Peru (PER) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Peru-Colombia Trade: In 2022, Peru exported $1.05B to Colombia. The main products that Peru exported to Colombia were Copper Wire ($191M), Coffee ($78.4M), and Raw Zinc ($61.5M). Over the past 5 years the exports of Peru to Colombia have increased at an annualized rate of 9.16%, from $679M in 2017 to $1.05B in 2022.

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

Colombia-Peru Trade: In 2022, Colombia exported $1.12B to Peru. The main products that Colombia exported to Peru were Coal Briquettes ($57.6M), Cleaning Products ($53.4M), and Packaged Medicaments ($40.5M). Over the past 5 years the exports of Colombia to Peru have decreased at an annualized rate of 0.058%, from $1.13B in 2017 to $1.12B in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $1.05B to Colombia. The main products exported from Peru to Colombia were Copper Wire ($191M), Coffee ($78.4M), and Raw Zinc ($61.5M). During the last 5 years the exports of Peru to Colombia have increased at an annualized rate of 9.16%, from $679M in 2017 to $1.05B in 2022.

In 2017, Colombia exported $1.12B to Peru. The main products exported from Colombia to Peru were Coal Briquettes ($57.6M), Cleaning Products ($53.4M), and Packaged Medicaments ($40.5M). During the last 5 years the exports of Colombia to Peru have decreased at an annualized rate of 0.058%, from $1.13B in 2022 to $1.12B in 2017.

Exports from Peru () to Colombia () (2022)

Exports from Colombia () to Peru () (2022)

Latest Data

Trade between Peru () and Colombia ()

Peru Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Peru than Colombia included China ($17.6B), Japan ($2.83B), and South Korea ($2.62B).

In 2022, countries that imported more from Colombia than Peru included United States ($15.6B), Panama ($5.84B), and Turkey ($2.27B).

Difference in imports from Colombia () and Peru () (2022)

Comparative Advantage Peru - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Colombia in the exports of Metals ($332M), Vegetable Products ($150M), and Foodstuffs ($131M).

During 2017, Colombia had a large net trade with Peru in the exports of Chemical Products ($344M), Plastics and Rubbers ($141M), and Mineral Products ($117M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Colombia+$55.9MRefined Petroleum

Top Product Potential Colombia Peru+$47MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Peru () to Colombia () (2022)

Exports from Colombia () to Peru () (2022)

Latest Data

Trade between Peru () and Colombia ()

Peru Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and Peru () (2022)

Comparative Advantage Peru - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Colombia () (2022)

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