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2022
Flag → Flag
Exports $676MRnk 75 / 221
2022
Flag → Flag
Top Product $20.1MValves
2022
Flag → Flag
Exports $595MRnk 20 / 180
2022
Flag → Flag
Top Product $228MRefined Copper
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Italy-Peru Trade: In 2022, Italy exported $676M to Peru. The main products that Italy exported to Peru were Valves ($20.1M), Liquid Pumps ($18.3M), and Engine Parts ($18.1M). Over the past 5 years the exports of Italy to Peru have decreased at an annualized rate of 2.71%, from $776M in 2017 to $676M in 2022.

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

Peru-Italy Trade: In 2022, Peru exported $595M to Italy. The main products that Peru exported to Italy were Refined Copper ($228M), Lead Ore ($62.3M), and Coffee ($46.5M). Over the past 5 years the exports of Peru to Italy have increased at an annualized rate of 0.63%,  from $570M in 2017 to $595M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

March, 2024

About

Overview In March 2024, Italy exported €33.6M and imported €32.4M from Peru, resulting in a positive trade balance of €1.24M. Between March 2023 and March 2024 the exports of Italy have increased by €7.63M (29.3%) from €26M to €33.6M, while imports decreased by €-36.5M (-53%) from €68.9M to €32.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (March 2023 - March 2024)€7.63M(29.3%)
IMPORT GROWTH (March 2023 - March 2024)€-36.5M(-53%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Peru and Italy trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Italy Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $676M to Peru. The main products exported from Italy to Peru were Valves ($20.1M), Liquid Pumps ($18.3M), and Engine Parts ($18.1M). During the last 5 years the exports of Italy to Peru have decreased at an annualized rate of 2.71%, from $776M in 2017 to $676M in 2022.

In 2017, Peru exported $595M to Italy. The main products exported from Peru to Italy were Refined Copper ($228M), Lead Ore ($62.3M), and Coffee ($46.5M). During the last 5 years the exports of Peru to Italy have increased at an annualized rate of 0.63%, from $570M in 2022 to $595M in 2017.

Exports from Italy (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to Italy (Flag) (2022)

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Italy than Peru included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

In 2022, countries that imported more from Peru than Italy included Bolivia ($813M), Chile ($1.85B), and Ecuador ($1.28B).

Difference in imports from Peru (Flag) and Italy (Flag) (2022)

Comparative Advantage Italy - Peru

Flow
Scale

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

During 2022, Italy had a large net trade with Peru in the exports of Machines ($324M), Chemical Products ($61.9M), and Transportation ($42.7M).

During 2017, Peru had a large net trade with Italy in the exports of Metals ($276M), Vegetable Products ($87M), and Mineral Products ($70.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Peru+$18.2MRefined Petroleum
Top Product Potential Peru Italy+$17.6MCoffee

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

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

Product Space of Italy (Flag) and Peru (Flag) (2022)

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