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2023
Flag → Flag
Exports $42.7MRnk 78 / 211
2023
Flag → Flag
Top Product $5.8MPackaged Medicaments
2023
Flag → Flag
Exports $38MRnk 54 / 177
2023
Flag → Flag
Top Product $8.36MGrapes
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Portugal-Peru Trade: In 2023, Portugal exported $42.7M to Peru. The main products that Portugal exported to Peru were Packaged Medicaments ($5.8M), Textiles for technical uses ($2.39M), and Metal Molds ($1.92M). Over the past 5 years the exports of Portugal to Peru have decreased at an annualized rate of 2.98%, from $49.7M in 2018 to $42.7M in 2023.

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

Peru-Portugal Trade: In 2023, Peru exported $38M to Portugal. The main products that Peru exported to Portugal were Grapes ($8.36M), Molluscs ($8.08M), and Coffee ($4.51M). Over the past 5 years the exports of Peru to Portugal have decreased at an annualized rate of 6.96%,  from $54.5M in 2018 to $38M in 2023.

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

Comparison: In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €2.06M and imported €1.83M from Peru, resulting in a positive trade balance of €230k. Between November 2023 and November 2024 the exports of Portugal have increased by €208k (11.2%) from €1.85M to €2.06M, while imports decreased by €-75.8k (-3.98%) from €1.9M to €1.83M.

Trade In November 2024, the top exports of Portugal to Peru were Pharmaceutical products (€410k), Electrical machinery and electronics (€187k), Perfumery & cosmetics (€167k), Coated, covered, & laminated fabrics for... (€162k), and Machinery, mechanical appliances, & parts (€147k). In November 2024 the top imports of Portugal from Peru were Edible fruits, nuts & fruit peels (€1.77M), Preparations of vegetables, fruit, nuts or... (€1.04M), Fish, Crustaceans & Molluscs (€878k), Iron/Steel Articles (€472k), and Inorganic chemicals (€384k).

Growth In November 2024, the increase in Portugal's year-by-year exports to Peru was explained primarily by an increase in product exports in Pharmaceutical products (€307k or 299%), Perfumery & cosmetics (€150k or 880%), and Beverages, spirits, & vinegar (€69.2k or 97.3%). In November 2024, the decrease in Portugal's year-by-year imports  from Peru was explained primarily by an decrease in product imports  in Preparations of fish, crustacenas, & molluscs (€-586k or -93.6%), Edible fruits, nuts & fruit peels (€-493k or -21.8%), and Machinery, mechanical appliances, & parts (€-51.2k or -99.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€208k(11.2%)
IMPORT GROWTH (November 2023 - November 2024)€-75.8k(-3.98%)

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Portugal Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Portugal exported $42.7M to Peru. The main products exported from Portugal to Peru were Packaged Medicaments ($5.8M), Textiles for technical uses ($2.39M), and Metal Molds ($1.92M). During the last 5 years the exports of Portugal to Peru have decreased at an annualized rate of 2.98%, from $49.7M in 2018 to $42.7M in 2023.

In 2018, Peru exported $38M to Portugal. The main products exported from Peru to Portugal were Grapes ($8.36M), Molluscs ($8.08M), and Coffee ($4.51M). During the last 5 years the exports of Peru to Portugal have decreased at an annualized rate of 6.96%, from $54.5M in 2023 to $38M in 2018.

Exports from Portugal (Flag) to Peru (Flag) (2023)

Exports from Peru (Flag) to Portugal (Flag) (2023)

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Portugal than Peru included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Peru than Portugal included China ($22.5B), United States ($9.3B), and India ($2.62B).

Difference in imports from Peru (Flag) and Portugal (Flag) (2023)

Comparative Advantage Portugal - Peru

Flow
Scale

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

During 2023, Portugal had a large net trade with Peru in the exports of Machines ($11.8M), Chemical Products ($9.12M), and Textiles ($6.44M).

During 2018, Peru had a large net trade with Portugal in the exports of Vegetable Products ($16.1M), Animal Products ($8.9M), and Foodstuffs ($4.57M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Peru+$3.15MPackaged Medicaments
Top Product Potential Peru Portugal+$3.5MCoffee

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

Product Space of Portugal (Flag) and Peru (Flag) (2023)

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