Finland (FIN) and Peru (PER) Trade | The Observatory of Economic Complexity

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Finland-Peru Trade: In 2023, Finland exported $114M to Peru. The main products that Finland exported to Peru were Stone Processing Machines ($7.92M), Other Construction Vehicles ($7.11M), and Centrifuges ($7.03M). Over the past 5 years the exports of Finland to Peru have decreased at an annualized rate of 1.98%, from $126M in 2018 to $114M in 2023.

In 2023, Finland did not export any services to Peru.

Peru-Finland Trade: In 2023, Peru exported $253M to Finland. The main products that Peru exported to Finland were Copper Ore ($201M), Zinc Ore ($21.9M), and Processed Crustaceans ($7.03M). Over the past 5 years the exports of Peru to Finland have increased at an annualized rate of 22.2%, from $62.2M in 2018 to $253M in 2023.

In 2023, Peru did not export any services to Finland.

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $114M to Peru. The main products exported from Finland to Peru were Stone Processing Machines ($7.92M), Other Construction Vehicles ($7.11M), and Centrifuges ($7.03M). During the last 5 years the exports of Finland to Peru have decreased at an annualized rate of 1.98%, from $126M in 2018 to $114M in 2023.

In 2018, Peru exported $253M to Finland. The main products exported from Peru to Finland were Copper Ore ($201M), Zinc Ore ($21.9M), and Processed Crustaceans ($7.03M). During the last 5 years the exports of Peru to Finland have increased at an annualized rate of 22.2%, from $62.2M in 2023 to $253M in 2018.

Exports from Finland () to Peru () (2023)

Exports from Peru () to Finland () (2023)

Latest Data

Trade between Finland () and Peru ()

Finland Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Finland than Peru included Germany ($9.26B), Sweden ($8.13B), and Netherlands ($5.51B).

In 2023, countries that imported more from Peru than Finland included China ($22.5B), Canada ($3.24B), and India ($2.62B).

Difference in imports from Peru () and Finland () (2023)

Comparative Advantage Finland - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Peru in the exports of Machines ($61.5M), Chemical Products ($16M), and Paper Goods ($13.7M).

During 2018, Peru had a large net trade with Finland in the exports of Mineral Products ($224M), Vegetable Products ($13.2M), and Foodstuffs ($7.87M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Finland Peru+$2.59MKaolin Coated Paper

Top Product Potential Peru Finland+$9.67MCopper 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Finland () to Peru () (2023)

Exports from Peru () to Finland () (2023)

Latest Data

Trade between Finland () and Peru ()

Finland Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and Finland () (2023)

Comparative Advantage Finland - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Peru () (2023)

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