Viet Nam
↔
Peru

Viet Nam-Peru Bilateral Trade Analysis 2023

Complete trade statistics: $691.72M total volume •Viet Nam surplus: $691.72M

Viet Nam → Peru

$691.72M

Exports (2023)

Peru → Viet Nam

$0

Imports (2023)

Trade Balance

$691.72M

Surplus for Viet Nam

Total Trade

$691.72M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Viet Nam and Peru. Green line shows exports from Viet Nam, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Viet Nam-Peru commercial relationship and competitive positioning in global markets.

Viet Nam → Peru Exports

$691.72M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
32.0% top product
1Telephones for cellular networks or for other wireless networks
$221.56M
32.0% of exports
2Footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics
$39.41M
5.7% of exports
3Communication 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
$33.97M
4.9% of exports
4Footwear: (other than sportswear), with outer soles of rubber or plastics and uppers of textile materials
$32.72M
4.7% of exports
5Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials
$30.98M
4.5% of exports

🎯 Strategic Export Focus

Viet Nam's export portfolio to Peru demonstrates strategic specialization, with telephones for cellular networks or for other wireless networks representing a key competitive advantage in this bilateral market.

Peru → Viet Nam Imports

$0
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
Infinity% concentration
1Fruit, edible: grapes, fresh
$10.64M
Infinity% of imports
2Flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates
$7.30M
Infinity% of imports
3Molluscs: cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
$4.70M
Infinity% of imports
4Zinc: unwrought, (not alloyed), containing by weight less than 99.99% of zinc
$2.81M
Infinity% of imports
5Wood, tropical: other than dark red meranti, light red meranti and meranti bakau, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated
$2.64M
Infinity% of imports

📦 Import Strategy Analysis

Viet Nam'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

Viet Nam demonstrates competitive strength in exportingtelephones for cellular networks or for other wireless networks to Peru, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $691.72M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Viet Nam-Peru Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $691.72 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Viet Nam maintains a surplus of $691.72 million
  • Export Focus: Viet Nam's primary exports 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
  • Import Dependencies: Key imports from Peru 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

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 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 Viet Nam leveraging its comparative advantages in telephones for cellular networks or for other wireless networks.

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

1

Comparative Advantage

Viet Nam's specialization in telephones for cellular networks or for other wireless networkscomplements Peru's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in fruit, edible: grapes, fresh.

3

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 ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

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.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in telephones for cellular networks or for other wireless networks and fruit, edible: grapes, fresh demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Viet Nam's trade surplus of $691.72 million strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in footwear: n.e.c. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics present expansion opportunities.
Market Diversification
Beyond current focus on fruit, edible: grapes, fresh, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in telephones for cellular networks or for other wireless networks may affect future market positioning.

🎯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 Viet Nam and Peru represents a total trade volume of $691.72 million in 2023. This partnership demonstrates a favorable trade balance for Viet Nam, with exports exceeding importsby $691.72 million.

Export Strengths

Viet Nam's exports to Peru total $691.72 million, with competitive advantages in telephones for cellular networks or for other wireless networks, representing $221.56M or32.0% of bilateral exports.

Import Dependencies

Imports from Peru amount to $0.00, highlighting economic interdependence in fruit, edible: grapes, fresh, with Fruit, edible: grapes, fresh comprisingInfinity% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Viet Nam'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 Viet Nam and Peru in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023