2022
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GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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 GDP
$243BCURRENT US$
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2012-2022
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GDP GROWTH
25.9%CURRENT US$
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2022
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GDP PC 
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
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2022
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GDP PC
$7,126CURRENT US$
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2012-2022
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GDP PC GROWTH
10%CURRENT US$
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About

South Korea-Peru Trade: In 2022, South Korea exported $892M to Peru. The main products that South Korea exported to Peru were Cars ($183M), Propylene Polymers ($63.9M), and Delivery Trucks ($54.4M). Over the past 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.03%, from $988M in 2017 to $892M in 2022.

In 2022, South Korea did not export any services to Peru.

Peru-South Korea Trade: In 2022, Peru exported $2.62B to South Korea. The main products that Peru exported to South Korea were Petroleum Gas ($903M), Copper Ore ($529M), and Lead Ore ($251M). Over the past 5 years the exports of Peru to South Korea have increased at an annualized rate of 4.08%,  from $2.15B in 2017 to $2.62B in 2022.

In 2022, Peru did not export any services to South Korea.

Comparison: In 2022,  South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, South Korea exported $892M to Peru. The main products exported from South Korea to Peru were Cars ($183M), Propylene Polymers ($63.9M), and Delivery Trucks ($54.4M). During the last 5 years the exports of South Korea to Peru have decreased at an annualized rate of 2.03%, from $988M in 2017 to $892M in 2022.

In 2017, Peru exported $2.62B to South Korea. The main products exported from Peru to South Korea were Petroleum Gas ($903M), Copper Ore ($529M), and Lead Ore ($251M). During the last 5 years the exports of Peru to South Korea have increased at an annualized rate of 4.08%, from $2.15B in 2022 to $2.62B in 2017.

Exports from South Korea (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to South Korea (Flag) (2022)

Market Competitiveness

Color
South Korea
Top Destination
China$150B
Peru
Top Destination
China$17.6B

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

In 2022, countries that imported more from South Korea than Peru included China ($150B), United States ($112B), and Vietnam ($60.7B).

In 2022, countries that imported more from Peru than South Korea included Bolivia ($813M), Switzerland ($2.08B), and Ecuador ($1.28B).

Difference in imports from Peru (Flag) and South Korea (Flag) (2022)

Comparative Advantage South Korea - Peru

Flow
Scale

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

During 2022, South Korea had a large net trade with Peru in the exports of Transportation ($298M), Plastics and Rubbers ($193M), and Machines ($129M).

During 2017, Peru had a large net trade with South Korea in the exports of Mineral Products ($2.11B), Vegetable Products ($164M), and Animal Products ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential South Korea Peru+$52.1MCars
Top Product Potential Peru South Korea+$82.2MRefined Petroleum

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

Product Space of South Korea (Flag) and Peru (Flag) (2022)

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