2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH
17%CURRENT US$
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2022
Flag
 GDP
$243BCURRENT US$
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2012-2022
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GDP GROWTH
25.9%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 GROWTH
4.36%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

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).

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 Destination
United States$438B
Peru
Top Destination
China$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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