Peru (PER) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Peru-Spain Trade: In 2022, Peru exported $1.54B to Spain. The main products that Peru exported to Spain were Zinc Ore ($329M), Copper Ore ($208M), and Molluscs ($170M). Over the past 5 years the exports of Peru to Spain have decreased at an annualized rate of 3.93%, from $1.88B in 2017 to $1.54B in 2022.

In 2022, Peru did not export any services to Spain.

Spain-Peru Trade: In 2022, Spain exported $883M to Peru. The main products that Spain exported to Peru were Vaccines, blood, antisera, toxins and cultures ($36.3M), Particle Board ($35.9M), and Unglazed Ceramics ($25.1M). Over the past 5 years the exports of Spain to Peru have decreased at an annualized rate of 0.86%, from $1.07B in 2017 to $883M in 2022.

In 2022, Spain did not export any services to Peru.

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $1.54B to Spain. The main products exported from Peru to Spain were Zinc Ore ($329M), Copper Ore ($208M), and Molluscs ($170M). During the last 5 years the exports of Peru to Spain have decreased at an annualized rate of 3.93%, from $1.88B in 2017 to $1.54B in 2022.

In 2017, Spain exported $883M to Peru. The main products exported from Spain to Peru were Vaccines, blood, antisera, toxins and cultures ($36.3M), Particle Board ($35.9M), and Unglazed Ceramics ($25.1M). During the last 5 years the exports of Spain to Peru have decreased at an annualized rate of 0.86%, from $1.07B in 2022 to $883M in 2017.

Exports from Peru () to Spain () (2022)

Exports from Spain () to Peru () (2022)

Latest Data

Trade between Peru () and Spain ()

Peru Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Spain
Top DestinationFrance$65.2B

This map shows whether countries import more from Peru or Spain. Each country is colored based on the difference in imports they receive from Peru and Spain or the difference in the growth in imports.

In 2022, countries that imported more from Peru than Spain included China ($17.6B), Bolivia ($813M), and Ecuador ($1.28B).

In 2022, countries that imported more from Spain than Peru included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Peru () (2022)

Comparative Advantage Peru - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Peru and Spain by product, considering products traded by both, Peru and Spain.

During 2022, Peru had a large net trade with Spain in the exports of Mineral Products ($652M), Vegetable Products ($348M), and Animal Products ($205M).

During 2017, Spain had a large net trade with Peru in the exports of Chemical Products ($230M), Machines ($209M), and Metals ($64M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Spain+$96.5MPetroleum Gas

Top Product Potential Spain Peru+$16.7MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Peru and Spain. This means that a dot/product with the flag of Peru indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Peru.

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Spain () (2022)

Exports from Spain () to Peru () (2022)

Latest Data

Trade between Peru () and Spain ()

Peru Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Peru () (2022)

Comparative Advantage Peru - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Spain () (2022)

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