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2023
Flag → Flag
Exports $809MRnk 56 / 220
2023
Flag → Flag
Top Product $31.9MParticle Board
2023
Flag → Flag
Exports $1.94BRnk 8 / 177
2023
Flag → Flag
Top Product $537MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
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GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Spain-Peru Trade: In 2023, Spain exported $809M to Peru. The main products that Spain exported to Peru were Particle Board ($31.9M), Beauty Products ($29.8M), and Lifting Machinery ($28.3M). Over the past 5 years the exports of Spain to Peru have decreased at an annualized rate of 3.3%, from $956M in 2018 to $809M in 2023.

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

Peru-Spain Trade: In 2023, Peru exported $1.94B to Spain. The main products that Peru exported to Spain were Copper Ore ($537M), Tropical Fruits ($283M), and Zinc Ore ($216M). Over the past 5 years the exports of Peru to Spain have decreased at an annualized rate of 1.18%,  from $2.05B in 2018 to $1.94B in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). 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, Spain exported €54.4M and imported €142M from Peru, resulting in a negative trade balance of €87.2M. Between November 2023 and November 2024 the exports of Spain have decreased by €-6.54M (-10.7%) from €60.9M to €54.4M, while imports increased by €5.39M (3.95%) from €136M to €142M.

Trade In November 2024, the top exports of Spain to Peru were Beauty Products (€2.46M), Particle Board (€2.31M), Video and Card Games (€1.34M), Unglazed Ceramics (€1.26M), and Rubber Tires (€1.19M). In November 2024 the top imports of Spain from Peru were Copper Ore (€47.6M), Zinc Ore (€23.9M), Other Processed Vegetables (€17.7M), Molluscs (€12.1M), and Raw Tin (€11.8M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€14.1M), Madrid (€7.81M), Valencia (€3.5M), Castellón (€2.56M), and Vizcaya (€2.46M), while imports destinations were mainly Huelva (€48.2M), Barcelona (€15.3M), Valencia (€13.1M), Madrid (€12.9M), and Vizcaya (€8.07M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Peru was explained primarily by an decrease in product exports in Particle Board (€-1.37M or -37.2%), Unglazed Ceramics (€-1.06M or -45.6%), and Locomotive Parts (€-887k or -97.5%). In November 2024, the increase in Spain's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Other Processed Vegetables (€4.53M or 34.4%), Raw Tin (€2.08M or 21.4%), and Copper Ore (€1.32M or 2.86%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-6.54M(-10.7%)
IMPORT GROWTH (November 2023 - November 2024)€5.39M(3.95%)
MAIN EXPORTER (November 2024)Barcelona€14.1M

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $809M to Peru. The main products exported from Spain to Peru were Particle Board ($31.9M), Beauty Products ($29.8M), and Lifting Machinery ($28.3M). During the last 5 years the exports of Spain to Peru have decreased at an annualized rate of 3.3%, from $956M in 2018 to $809M in 2023.

In 2018, Peru exported $1.94B to Spain. The main products exported from Peru to Spain were Copper Ore ($537M), Tropical Fruits ($283M), and Zinc Ore ($216M). During the last 5 years the exports of Peru to Spain have decreased at an annualized rate of 1.18%, from $2.05B in 2023 to $1.94B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Spain than Peru included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Peru than Spain included China ($22.5B), Canada ($3.24B), and South Korea ($2.34B).

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

Comparative Advantage Spain - Peru

Flow
Scale

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

During 2023, Spain had a large net trade with Peru in the exports of Machines ($227M), Chemical Products ($196M), and Metals ($53.8M).

During 2018, Peru had a large net trade with Spain in the exports of Mineral Products ($950M), Vegetable Products ($533M), and Foodstuffs ($185M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Peru+$16.7MRefined Petroleum
Top Product Potential Peru Spain+$96.5MPetroleum Gas

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

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

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