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Pricing

2022
Flag → Flag
Exports $362MRnk 73 / 222
2022
Flag → Flag
Top Product $163MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $514MRnk 21 / 180
2022
Flag → Flag
Top Product $145MCoffee
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
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
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
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 Trade: In 2022, Belgium exported $362M to Peru. The main products that Belgium exported to Peru were Vaccines, blood, antisera, toxins and cultures ($163M), Air Pumps ($12.8M), and Large Construction Vehicles ($9.82M). Over the past 5 years the exports of Belgium to Peru have increased at an annualized rate of 14.3%, from $185M in 2017 to $362M in 2022.

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

Peru-Belgium Trade: 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). Over the past 5 years the exports of Peru to Belgium have increased at an annualized rate of 0.043%,  from $513M in 2017 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

August, 2024

About

Overview In August 2024, Belgium exported €46.1M and imported €18.6M from Peru, resulting in a positive trade balance of €27.5M. Between August 2023 and August 2024 the exports of Belgium have increased by €27.9M (153%) from €18.2M to €46.1M, while imports increased by €5.31M (40%) from €13.3M to €18.6M.

Trade In August 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 August 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 August 2024, the increase in Belgium's year-by-year exports to Peru was explained primarily by an increase in product exports in Pharmaceutical products (€1.44M or 558%), Preparations of vegetables, fruit, nuts or... (€750k or 280%), and Iron & steel (€500k or 2.11k%). In August 2024, the increase in Belgium's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Mineral fuels, mineral oils and products... (€4.25M or 2.03M%), Precious stones, metals, & pearls (€1.91M or 22.2k%), and Zinc articles (€672k or 197k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€27.9M(153%)
IMPORT GROWTH (August 2023 - August 2024)€5.31M(40%)

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.

Explore Peru and Belgium Data

Go to Bulk Download

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 5 years the exports of Belgium to Peru have increased at an annualized rate of 14.3%, from $185M in 2017 to $362M in 2022.

In 2017, 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 5 years the exports of Peru to Belgium have increased at an annualized rate of 0.043%, from $513M in 2022 to $514M in 2017.

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 2022, countries that imported more from Belgium than Peru included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from Peru than Belgium included 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 2017, Peru had a large net trade with Belgium in the exports of Vegetable Products ($202M), Metals ($136M), and Mineral Products ($89.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium Peru+$23MVaccines, blood, antisera, toxins and cultures
Top Product Potential Peru Belgium+$8.17MGold

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

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

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