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Trade between Peru and South Korea

In 2024, Peru exported $2.3 billion to South Korea and imported $738 million. Peru ran a surplus of $1.5 billion with South Korea, compared with a surplus of $1.6 billion in 2019. South Korea was Peru’s 9th largest trading partner (2% of its trade), and Peru was South Korea’s 47th (0.2%).

Summary

Peru → South Korea
$2.3billion
South Korea → Peru
$738million
Peru’s balance
$1.5billion

Balance

Peru’s trade balance with South Korea

Trade between Peru and South Korea grew 8.4-fold since 1995

USD billions (current). Peru’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.3
  • Imports 0.7
  • Balance +1.5

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$124 million$234 million-$110 million
1996$169 million$243 million-$75 million
1997$105 million$268 million-$162 million
1998$54 million$333 million-$279 million
1999$73 million$251 million-$177 million
2000$136 million$229 million-$93 million
2001$119 million$265 million-$146 million
2002$190 million$231 million-$41 million
2003$186 million$275 million-$90 million
2004$259 million$294 million-$35 million
2005$249 million$349 million-$100 million
2006$619 million$399 million$219 million
2007$988 million$511 million$477 million
2008$750 million$798 million-$48 million
2009$872 million$657 million$215 million
2010$1 billion$1.5 billion-$483 million
2011$1.8 billion$1.5 billion$319 million
2012$1.6 billion$2.7 billion-$1.1 billion
2013$1.8 billion$2.5 billion-$704 million
2014$1.4 billion$1.5 billion-$97 million
2015$1.1 billion$2 billion-$904 million
2016$1.3 billion$1.3 billion$34 million
2017$2.2 billion$1 billion$1.1 billion
2018$2.5 billion$975 million$1.5 billion
2019$2.5 billion$971 million$1.6 billion
2020$2.7 billion$648 million$2 billion
2021$3.1 billion$968 million$2.2 billion
2022$2.7 billion$991 million$1.7 billion
2023$2.5 billion$838 million$1.7 billion
2024$2.3 billion$738 million$1.5 billion

What they sell each other

What Peru sells to South Korea

The top 10 headings in 2024, with their share of the total.

  1. Copper ore$578 million · 25.4%
    268 thousand tonnes · Peru’s destinations
  2. Natural gas and LPG$464 million · 20.4%
    1 million tonnes
  3. Lead ore$214 million · 9.4%
    96 thousand tonnes
  4. Zinc ore$157 million · 6.9%
    210 thousand tonnes · Peru’s destinations
  5. Refined petroleum$142 million · 6.2%
    175 thousand tonnes · Peru’s destinations
  6. Coal$71 million · 3.1%
    558 thousand tonnes · South Korea’s sources
  7. Precious metal ore$66 million · 2.9%
    14 thousand tonnes
  8. Unwrought tin$60 million · 2.7%
    2 thousand tonnes
  9. 9 thousand tonnes
  10. Molybdenum ore$52 million · 2.3%
    2 thousand tonnes

What South Korea sells to Peru

The top 10 headings in 2024, with their share of the total.

  1. Cars$89 million · 12.1%
    7 thousand tonnes · South Korea’s destinations
  2. Polypropylene$55 million · 7.4%
    45 thousand tonnes · South Korea’s destinations
  3. Bulldozers and excavators$51 million · 7%
    12 thousand tonnes · South Korea’s destinations
  4. Trucks$38 million · 5.1%
    4 thousand tonnes · South Korea’s destinations
  5. Polyethylene$33 million · 4.4%
    24 thousand tonnes · South Korea’s destinations
  6. Cement$31 million · 4.2%
    559 thousand tonnes
  7. Auto parts$27 million · 3.6%
    3 thousand tonnes · South Korea’s destinations
  8. Refined petroleum$18 million · 2.5%
    10 thousand tonnes · South Korea’s destinations
  9. Cyanides$17 million · 2.3%
    7 thousand tonnes
  10. Batteries$13 million · 1.7%
    4 thousand tonnes · South Korea’s destinations

How it travels

Estimated sea route from Callao to Busan.

The estimated sea route between Callao and Busan is 9,115 nautical miles (16,880 km) long: ≈ 21–27 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$2.9 billion · 97.4%
  2. Air$78 million · 2.6%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

South Korea was Peru’s 9th largest trading partner (2% of its trade), and Peru was South Korea’s 47th (0.2%).

South Korea in Peru’s trade
2.3%
South Korea’s rank among Peru’s partners
9th
Peru in South Korea’s trade
0.2%
Peru’s rank among South Korea’s partners
47th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.