Singapore (SGP) and Peru (PER) Trade | The Observatory of Economic Complexity

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Singapore-Peru Trade: In 2022, Singapore exported $123M to Peru. The main products that Singapore exported to Peru were Other Edible Preparations ($15.5M), Organo-Sulfur Compounds ($14.3M), and Other Steel Bars ($13.1M). Over the past 5 years the exports of Singapore to Peru have increased at an annualized rate of 5.46%, from $94.2M in 2017 to $123M in 2022.

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

Peru-Singapore Trade: In 2022, Peru exported $27.1M to Singapore. The main products that Peru exported to Singapore were Refined Copper ($7.6M), Fish: dried, salted, smoked or in brine ($3.72M), and Petroleum Gas ($2.95M). Over the past 5 years the exports of Peru to Singapore have decreased at an annualized rate of 10.3%, from $58M in 2017 to $27.1M in 2022.

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

Comparison: In 2022, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Singapore exported $123M to Peru. The main products exported from Singapore to Peru were Other Edible Preparations ($15.5M), Organo-Sulfur Compounds ($14.3M), and Other Steel Bars ($13.1M). During the last 5 years the exports of Singapore to Peru have increased at an annualized rate of 5.46%, from $94.2M in 2017 to $123M in 2022.

In 2017, Peru exported $27.1M to Singapore. The main products exported from Peru to Singapore were Refined Copper ($7.6M), Fish: dried, salted, smoked or in brine ($3.72M), and Petroleum Gas ($2.95M). During the last 5 years the exports of Peru to Singapore have decreased at an annualized rate of 10.3%, from $58M in 2022 to $27.1M in 2017.

Exports from Singapore () to Peru () (2022)

Exports from Peru () to Singapore () (2022)

Latest Data

Trade between Singapore () and Peru ()

Singapore Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$51.6B

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Singapore than Peru included Hong Kong ($51.6B), Malaysia ($35.9B), and China ($51.2B).

In 2022, countries that imported more from Peru than Singapore included Chile ($1.85B), Canada ($2.69B), and Ecuador ($1.28B).

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

Comparative Advantage Singapore - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Singapore had a large net trade with Peru in the exports of Foodstuffs ($22.8M), Chemical Products ($22.6M), and Instruments ($20.5M).

During 2017, Peru had a large net trade with Singapore in the exports of Metals ($10.4M), Animal Products ($4.19M), and Vegetable Products ($3.78M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Singapore () to Peru () (2022)

Exports from Peru () to Singapore () (2022)

Latest Data

Trade between Singapore () and Peru ()

Singapore Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Singapore - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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