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2022
Flag → Flag
Exports $1.16BRnk 27 / 215
2022
Flag → Flag
Top Product $423MRefined Petroleum
2022
Flag → Flag
Exports $2.69BRnk 4 / 180
2022
Flag → Flag
Top Product $1.86BGold
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Canada-Peru Trade: In 2022, Canada exported $1.16B to Peru. The main products that Canada exported to Peru were Refined Petroleum ($423M), Wheat ($411M), and Dried Legumes ($64.5M). Over the past 5 years the exports of Canada to Peru have increased at an annualized rate of 14.7%, from $588M in 2017 to $1.16B in 2022.

In 2020, Canada exported services to Peru worth $35M, with Computer and information services ($17.9M), Communications services ($15.7M), and Financial services ($746k) being the largest in terms of value.

Peru-Canada Trade: In 2022, Peru exported $2.69B to Canada. The main products that Peru exported to Canada were Gold ($1.86B), Copper Ore ($127M), and Zinc Ore ($123M). Over the past 5 years the exports of Peru to Canada have increased at an annualized rate of 16.8%,  from $1.24B in 2017 to $2.69B in 2022.

In 2022, Peru did not export any services to Canada.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$104M and imported C$492M from Peru, resulting in a negative trade balance of C$388M. Between August 2023 and August 2024 the exports of Canada have increased by C$83.7M (402%) from C$20.8M to C$104M, while imports increased by C$116M (30.9%) from C$376M to C$492M.

Trade In August 2024, the top exports of Canada to Peru were Wheat (C$100M), Refined Petroleum (C$49.1M), Oats (C$3.5M), Dried Legumes (C$3.36M), and Excavation Machinery (C$2.25M). In August 2024 the top imports of Canada from Peru were Gold (C$235M), Grapes (C$43.3M), Other Fruits (C$10.2M), Tropical Fruits (C$8.43M), and Coffee (C$5.91M).

Origins In August 2024 the exports of Canada were mainly from Alberta (C$53.1M), Saskatchewan (C$23.8M), Ontario (C$9.39M), Manitoba (C$8.7M), and Quebec (C$4.38M), while imports destinations were mainly Ontario (C$424M), Quebec (C$32M), British Columbia (C$20.5M), New Brunswick (C$8.34M), and Nova Scotia (C$6.06M).

Growth In August 2024, the increase in Canada's year-by-year exports to Peru was explained primarily by an increase in product exports in Wheat (C$76.2M or 319%), Refined Petroleum (C$8.76M or 21.7%), and Excavation Machinery (C$1.75M or 348%). In August 2024, the increase in Canada's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Gold (C$51M or 27.8%), Grapes (C$18.4M or 74.3%), and Tropical Fruits (C$5.17M or 159%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$83.7M(402%)
IMPORT GROWTH (August 2023 - August 2024)C$116M(30.9%)
MAIN EXPORTER (August 2024)AlbertaC$53.1M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Peru and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $1.16B to Peru. The main products exported from Canada to Peru were Refined Petroleum ($423M), Wheat ($411M), and Dried Legumes ($64.5M). During the last 5 years the exports of Canada to Peru have increased at an annualized rate of 14.7%, from $588M in 2017 to $1.16B in 2022.

In 2017, Peru exported $2.69B to Canada. The main products exported from Peru to Canada were Gold ($1.86B), Copper Ore ($127M), and Zinc Ore ($123M). During the last 5 years the exports of Peru to Canada have increased at an annualized rate of 16.8%, from $1.24B in 2022 to $2.69B in 2017.

Exports from Canada (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Canada than Peru included United States ($438B), Japan ($14.3B), and United Kingdom ($12.9B).

In 2022, countries that imported more from Peru than Canada included Chile ($1.85B), Bolivia ($813M), and Ecuador ($1.28B).

Difference in imports from Peru (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Peru

Flow
Scale

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

During 2022, Canada had a large net trade with Peru in the exports of Vegetable Products ($487M), Mineral Products ($424M), and Machines ($89.1M).

During 2017, Peru had a large net trade with Canada in the exports of Precious Metals ($1.87B), Mineral Products ($314M), and Vegetable Products ($245M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Peru+$10.6MCars
Top Product Potential Peru Canada+$61.9MCopper Ore

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

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

Product Space of Canada (Flag) and Peru (Flag) (2022)

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