🇵🇪 Peru vs 🇨🇴 Colombia Tariffs — Import Duty Comparison (2026)

🇵🇪

Peru

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Peru TPA

Trade Volume$18B

Base Effective Rate10%

🇨🇴

Colombia

Section 122 Rate10%

Section 301N/A

Section 232 (Metals)50%

Trade AgreementUS-Colombia TPA

Trade Volume$36B

Base Effective Rate10%

Product Overlap

Both countries export these product categories to the US:

GoldCrude oilCoffee

🇵🇪 Peru Advantages

+Unique export categories: Copper, Zinc, Asparagus

🇨🇴 Colombia Advantages

+Higher US trade volume ($36B vs $18B)
+Unique export categories: Cut flowers, Coal, Bananas

Peru and Colombia are both significant US trading partners, but their tariff profiles differ in important ways that affect import costs.

Both countries face the same base tariff rate of 10% on most goods entering the United States.

Both countries export Gold, Crude oil, Coffee to the United States, creating direct competition in these sectors.

In terms of trade volume, Peru accounts for approximately $18B in bilateral trade with the US, compared to Colombia's $36B.

Both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026, following the Supreme Court's ruling striking down IEEPA tariffs. This rate expires approximately July 24, 2026 unless Congress extends it.

Peru's advantages include: Unique export categories: Copper, Zinc, Asparagus. Colombia's advantages include: Higher US trade volume ($36B vs $18B); Unique export categories: Cut flowers, Coal, Bananas.

With equivalent base tariff rates, the choice between Peru and Colombia depends primarily on product-specific duties, shipping costs, lead times, and supply chain considerations rather than the base tariff rate.

Frequently Asked Questions

Which has lower tariffs — Peru or Colombia?

Both countries face the same base Section 122 tariff of 10%. The difference comes from product-specific duties, Section 301 (China only), and Section 232 (metals).

Should I switch sourcing from Peru to Colombia?

The decision depends on more than tariff rates. Consider total landed cost (shipping, insurance, customs fees), lead times, quality standards, minimum order quantities, and supply chain reliability. With equivalent base rates, focus on non-tariff factors.

Do both Peru and Colombia face the same Section 122 tariff?

Yes, both countries are subject to the 10% Section 122 tariff imposed on February 24, 2026. This flat rate replaced the variable IEEPA tariffs struck down by the Supreme Court. It expires approximately July 24, 2026.

What products overlap between Peru and Colombia exports to the US?

Both countries export Gold, Crude oil, Coffee to the US. Peru has total bilateral trade of ~$18B while Colombia has ~$36B.