2022
Exports
$1.54BWorld Rnk 14 / 128
Flag Rnk 7 / 1148
2022
PRODUCT COMPLEXITY IN Iron Ore
-1.79Rnk 980 / 1025
2022
Imports
$3.51kWorld Rnk 115 / 130
Flag Rnk 1159 / 1183
2022
ECONOMIC COMPLEXITY of Peru
-0.6Rnk 93 / 133

About

Exports In 2022, Peru exported $1.54B in Iron Ore, making it the 14th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 7th most exported product in Peru. The main destination of Iron Ore exports from Peru are: China ($1.47B), Japan ($67.9M), Germany ($1.11M), Hong Kong ($35.8k), and France ($5.77k).

The fastest growing export markets for Iron Ore of Peru between 2021 and 2022 were Japan ($3.62M), Germany ($1.11M), and Hong Kong ($35.8k).

Imports In 2022, Peru imported $3.51k in Iron Ore, becoming the 115th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 1159th most imported product in Peru. Peru imports Iron Ore primarily from: Spain ($2.8k) and United States ($709).

The fastest growing import markets in Iron Ore for Peru between 2021 and 2022 were United States ($709).

Latest Trends

Sep 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 Iron Ore. 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)$1.54B
IMPORTS (2022)$3.51k
NET TRADE (2022)$1.54B

In 2022, Peru exported $1.54B in Iron Ore. The main destinations of Peru exports on Iron Ore were China ($1.47B), Japan ($67.9M), Germany ($1.11M), Hong Kong ($35.8k), and France ($5.77k).

In 2022, Peru imported $3.51k in Iron Ore, mainly from Spain ($2.8k) and United States ($709).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Peru WERE (2021 - 2022):
Japan$3.62M (5.63%)
Germany$1.11M (91.2k%)
Hong Kong$35.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Peru WERE (2021 - 2022):
China-$237M (-13.9%)
Canada-$3.01M (-100%)
United States-$2.54M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Peru's main exporting competitors in Iron Ore were:
Brazil $30.1B
Canada $6.81B
In 2022, Peru's main importing competitors in Iron Ore were:

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $365M
TOP IMPORT POTENTIALUnited States+ $2.86k

Iron Ore’s highest export potential is China. With an export gap of $365M.   Iron Ore’s highest import potential is United States with an import gap of $2.86k.

See methodology.

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