2022
Exports
$2.18BWorld Rnk 48 / 214
Flag Rnk 5 / 1148
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$7.45BWorld Rnk 40 / 225
Flag Rnk 1 / 1183
2022
ECONOMIC COMPLEXITY of Peru
-0.6Rnk 93 / 133

About

Exports In 2022, Peru exported $2.18B in Refined Petroleum, making it the 48th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Peru. The main destination of Refined Petroleum exports from Peru are: Japan ($721M), Panama ($446M), Bolivia ($168M), South Korea ($153M), and Chile ($148M).

The fastest growing export markets for Refined Petroleum of Peru between 2021 and 2022 were Chile ($95.7M), South Korea ($83.2M), and Brazil ($62.8M).

Imports In 2022, Peru imported $7.45B in Refined Petroleum, becoming the 40th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Peru. Peru imports Refined Petroleum primarily from: United States ($6.79B), Canada ($423M), Ecuador ($35.9M), Colombia ($33.4M), and South Korea ($22.6M).

The fastest growing import markets in Refined Petroleum for Peru between 2021 and 2022 were United States ($3.58B), Canada ($268M), and Ecuador ($24.2M).

Latest Trends

Oct 2024

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 Refined Petroleum. 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 (2022)$2.18B
IMPORTS (2022)$7.45B
NET TRADE (2022)-$5.27B

In 2022, Peru exported $2.18B in Refined Petroleum. The main destinations of Peru exports on Refined Petroleum were Japan ($721M), Panama ($446M), Bolivia ($168M), South Korea ($153M), and Chile ($148M).

In 2022, Peru imported $7.45B in Refined Petroleum, mainly from United States ($6.79B), Canada ($423M), Ecuador ($35.9M), Colombia ($33.4M), and South Korea ($22.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Peru WERE (2021 - 2022):
Chile$95.7M (184%)
South Korea$83.2M (119%)
Brazil$62.8M (283%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Peru WERE (2021 - 2022):
Guatemala-$20.9M (-98%)
Japan-$15.1M (-2.06%)
Ecuador-$4.5M (-9.28%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Peru's main exporting competitors in Refined Petroleum were:
In 2022, Peru's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $191M
TOP IMPORT POTENTIALColombia+ $47M

Refined Petroleum’s highest export potential is United States. With an export gap of $191M.   Refined Petroleum’s highest import potential is Colombia with an import gap of $47M.

See methodology.

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