Turkey (TUR) and Peru (PER) Trade | The Observatory of Economic Complexity

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Turkey-Peru Trade: In 2023, Turkey exported $313M to Peru. The main products that Turkey exported to Peru were Raw Iron Bars ($34M), Zinc Oxide and Peroxide ($31.4M), and Zinc Ore ($25.6M). Over the past 5 years the exports of Turkey to Peru have increased at an annualized rate of 9.32%, from $201M in 2018 to $313M in 2023.

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

Peru-Turkey Trade: In 2023, Peru exported $337M to Turkey. The main products that Peru exported to Turkey were Gold ($214M), Other Construction Vehicles ($36.6M), and Raw Tin ($25.5M). Over the past 5 years the exports of Peru to Turkey have increased at an annualized rate of 38.2%, from $66.7M in 2018 to $337M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $313M to Peru. The main products exported from Turkey to Peru were Raw Iron Bars ($34M), Zinc Oxide and Peroxide ($31.4M), and Zinc Ore ($25.6M). During the last 5 years the exports of Turkey to Peru have increased at an annualized rate of 9.32%, from $201M in 2018 to $313M in 2023.

In 2018, Peru exported $337M to Turkey. The main products exported from Peru to Turkey were Gold ($214M), Other Construction Vehicles ($36.6M), and Raw Tin ($25.5M). During the last 5 years the exports of Peru to Turkey have increased at an annualized rate of 38.2%, from $66.7M in 2023 to $337M in 2018.

Exports from Turkey () to Peru () (2023)

Exports from Peru () to Turkey () (2023)

Latest Data

Trade between Turkey () and Peru ()

Turkey Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Turkey than Peru included Germany ($24.7B), United Arab Emirates ($14.7B), and United Kingdom ($15.1B).

In 2023, countries that imported more from Peru than Turkey included China ($22.5B), Chile ($1.92B), and South Korea ($2.34B).

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

Comparative Advantage Turkey - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Peru in the exports of Metals ($78.9M), Machines ($59.2M), and Chemical Products ($47.6M).

During 2018, Peru had a large net trade with Turkey in the exports of Precious Metals ($216M), Machines ($47.5M), and Metals ($44M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Peru+$9.89MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Peru Turkey+$112MGold

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Peru () (2023)

Exports from Peru () to Turkey () (2023)

Latest Data

Trade between Turkey () and Peru ()

Turkey Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Turkey - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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