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

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Thailand-Peru Trade: In 2023, Thailand exported $449M to Peru. The main products that Thailand exported to Peru were Delivery Trucks ($59.1M), Household Washing Machines ($45.1M), and Cars ($41.7M). Over the past 5 years the exports of Thailand to Peru have increased at an annualized rate of 1.41%, from $419M in 2018 to $449M in 2023.

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

Peru-Thailand Trade: In 2023, Peru exported $170M to Thailand. The main products that Peru exported to Thailand were Molluscs ($76.2M), Raw Zinc ($42.7M), and Molybdenum Ore ($11.6M). Over the past 5 years the exports of Peru to Thailand have increased at an annualized rate of 5.05%, from $133M in 2018 to $170M in 2023.

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

Comparison: In 2023, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Thailand exported $449M to Peru. The main products exported from Thailand to Peru were Delivery Trucks ($59.1M), Household Washing Machines ($45.1M), and Cars ($41.7M). During the last 5 years the exports of Thailand to Peru have increased at an annualized rate of 1.41%, from $419M in 2018 to $449M in 2023.

In 2018, Peru exported $170M to Thailand. The main products exported from Peru to Thailand were Molluscs ($76.2M), Raw Zinc ($42.7M), and Molybdenum Ore ($11.6M). During the last 5 years the exports of Peru to Thailand have increased at an annualized rate of 5.05%, from $133M in 2023 to $170M in 2018.

Exports from Thailand () to Peru () (2023)

Exports from Peru () to Thailand () (2023)

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$58.5B

Peru
Top DestinationChina$22.5B

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 2023, countries that imported more from Thailand than Peru included United States ($58.5B), Japan ($24.9B), and China ($44.1B).

In 2023, countries that imported more from Peru than Thailand included Chile ($1.92B), Ecuador ($1.12B), and Colombia ($810M).

Difference in imports from Peru () and Thailand () (2023)

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 2023, Thailand had a large net trade with Peru in the exports of Machines ($148M), Transportation ($114M), and Plastics and Rubbers ($47M).

During 2018, Peru had a large net trade with Thailand in the exports of Animal Products ($78.8M), Metals ($53.7M), and Vegetable Products ($17.8M).

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 () (2023)

Exports from Peru () to Thailand () (2023)

Latest Data

Trade between Thailand () and Peru ()

Thailand Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Thailand () (2023)

Comparative Advantage Thailand - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Thailand () and Peru () (2023)

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