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2023
Flag → Flag
Exports $1.14BRnk 69 / 220
2023
Flag → Flag
Top Product $54MCars
2023
Flag → Flag
Exports $1.14BRnk 13 / 177
2023
Flag → Flag
Top Product $445MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
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GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
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GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Germany-Peru Trade: In 2023, Germany exported $1.14B to Peru. The main products that Germany exported to Peru were Cars ($54M), Packaged Medicaments ($51.4M), and Vaccines, blood, antisera, toxins and cultures ($42.9M). Over the past 5 years the exports of Germany to Peru have increased at an annualized rate of 1.21%, from $1.07B in 2018 to $1.14B in 2023.

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

Peru-Germany Trade: In 2023, Peru exported $1.14B to Germany. The main products that Peru exported to Germany were Copper Ore ($445M), Coffee ($154M), and Tropical Fruits ($81.4M). Over the past 5 years the exports of Peru to Germany have decreased at an annualized rate of 2.13%,  from $1.27B in 2018 to $1.14B in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). 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, Germany exported €97M and imported €163M from Peru, resulting in a negative trade balance of €66.2M. Between November 2023 and November 2024 the exports of Germany have increased by €7.96M (8.94%) from €89M to €97M, while imports increased by €66.8M (69.4%) from €96.3M to €163M.

Trade In November 2024, the top exports of Germany to Peru were Pharmaceutical products (€47.5M), Other machinery (€6.23M), Machinery for electricity production, distribution (€5.03M), Other chemical final products (€4.3M), and Lorries and special purpose motor vehicles (€3.86M). In November 2024 the top imports of Germany from Peru were Fresh fruit, excl. tropical and subtropical... (€28.2M), Coffee (€23.8M), Tropical and subtropical fruits (€9.41M), Apparel of knitted or crocheted fabrics... (€3.94M), and Tin and tin alloys, incl. waste,... (€2.55M).

Origins In November 2024 the exports of Germany were mainly from Baden-Württemberg (€15.5M), North Rhine-Westphalia (€14.3M), Bavaria (€10.9M), Lower Saxony (€8.12M), and Rhineland-Pfalz (€6.02M), while imports destinations were mainly Hamburg (€64.6M), North Rhine-Westphalia (€23.8M), Lower Saxony (€19.5M), Bavaria (€9.22M), and Bremen (€8.15M).

Growth In November 2024, the increase in Germany's year-by-year exports to Peru was explained primarily by an increase in product exports in Pharmaceutical products (€42.5M or 833%), Other machinery (€4.03M or 183%), and Lorries and special purpose motor vehicles (€3.69M or 2.15k%). In November 2024, the increase in Germany's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Fresh fruit, excl. tropical and subtropical... (€5.73M or 25.5%), Semi-finished products of other base metals (€1.29M or 314%), and Other ores and ashes of metals (€661k or 70.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€7.96M(8.94%)
IMPORT GROWTH (November 2023 - November 2024)€66.8M(69.4%)
MAIN EXPORTER (November 2024)Baden-Württemberg€15.5M

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $1.14B to Peru. The main products exported from Germany to Peru were Cars ($54M), Packaged Medicaments ($51.4M), and Vaccines, blood, antisera, toxins and cultures ($42.9M). During the last 5 years the exports of Germany to Peru have increased at an annualized rate of 1.21%, from $1.07B in 2018 to $1.14B in 2023.

In 2018, Peru exported $1.14B to Germany. The main products exported from Peru to Germany were Copper Ore ($445M), Coffee ($154M), and Tropical Fruits ($81.4M). During the last 5 years the exports of Peru to Germany have decreased at an annualized rate of 2.13%, from $1.27B in 2023 to $1.14B in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Germany than Peru included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Peru than Germany included Ecuador ($1.12B), Bolivia ($543M), and Namibia ($217M).

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

Comparative Advantage Germany - Peru

Flow
Scale

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

During 2023, Germany had a large net trade with Peru in the exports of Machines ($393M), Chemical Products ($247M), and Transportation ($135M).

During 2018, Peru had a large net trade with Germany in the exports of Mineral Products ($504M), Vegetable Products ($369M), and Foodstuffs ($90.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Peru+$53MCars
Top Product Potential Peru Germany+$65.3MCopper Ore

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

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

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