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2022
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Exports $362MRnk 73 / 222
2022
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Top Product $163MVaccines, blood, antisera, toxins and cultures
2022
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Exports $514MRnk 21 / 180
2022
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Top Product $145MCoffee
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
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Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
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GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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 $49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 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

Belgium-Peru In 2022, Belgium exported $362M to Peru. The main products that Belgium exported to Peru are Vaccines, blood, antisera, toxins and cultures ($163M), Air Pumps ($12.8M), and Large Construction Vehicles ($9.82M). During the last 23 years the exports of Belgium to Peru have increased at an annualized rate of 7.17%, from $73.6M in 1999 to $362M in 2022.

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

Peru-Belgium In 2022, Peru exported $514M to Belgium. The main products that Peru exported to Belgium were Coffee ($145M), Raw Zinc ($129M), and Zinc Ore ($50.2M). During the last 23 years the exports of Peru to Belgium have increased at an annualized rate of 5.46%, from $151M in 1999 to $514M in 2022.

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

Comparison In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Latest Trends

January, 2024

About

Overview In January 2024, Belgium exported €9.84M and imported €13.2M from Peru, resulting in a negative trade balance of €3.39M. Between January 2023 and January 2024 the exports of Belgium have decreased by €-1.76M (-15.1%) from €11.6M to €9.84M, while imports decreased by €-5.47M (-29.2%) from €18.7M to €13.2M.

Trade In January 2024, the top exports of Belgium to Peru were Machinery, mechanical appliances, & parts (€2.65M), Pharmaceutical products (€1.7M), Preparations of vegetables, fruit, nuts or... (€1.02M), Cars, tractors, trucks & parts thereof. (€573k), and Iron & steel (€524k). In January 2024 the top imports of Belgium from Peru were Coffee, tea, mate & spices (€5.15M), Mineral fuels, mineral oils and products... (€4.25M), Edible fruits, nuts & fruit peels (€2.08M), Precious stones, metals, & pearls (€1.92M), and Edible vegetables, roots, & tubers (€1.22M).

Growth In January 2024, the decrease in Belgium's year-by-year exports to Peru was explained primarily by an decrease in product exports in Machinery, mechanical appliances, & parts (€-761k or -22.3%), Glass & glassware (€-493k or -64.3%), and Products of the milling industry (€-311k or -69.9%). In January 2024, the decrease in Belgium's year-by-year imports  from Peru was explained primarily by an decrease in product imports  in Coffee, tea, mate & spices (€-495k or -8.76%), Edible fruits, nuts & fruit peels (€-166k or -7.38%), and Cocoa & cocoa preparations (€-48.3k or -32.4%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-1.76M(-15.1%)
IMPORT GROWTH (January 2023 - January 2024)€-5.47M(-29.2%)

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $362M to Peru. The main products exported from Belgium to Peru were Vaccines, blood, antisera, toxins and cultures ($163M), Air Pumps ($12.8M), and Large Construction Vehicles ($9.82M). During the last 23 years the exports of Belgium to Peru have increased at an annualized rate of 7.17%, from $73.6M in 1999 to $362M in 2022.

In 2022, Peru exported $514M to Belgium. The main products exported from Peru to Belgium were Coffee ($145M), Raw Zinc ($129M), and Zinc Ore ($50.2M). During the last 23 years the exports of Peru to Belgium have increased at an annualized rate of 5.46%, from $151M in 1999 to $514M in 2022.

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

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

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
Peru
Top DestinationChina$17.6B

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

In 2021, countries that imported more from Belgium than Peru were Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2021, countries that imported more from Peru than Belgium were China ($17.6B), Chile ($1.85B), and Ecuador ($1.28B).

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

Comparative Advantage Belgium - Peru

Flow
Scale

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

During 2022, Belgium had a large net trade with Peru in the exports of Chemical Products ($212M), Machines ($53.5M), and Foodstuffs ($16.8M).

During 2022, Peru had a large net trade with Belgium in the exports of Vegetable Products ($202M), Metals ($136M), and Mineral Products ($89.9M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Belgium has comparative advantage over Peru. Similarly, the more yellow a dot/product is, the more Peru has comparative advantage over Belgium.

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

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