2023
Exports
$49.6MWorld Rnk 57 / 221
Flag Rnk 88 / 1143
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$334MWorld Rnk 40 / 224
Flag Rnk 25 / 1182
2023
ECONOMIC COMPLEXITY of Peru
-0.61Rnk 90 / 132

About

Exports In 2023, Peru exported $49.6M in Excavation Machinery, making it the 57th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 88th most exported product in Peru. The main destination of Excavation Machinery exports from Peru are: Chile ($10.3M), United States ($7.71M), Canada ($6.8M), Mexico ($5.21M), and Turkey ($3.18M).

The fastest growing export markets for Excavation Machinery of Peru between 2022 and 2023 were Canada ($5.14M), Turkey ($3.08M), and Zambia ($1.25M).

Imports In 2023, Peru imported $334M in Excavation Machinery, becoming the 40th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 25th most imported product in Peru. Peru imports Excavation Machinery primarily from: United States ($109M), China ($69.3M), Chile ($30.9M), Mexico ($14.6M), and Germany ($13.9M).

The fastest growing import markets in Excavation Machinery for Peru between 2022 and 2023 were United States ($17.7M), Mexico ($6.89M), and Chile ($5.28M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Excavation Machinery. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$49.6M
IMPORTS (2023)$334M
NET TRADE (2023)-$285M

In 2023, Peru exported $49.6M in Excavation Machinery. The main destinations of Peru exports on Excavation Machinery were Chile ($10.3M), United States ($7.71M), Canada ($6.8M), Mexico ($5.21M), and Turkey ($3.18M).

In 2023, Peru imported $334M in Excavation Machinery, mainly from United States ($109M), China ($69.3M), Chile ($30.9M), Mexico ($14.6M), and Germany ($13.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Peru WERE (2022 - 2023):
Canada$5.14M (308%)
Turkey$3.08M (2.83k%)
Zambia$1.25M (143%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Peru WERE (2022 - 2023):
Australia-$2.97M (-84.1%)
China-$2.91M (-97.8%)
Panama-$2.01M (-78%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Peru's main exporting competitors in Excavation Machinery were:
In 2023, Peru's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.2M
TOP IMPORT POTENTIALChina+ $23.3M

Excavation Machinery’s highest export potential is United States. With an export gap of $11.2M.   Excavation Machinery’s highest import potential is China with an import gap of $23.3M.

See methodology.

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