Mexico-Peru Bilateral Trade Analysis 2023
Complete trade statistics: $2.73B total volume •Mexico surplus: $767.28M
Mexico → Peru
$1.75B
Exports (2023)
Peru → Mexico
$980.53M
Imports (2023)
Trade Balance
$767.28M
Surplus for Mexico
Total Trade
$2.73B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Mexico and Peru. Green line shows exports from Mexico, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Mexico-Peru commercial relationship and competitive positioning in global markets.
Mexico → Peru Exports
Export Market Intelligence
🎯 Strategic Export Focus
Mexico's export portfolio to Peru demonstrates strategic specialization, with reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen representing a key competitive advantage in this bilateral market.
Peru → Mexico Imports
Import Dependency Profile
📦 Import Strategy Analysis
Mexico's import pattern from Peru reveals significant dependencyin fruit, edible: grapes, fresh, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Mexico demonstrates competitive strength in exportingreception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen to Peru, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.73B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Mexico-Peru Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.73 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Mexico maintains a surplus of $767.28 million
- Export Focus: Mexico's primary exports include reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen, units of automatic data processing machines: processing units other than those of item no. 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units, tractors: road, for semi-trailers
- Import Dependencies: Key imports from Peru include fruit, edible: grapes, fresh, copper: refined, unwrought, cathodes and sections of cathodes, spices: fruits of the genus capsicum or pimenta, dried, neither crushed nor ground
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 $2.73B 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 Mexico leveraging its comparative advantages in reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen.
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
Mexico's specialization in reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screencomplements Peru's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in fruit, edible: grapes, fresh.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.73B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.73B 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 $2.73 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen and fruit, edible: grapes, fresh demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Mexico's trade surplus of $767.28 million strengthens 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 Mexico and Peru represents a total trade volume of $2.73 billion in 2023. This partnership demonstrates a favorable trade balance for Mexico, with exports exceeding importsby $767.28 million.
Export Strengths
Mexico's exports to Peru total $1.75 billion, with competitive advantages in reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen, representing $135.90M or7.8% of bilateral exports.
Import Dependencies
Imports from Peru amount to $980.53 million, highlighting economic interdependence in fruit, edible: grapes, fresh, with Fruit, edible: grapes, fresh comprising13.3% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Mexico's competitive position in this bilateral relationship. 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 Mexico and Peru in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023