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Pricing

2022
Flag → Flag
Exports $883MRnk 49 / 218
2022
Flag → Flag
Top Product $36.3MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $1.54BRnk 11 / 180
2022
Flag → Flag
Top Product $329MZinc Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.6Rnk 93 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH25.9%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH10%CURRENT US$
Rnk 116 / 186

About

Spain-Peru Trade: In 2022, Spain exported $883M to Peru. The main products that Spain exported to Peru were Vaccines, blood, antisera, toxins and cultures ($36.3M), Particle Board ($35.9M), and Unglazed Ceramics ($25.1M). Over the past 5 years the exports of Spain to Peru have decreased at an annualized rate of 3.74%, from $1.07B in 2017 to $883M in 2022.

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

Peru-Spain Trade: In 2022, Peru exported $1.54B to Spain. The main products that Peru exported to Spain were Zinc Ore ($329M), Copper Ore ($208M), and Molluscs ($170M). Over the past 5 years the exports of Peru to Spain have decreased at an annualized rate of 3.93%,  from $1.88B in 2017 to $1.54B in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €62.3M and imported €172M from Peru, resulting in a negative trade balance of €110M. Between August 2023 and August 2024 the exports of Spain have increased by €7.71M (14.1%) from €54.6M to €62.3M, while imports decreased by €-13.5M (-7.28%) from €185M to €172M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€13.5M), Madrid (€12.1M), Castellón (€3.96M), Granada (€2.79M), and Valencia (€2.66M), while imports destinations were mainly Málaga (€44.1M), Huelva (€23.8M), Barcelona (€19.4M), Asturias (€17.8M), and Valencia (€14.3M).

Growth In August 2024, the increase in Spain's year-by-year exports to Peru was explained primarily by an increase in product exports in Beauty Products (€1.43M or 138%), Video and Card Games (€1.13M or 558%), and Electrical Control Boards (€894k or 2.92k%). In August 2024, the decrease in Spain's year-by-year imports  from Peru was explained primarily by an decrease in product imports  in Zinc Ore (€-11.7M or -32.9%), Molluscs (€-2.7M or -18.3%), and Crustaceans (€-1.54M or -56.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€7.71M(14.1%)
IMPORT GROWTH (August 2023 - August 2024)€-13.5M(-7.28%)
MAIN EXPORTER (August 2024)Barcelona€13.5M

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 2022, Spain exported $883M to Peru. The main products exported from Spain to Peru were Vaccines, blood, antisera, toxins and cultures ($36.3M), Particle Board ($35.9M), and Unglazed Ceramics ($25.1M). During the last 5 years the exports of Spain to Peru have decreased at an annualized rate of 3.74%, from $1.07B in 2017 to $883M in 2022.

In 2017, Peru exported $1.54B to Spain. The main products exported from Peru to Spain were Zinc Ore ($329M), Copper Ore ($208M), and Molluscs ($170M). During the last 5 years the exports of Peru to Spain have decreased at an annualized rate of 3.93%, from $1.88B in 2022 to $1.54B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Peru
Top DestinationChina$17.6B

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 2022, countries that imported more from Spain than Peru included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Peru than Spain included China ($17.6B), Bolivia ($813M), and Ecuador ($1.28B).

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

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 2022, Spain had a large net trade with Peru in the exports of Chemical Products ($230M), Machines ($209M), and Metals ($64M).

During 2017, Peru had a large net trade with Spain in the exports of Mineral Products ($652M), Vegetable Products ($348M), and Animal Products ($205M).

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) (2022)

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