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2022
Flag → Flag
Exports $41.3MRnk 79 / 209
2022
Flag → Flag
Top Product $11.6MMixed Mineral or Chemical Fertilizers
2022
Flag → Flag
Exports $208MRnk 26 / 180
2022
Flag → Flag
Top Product $97.7MAnimal Meal and Pellets
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Peru Trade: In 2022, Norway exported $41.3M to Peru. The main products that Norway exported to Peru were Mixed Mineral or Chemical Fertilizers ($11.6M), Fishing Ships ($7.02M), and Nitrogenous Fertilizers ($3.49M). Over the past 5 years the exports of Norway to Peru have increased at an annualized rate of 7.21%, from $29.1M in 2017 to $41.3M in 2022.

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

Peru-Norway Trade: In 2022, Peru exported $208M to Norway. The main products that Peru exported to Norway were Animal Meal and Pellets ($97.7M), Fish Oil ($38.5M), and Tropical Fruits ($29.2M). Over the past 5 years the exports of Peru to Norway have increased at an annualized rate of 17.8%,  from $91.8M in 2017 to $208M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK12.6M and imported NOK279M from Peru, resulting in a negative trade balance of NOK266M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-12.9M (-50.6%) from NOK25.5M to NOK12.6M, while imports increased by NOK103M (58.8%) from NOK176M to NOK279M.

Trade In October 2024, the top exports of Norway to Peru were Chemical materials and products, n.e.s. (NOK54.6M), Manufactures of metals, n.e.s. (NOK1.47M), Machinery specialized for particular industries (NOK984k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK942k), and Professional, scientific and controlling instruments and... (NOK709k). In October 2024 the top imports of Norway from Peru were Vegetables and fruit (NOK69.4M), Animal oils and fats (NOK60.2M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK25.4M), Feeding stuff for animals (not including... (NOK21.4M), and Coffee, tea, cocoa, spices, and manufactures... (NOK12M).

Growth In October 2024, the decrease in Norway's year-by-year exports to Peru was explained primarily by an decrease in product exports in Professional, scientific and controlling instruments and... (NOK-1.65M or -69.9%), Organic chemicals (NOK-1.01M or -100%), and Plastics in primary forms (NOK-736k or -100%). In October 2024, the increase in Norway's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Animal oils and fats (NOK26.2M or 77%), Vegetables and fruit (NOK21.8M or 45.8%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK8.19M or 47.5%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-12.9M(-50.6%)
IMPORT GROWTH (October 2023 - October 2024)NOK103M(58.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $41.3M to Peru. The main products exported from Norway to Peru were Mixed Mineral or Chemical Fertilizers ($11.6M), Fishing Ships ($7.02M), and Nitrogenous Fertilizers ($3.49M). During the last 5 years the exports of Norway to Peru have increased at an annualized rate of 7.21%, from $29.1M in 2017 to $41.3M in 2022.

In 2017, Peru exported $208M to Norway. The main products exported from Peru to Norway were Animal Meal and Pellets ($97.7M), Fish Oil ($38.5M), and Tropical Fruits ($29.2M). During the last 5 years the exports of Peru to Norway have increased at an annualized rate of 17.8%, from $91.8M in 2022 to $208M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Norway than Peru included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Peru than Norway included China ($17.6B), United States ($8.69B), and Canada ($2.69B).

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

Comparative Advantage Norway - Peru

Flow
Scale

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

During 2022, Norway had a large net trade with Peru in the exports of Chemical Products ($17.1M), Transportation ($8.8M), and Machines ($4.4M).

During 2017, Peru had a large net trade with Norway in the exports of Foodstuffs ($98.8M), Vegetable Products ($55.1M), and Animal and Vegetable Bi-Products ($38.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Peru+$1.88MNitrogenous Fertilizers
Top Product Potential Peru Norway+$2.94MCoffee

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

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

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