Raw Zinc ($32.9M), and Refined Copper ($15.8M). Over the past 5 years the exports of Peru to Thailand have increased at an annualized rate of 2.6%, from $118M in 2017 to $134M in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $430M to Peru. The main products exported from Thailand to Peru were Cars ($44.5M), Delivery Trucks ($43.6M), and Large Construction Vehicles ($42.6M). During the last 5 years the exports of Thailand to Peru have decreased at an annualized rate of 0.39%, from $438M in 2017 to $430M in 2022.

In 2017, Peru exported $134M to Thailand. The main products exported from Peru to Thailand were Molluscs ($57.1M), Raw Zinc ($32.9M), and Refined Copper ($15.8M). During the last 5 years the exports of Peru to Thailand have increased at an annualized rate of 2.6%, from $118M in 2022 to $134M in 2017.

Exports from Thailand () to Peru () (2022)

Exports from Peru () to Thailand () (2022)

Latest Data

Trade between Thailand () and Peru ()

Thailand Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Thailand than Peru included United States ($53.4B), Japan ($24.6B), and China ($35.3B).

In 2022, countries that imported more from Peru than Thailand included Chile ($1.85B), Ecuador ($1.28B), and Bolivia ($813M).

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

Comparative Advantage Thailand - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Peru in the exports of Machines ($153M), Transportation ($98.8M), and Plastics and Rubbers ($52.9M).

During 2017, Peru had a large net trade with Thailand in the exports of Animal Products ($57.3M), Metals ($52.9M), and Vegetable Products ($12.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Peru+$24MCars

Top Product Potential Peru Thailand+$16.4MRefined Copper

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 Thailand and Peru. This means that a dot/product with the flag of Thailand indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Thailand.

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Peru () (2022)

Exports from Peru () to Thailand () (2022)

Latest Data

Trade between Thailand () and Peru ()

Thailand Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Thailand - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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