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40.3%CURRENT US$
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About

New Zealand-Peru Trade: In 2022, New Zealand exported $84M to Peru. The main products that New Zealand exported to Peru were Concentrated Milk ($33.1M), Butter ($32.4M), and Fermented Milk Products ($4.2M). Over the past 5 years the exports of New Zealand to Peru have decreased at an annualized rate of 0.97%, from $88.2M in 2017 to $84M in 2022.

In 2022, New Zealand did not export any services to Peru.

Peru-New Zealand Trade: In 2022, Peru exported $34.9M to New Zealand. The main products that Peru exported to New Zealand were Other Vegetable Oils ($6.38M), Fish Oil ($4.78M), and Coffee ($4.43M). Over the past 5 years the exports of Peru to New Zealand have increased at an annualized rate of 6.58%,  from $25.4M in 2017 to $34.9M in 2022.

In 2022, Peru did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $84M to Peru. The main products exported from New Zealand to Peru were Concentrated Milk ($33.1M), Butter ($32.4M), and Fermented Milk Products ($4.2M). During the last 5 years the exports of New Zealand to Peru have decreased at an annualized rate of 0.97%, from $88.2M in 2017 to $84M in 2022.

In 2017, Peru exported $34.9M to New Zealand. The main products exported from Peru to New Zealand were Other Vegetable Oils ($6.38M), Fish Oil ($4.78M), and Coffee ($4.43M). During the last 5 years the exports of Peru to New Zealand have increased at an annualized rate of 6.58%, from $25.4M in 2022 to $34.9M in 2017.

Exports from New Zealand (Flag) to Peru (Flag) (2022)

Exports from Peru (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Peru (Flag)

New Zealand Exports

Peru Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Peru
Top Destination
China$17.6B

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

In 2022, countries that imported more from New Zealand than Peru included Australia ($5.35B), Indonesia ($1.33B), and Singapore ($1.05B).

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

Difference in imports from Peru (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Peru

Flow
Scale

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

During 2022, New Zealand had a large net trade with Peru in the exports of Animal Products ($70.7M), Machines ($4.95M), and Instruments ($3.25M).

During 2017, Peru had a large net trade with New Zealand in the exports of Vegetable Products ($12.1M), Animal and Vegetable Bi-Products ($11.2M), and Mineral Products ($2.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Peru+$4.04MConcentrated Milk
Top Product Potential Peru New Zealand+$1.64MCoffee

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

Product Space of New Zealand (Flag) and Peru (Flag) (2022)

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