Dem. People's Rep. of Korea-Peru Bilateral Trade Analysis 2023
Complete trade statistics: $18.55M total volume •Dem. People's Rep. of Korea deficit: $18.55M
Dem. People's Rep. of Korea → Peru
$0
Exports (2023)
Peru → Dem. People's Rep. of Korea
$18.55M
Imports (2023)
Trade Balance
$18.55M
Deficit for Dem. People's Rep. of Korea
Total Trade
$18.55M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Dem. People's Rep. of Korea and Peru. Green line shows exports from Dem. People's Rep. of Korea, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Dem. People's Rep. of Korea-Peru commercial relationship and competitive positioning in global markets.
Dem. People's Rep. of Korea → Peru Exports
Export Market Intelligence
🎯 Strategic Export Focus
Dem. People's Rep. of Korea's export portfolio to Peru demonstrates strategic specialization, with iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel representing a key competitive advantage in this bilateral market.
Peru → Dem. People's Rep. of Korea Imports
Import Dependency Profile
📦 Import Strategy Analysis
Dem. People's Rep. of Korea's import pattern from Peru reveals significant dependencyin zinc ores and concentrates, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Dem. People's Rep. of Korea demonstrates competitive strength in exportingiron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel to Peru, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $18.55M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Dem. People's Rep. of Korea-Peru Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $18.55 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Dem. People's Rep. of Korea maintains a deficit of $18.55 million
- Export Focus: Dem. People's Rep. of Korea's primary exports include iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel, fans: n.e.c. in item no. 8414.51, instruments, appliances and machines: for measuring or checking n.e.c. in chapter 90
- Import Dependencies: Key imports from Peru include zinc ores and concentrates, molybdenum ores and concentrates: other than roasted
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $18.55M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Dem. People's Rep. of Korea leveraging its comparative advantages in iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Dem. People's Rep. of Korea's specialization in iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steelcomplements Peru's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in zinc ores and concentrates.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $18.55M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $18.55M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $18.55 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel and zinc ores and concentrates demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Dem. People's Rep. of Korea's trade deficit of $18.55 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Dem. People's Rep. of Korea and Peru represents a total trade volume of $18.55 million in 2023. This partnership demonstrates an unfavorable trade balance for Dem. People's Rep. of Korea, with imports exceeding exportsby $18.55 million.
Export Strengths
Dem. People's Rep. of Korea's exports to Peru total $0.00, with competitive advantages in iron or steel: tube or pipe fittings, n.e.c. in item no. 7307.9, other than stainless steel, representing $180,896 orInfinity% of bilateral exports.
Import Dependencies
Imports from Peru amount to $18.55 million, highlighting economic interdependence in zinc ores and concentrates, with Zinc ores and concentrates comprising76.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Dem. People's Rep. of Korea's strategic sourcing from Peru. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Dem. People's Rep. of Korea and Peru in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023