Peru-Viet Nam Bilateral Trade Analysis 2023
Complete trade statistics: $691.72M total volume •Peru deficit: $691.72M
Peru → Viet Nam
$0
Exports (2023)
Viet Nam → Peru
$691.72M
Imports (2023)
Trade Balance
$691.72M
Deficit for Peru
Total Trade
$691.72M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Peru and Viet Nam. 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-Viet Nam commercial relationship and competitive positioning in global markets.
Peru → Viet Nam Exports
Export Market Intelligence
🎯 Strategic Export Focus
Peru's export portfolio to Viet Nam demonstrates strategic specialization, with fruit, edible: grapes, fresh representing a key competitive advantage in this bilateral market.
Viet Nam → Peru Imports
Import Dependency Profile
📦 Import Strategy Analysis
Peru's import pattern from Viet Nam reveals significant dependencyin telephones for cellular networks or for other wireless networks, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Peru demonstrates competitive strength in exportingfruit, edible: grapes, fresh to Viet Nam, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $691.72M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Peru-Viet Nam Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $691.72 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Peru maintains a deficit of $691.72 million
- Export Focus: Peru's primary exports include fruit, edible: grapes, fresh, flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates, molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
- Import Dependencies: Key imports from Viet Nam include telephones for cellular networks or for other wireless networks, footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
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 $691.72M 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 fruit, edible: grapes, fresh.
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 fruit, edible: grapes, freshcomplements Viet Nam's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in telephones for cellular networks or for other wireless networks.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $691.72M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $691.72M 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 $691.72 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in fruit, edible: grapes, fresh and telephones for cellular networks or for other wireless networks demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Peru's trade deficit of $691.72 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 Viet Nam represents a total trade volume of $691.72 million in 2023. This partnership demonstrates an unfavorable trade balance for Peru, with imports exceeding exportsby $691.72 million.
Export Strengths
Peru's exports to Viet Nam total $0.00, with competitive advantages in fruit, edible: grapes, fresh, representing $10.64M orInfinity% of bilateral exports.
Import Dependencies
Imports from Viet Nam amount to $691.72 million, highlighting economic interdependence in telephones for cellular networks or for other wireless networks, with Telephones for cellular networks or for other wireless networks comprising32.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Peru's strategic sourcing from Viet Nam. 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 Viet Nam in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023