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2022
Flag → Flag
Exports $1.26BRnk 69 / 223
2022
Flag → Flag
Top Product $237MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $1BRnk 15 / 180
2022
Flag → Flag
Top Product $278MCopper Ore
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
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GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
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GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Germany-Peru Trade: In 2022, Germany exported $1.26B to Peru. The main products that Germany exported to Peru were Vaccines, blood, antisera, toxins and cultures ($237M), Cars ($43.9M), and Packaged Medicaments ($42.7M). Over the past 5 years the exports of Germany to Peru have increased at an annualized rate of 4.36%, from $1.02B in 2017 to $1.26B in 2022.

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

Peru-Germany Trade: In 2022, Peru exported $1B to Germany. The main products that Peru exported to Germany were Copper Ore ($278M), Coffee ($251M), and Animal Meal and Pellets ($96.3M). Over the past 5 years the exports of Peru to Germany have increased at an annualized rate of 1.07%,  from $952M in 2017 to $1B in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €88.7M and imported €139M from Peru, resulting in a negative trade balance of €50.7M. Between July 2023 and July 2024 the exports of Germany have increased by €2.89M (3.37%) from €85.9M to €88.7M, while imports increased by €46.1M (49.4%) from €93.4M to €139M.

Trade In July 2024, the top exports of Germany to Peru were Pharmaceutical products (€47.5M), Other machinery (€6.23M), Machinery for electricity production, distribution (€5.03M), Other chemical final products (€4.3M), and Lorries and special purpose motor vehicles (€3.86M). In July 2024 the top imports of Germany from Peru were Fresh fruit, excl. tropical and subtropical... (€28.2M), Coffee (€23.8M), Tropical and subtropical fruits (€9.41M), Apparel of knitted or crocheted fabrics... (€3.94M), and Tin and tin alloys, incl. waste,... (€2.55M).

Origins In July 2024 the exports of Germany were mainly from North Rhine-Westphalia (€14.1M), Baden-Württemberg (€13.7M), Bavaria (€11.3M), Rhineland-Pfalz (€7.13M), and Lower Saxony (€4.66M), while imports destinations were mainly Hamburg (€66.3M), Lower Saxony (€15.8M), North Rhine-Westphalia (€13.4M), Bavaria (€12.7M), and Baden-Württemberg (€7.2M).

Growth In July 2024, the increase in Germany's year-by-year exports to Peru was explained primarily by an increase in product exports in Pharmaceutical products (€42.5M or 833%), Other machinery (€4.03M or 183%), and Lorries and special purpose motor vehicles (€3.69M or 2.15k%). In July 2024, the increase in Germany's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Fresh fruit, excl. tropical and subtropical... (€5.73M or 25.5%), Semi-finished products of other base metals (€1.29M or 314%), and Other ores and ashes of metals (€661k or 70.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€2.89M(3.37%)
IMPORT GROWTH (July 2023 - July 2024)€46.1M(49.4%)
MAIN EXPORTER (July 2024)North Rhine-Westphalia€14.1M

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $1.26B to Peru. The main products exported from Germany to Peru were Vaccines, blood, antisera, toxins and cultures ($237M), Cars ($43.9M), and Packaged Medicaments ($42.7M). During the last 5 years the exports of Germany to Peru have increased at an annualized rate of 4.36%, from $1.02B in 2017 to $1.26B in 2022.

In 2017, Peru exported $1B to Germany. The main products exported from Peru to Germany were Copper Ore ($278M), Coffee ($251M), and Animal Meal and Pellets ($96.3M). During the last 5 years the exports of Peru to Germany have increased at an annualized rate of 1.07%, from $952M in 2022 to $1B in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Germany than Peru included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Peru than Germany included Ecuador ($1.28B), Bolivia ($813M), and Panama ($609M).

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

Comparative Advantage Germany - Peru

Flow
Scale

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

During 2022, Germany had a large net trade with Peru in the exports of Chemical Products ($431M), Machines ($321M), and Transportation ($112M).

During 2017, Peru had a large net trade with Germany in the exports of Mineral Products ($329M), Vegetable Products ($327M), and Foodstuffs ($152M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Peru+$53MCars
Top Product Potential Peru Germany+$65.3MCopper Ore

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 Germany and Peru. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Germany.

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

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