NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $28.5MRnk 83 / 205
2023
Flag → Flag
Top Product $10.9MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $131MRnk 37 / 177
2023
Flag → Flag
Top Product $30.6MTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
Flag
GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Norway-Peru Trade: In 2023, Norway exported $28.5M to Peru. The main products that Norway exported to Peru were Mixed Mineral or Chemical Fertilizers ($10.9M), Interchangeable Tool Parts ($2.03M), and Compasses ($1.45M). Over the past 5 years the exports of Norway to Peru have increased at an annualized rate of 3.77%, from $23.7M in 2018 to $28.5M in 2023.

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

Peru-Norway Trade: In 2023, Peru exported $131M to Norway. The main products that Peru exported to Norway were Tropical Fruits ($30.6M), Animal Meal and Pellets ($26.1M), and Retail Wool or Animal Hair Yarn ($18.1M). Over the past 5 years the exports of Peru to Norway have decreased at an annualized rate of 3.54%,  from $188M in 2018 to $131M in 2023.

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

Comparison: In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

January, 2025

About

Overview In January 2025, Norway exported NOK16.6M and imported NOK248M from Peru, resulting in a negative trade balance of NOK232M. Between January 2024 and January 2025 the exports of Norway have increased by NOK7.97M (92.4%) from NOK8.62M to NOK16.6M, while imports increased by NOK153M (161%) from NOK95M to NOK248M.

Trade In January 2025, the top exports of Norway to Peru were Machinery specialized for particular industries (NOK3.84M), Manufactures of metals, n.e.s. (NOK1.17M), Dyeing, tanning and colouring materials (NOK758k), Organic chemicals (NOK746k), and Crude fertilizers, other than those of... (NOK567k). In January 2025 the top imports of Norway from Peru were Vegetables and fruit (NOK53.6M), Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK26.1M), Coffee, tea, cocoa, spices, and manufactures... (NOK12.8M), Fish (not marine mammals), crustaceans, molluscs... (NOK879k), and Crude animal and vegetable materials, n.e.s. (NOK543k).

Growth In January 2025, the increase in Norway's year-by-year exports to Peru was explained primarily by an increase in product exports in Machinery specialized for particular industries (NOK2.86M or 290%), Telecommunications and sound-recording and reproducing apparatus... (NOK304k or 2.17k%), and Office machines and automatic data-processing machines (NOK48k or 343%). In January 2025, the increase in Norway's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Fish (not marine mammals), crustaceans, molluscs... (NOK756k or 615%), Coffee, tea, cocoa, spices, and manufactures... (NOK755k or 6.29%), and Textile yarn, fabrics, made-up articles, n.e.s.,... (NOK664k or 2.61%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (January 2024 - January 2025)NOK7.97M(92.4%)
IMPORT GROWTH (January 2024 - January 2025)NOK153M(161%)

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

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

For full datasets download visit Bulk Download page.

Explore Peru and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Norway exported $28.5M to Peru. The main products exported from Norway to Peru were Mixed Mineral or Chemical Fertilizers ($10.9M), Interchangeable Tool Parts ($2.03M), and Compasses ($1.45M). During the last 5 years the exports of Norway to Peru have increased at an annualized rate of 3.77%, from $23.7M in 2018 to $28.5M in 2023.

In 2018, Peru exported $131M to Norway. The main products exported from Peru to Norway were Tropical Fruits ($30.6M), Animal Meal and Pellets ($26.1M), and Retail Wool or Animal Hair Yarn ($18.1M). During the last 5 years the exports of Peru to Norway have decreased at an annualized rate of 3.54%, from $188M in 2023 to $131M in 2018.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Norway than Peru included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Peru than Norway included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Norway - Peru

Flow
Scale

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

During 2023, Norway had a large net trade with Peru in the exports of Chemical Products ($13.2M), Machines ($7.32M), and Instruments ($2.84M).

During 2018, Peru had a large net trade with Norway in the exports of Vegetable Products ($60.4M), Foodstuffs ($27.3M), and Textiles ($22.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Peru+$1.88MNitrogenous Fertilizers
Top Product Potential Peru Norway+$2.94MCoffee

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Norway and Peru. This means that a dot/product with the flag of Norway indicates it has a comparative advantage over Peru. Similarly, a dot/product with the flag of Peru indicates it has a comparative advantage over Norway.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms