Peru (PER) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Peru-Italy Trade: In 2023, Peru exported $800M to Italy. The main products that Peru exported to Italy were Refined Copper ($491M), Prepared Wool or Animal Hair ($34.5M), and Coffee ($33.1M). Over the past 5 years the exports of Peru to Italy have increased at an annualized rate of 2.82%, from $697M in 2018 to $800M in 2023.

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

Italy-Peru Trade: In 2023, Italy exported $798M to Peru. The main products that Italy exported to Peru were Washing and Bottling Machines ($60.3M), Rubberworking Machinery ($32.9M), and Packaged Medicaments ($25.7M). Over the past 5 years the exports of Italy to Peru have increased at an annualized rate of 3.44%, from $674M in 2018 to $798M in 2023.

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

Comparison: In 2023, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $800M to Italy. The main products exported from Peru to Italy were Refined Copper ($491M), Prepared Wool or Animal Hair ($34.5M), and Coffee ($33.1M). During the last 5 years the exports of Peru to Italy have increased at an annualized rate of 2.82%, from $697M in 2018 to $800M in 2023.

In 2018, Italy exported $798M to Peru. The main products exported from Italy to Peru were Washing and Bottling Machines ($60.3M), Rubberworking Machinery ($32.9M), and Packaged Medicaments ($25.7M). During the last 5 years the exports of Italy to Peru have increased at an annualized rate of 3.44%, from $674M in 2023 to $798M in 2018.

Exports from Peru () to Italy () (2023)

Exports from Italy () to Peru () (2023)

Latest Data

Trade between Peru () and Italy ()

Peru Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Peru than Italy included China ($22.5B), Chile ($1.92B), and Bolivia ($543M).

In 2023, countries that imported more from Italy than Peru included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Peru - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Italy in the exports of Metals ($525M), Vegetable Products ($91.8M), and Foodstuffs ($55.9M).

During 2018, Italy had a large net trade with Peru in the exports of Machines ($453M), Chemical Products ($78.1M), and Metals ($46.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Italy+$17.6MCoffee

Top Product Potential Italy Peru+$18.2MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Italy () (2023)

Exports from Italy () to Peru () (2023)

Latest Data

Trade between Peru () and Italy ()

Peru Exports

Italy Exports

Market Competitiveness

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

Comparative Advantage Peru - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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