New Zealand (NZL) and Peru (PER) Trade | The Observatory of Economic Complexity

About

New Zealand-Peru Trade: In 2023, New Zealand exported $74.9M to Peru. The main products that New Zealand exported to Peru were Concentrated Milk ($31.5M), Butter ($21.7M), and Fermented Milk Products ($5.98M). Over the past 5 years the exports of New Zealand to Peru have decreased at an annualized rate of 10.9%, from $133M in 2018 to $74.9M in 2023.

In 2023, New Zealand did not export any services to Peru.

Peru-New Zealand Trade: In 2023, Peru exported $29.3M to New Zealand. The main products that Peru exported to New Zealand were Grapes ($5.06M), Coffee ($4.85M), and Other Vegetable Oils ($3.58M). Over the past 5 years the exports of Peru to New Zealand have decreased at an annualized rate of 3.36%, from $34.7M in 2018 to $29.3M in 2023.

In 2023, Peru did not export any services to New Zealand.

Comparison: In 2023, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). That same year, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, New Zealand exported $74.9M to Peru. The main products exported from New Zealand to Peru were Concentrated Milk ($31.5M), Butter ($21.7M), and Fermented Milk Products ($5.98M). During the last 5 years the exports of New Zealand to Peru have decreased at an annualized rate of 10.9%, from $133M in 2018 to $74.9M in 2023.

In 2018, Peru exported $29.3M to New Zealand. The main products exported from Peru to New Zealand were Grapes ($5.06M), Coffee ($4.85M), and Other Vegetable Oils ($3.58M). During the last 5 years the exports of Peru to New Zealand have decreased at an annualized rate of 3.36%, from $34.7M in 2023 to $29.3M in 2018.

Exports from New Zealand () to Peru () (2023)

Exports from Peru () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Peru ()

New Zealand Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

New Zealand
Top DestinationChina$12.3B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from New Zealand than Peru included Australia ($5.2B), Indonesia ($1.1B), and Chinese Taipei ($1.06B).

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

Difference in imports from Peru () and New Zealand () (2023)

Comparative Advantage New Zealand - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, New Zealand had a large net trade with Peru in the exports of Animal Products ($62M), Machines ($5.32M), and Instruments ($2.44M).

During 2018, Peru had a large net trade with New Zealand in the exports of Vegetable Products ($14.3M), Animal and Vegetable Bi-Products ($5.08M), and Foodstuffs ($3.69M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential New Zealand Peru+$4.04MConcentrated Milk

Top Product Potential Peru New Zealand+$1.64MCoffee

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from New Zealand () to Peru () (2023)

Exports from Peru () to New Zealand () (2023)

Latest Data

Trade between New Zealand () and Peru ()

New Zealand Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and New Zealand () (2023)

Comparative Advantage New Zealand - Peru

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of New Zealand () and Peru () (2023)

Keep Exploring