2023
Flag
 GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC
$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195

About

Venezuela-Peru Trade: In 2023, Venezuela exported $11.8M to Peru. The main products that Venezuela exported to Peru were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($7.05M), Sauces and Seasonings ($634k), and Hard Liquor ($569k). Over the past 5 years the exports of Venezuela to Peru have increased at an annualized rate of 11.6%, from $6.83M in 2018 to $11.8M in 2023.

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

Peru-Venezuela Trade: In 2023, Peru exported $138M to Venezuela. The main products that Peru exported to Venezuela were Copper Wire ($29.4M), Knit Women's Suits ($16.7M), and Other Knit Garments ($8.23M). Over the past 5 years the exports of Peru to Venezuela have increased at an annualized rate of 31%,  from $27.2M in 2018 to $138M in 2023.

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

Comparison: In 2023,  Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). 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
Value

In 2023, Venezuela exported $11.8M to Peru. The main products exported from Venezuela to Peru were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($7.05M), Sauces and Seasonings ($634k), and Hard Liquor ($569k). During the last 5 years the exports of Venezuela to Peru have increased at an annualized rate of 11.6%, from $6.83M in 2018 to $11.8M in 2023.

In 2018, Peru exported $138M to Venezuela. The main products exported from Peru to Venezuela were Copper Wire ($29.4M), Knit Women's Suits ($16.7M), and Other Knit Garments ($8.23M). During the last 5 years the exports of Peru to Venezuela have increased at an annualized rate of 31%, from $27.2M in 2023 to $138M in 2018.

Exports from Venezuela (Flag) to Peru (Flag) (2023)

Exports from Peru (Flag) to Venezuela (Flag) (2023)

Latest Data

Trade between Venezuela (Flag) and Peru (Flag)

Peru Exports

Market Competitiveness

Color
Venezuela
Top Destination
United States$3.81B
Peru
Top Destination
China$22.5B

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

In 2023, countries that imported more from Venezuela than Peru included Lebanon ($106M), Turkey ($364M), and Dominica ($10.5M).

In 2023, countries that imported more from Peru than Venezuela included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

Difference in imports from Peru (Flag) and Venezuela (Flag) (2023)

Comparative Advantage Venezuela - Peru

Flow
Scale

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

During 2023, Venezuela had a large net trade with Peru in the exports of Chemical Products ($7.46M), Foodstuffs ($2.08M), and Metals ($729k).

During 2018, Peru had a large net trade with Venezuela in the exports of Textiles ($52.5M), Metals ($40.8M), and Chemical Products ($11.6M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Venezuela and Peru. This means that a dot/product with the flag of Venezuela indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Venezuela.

Product Space of Venezuela (Flag) and Peru (Flag) (2023)

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