Peru-Colombia Bilateral Trade Analysis 2023
Complete trade statistics: $2.02B total volume •Peru deficit: $357.08M
Peru → Colombia
$829.83M
Exports (2023)
Colombia → Peru
$1.19B
Imports (2023)
Trade Balance
$357.08M
Deficit for Peru
Total Trade
$2.02B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Peru and Colombia. Green line shows exports from Peru, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Peru-Colombia commercial relationship and competitive positioning in global markets.
Peru → Colombia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Peru's export portfolio to Colombia demonstrates strategic specialization, with copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm representing a key competitive advantage in this bilateral market.
Colombia → Peru Imports
Import Dependency Profile
📦 Import Strategy Analysis
Peru's import pattern from Colombia reveals strategic sourcingin oils: petroleum oils and oils obtained from bituminous minerals, crude, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Peru demonstrates competitive strength in exportingcopper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm to Colombia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.02B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Peru-Colombia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.02 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Peru maintains a deficit of $357.08 million
- Export Focus: Peru's primary exports include copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, vegetable oils: palm oil and its fractions, crude, not chemically modified
- Import Dependencies: Key imports from Colombia include oils: petroleum oils and oils obtained from bituminous minerals, crude, coal: bituminous, whether or not pulverised, but not agglomerated, washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale
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 $2.02B 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 Peru leveraging its comparative advantages in copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm.
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
Peru's specialization in copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mmcomplements Colombia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in oils: petroleum oils and oils obtained from bituminous minerals, crude.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.02B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.02B 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 $2.02 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm and oils: petroleum oils and oils obtained from bituminous minerals, crude demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Peru's trade deficit of $357.08 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 Peru and Colombia represents a total trade volume of $2.02 billion in 2023. This partnership demonstrates an unfavorable trade balance for Peru, with imports exceeding exportsby $357.08 million.
Export Strengths
Peru's exports to Colombia total $829.83 million, with competitive advantages in copper: wire, of refined copper, of which the maximum cross-sectional dimension exceeds 6mm, representing $144.76M or17.4% of bilateral exports.
Import Dependencies
Imports from Colombia amount to $1.19 billion, highlighting economic interdependence in oils: petroleum oils and oils obtained from bituminous minerals, crude, with Oils: petroleum oils and oils obtained from bituminous minerals, crude comprising10.9% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Peru's strategic sourcing from Colombia. 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 Peru and Colombia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023