Peru (PER) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Peru-Austria Trade: In 2022, Peru exported $61.6M to Austria. The main products that Peru exported to Austria were Raw Zinc ($44.1M), Raw Tin ($12.8M), and Other Processed Vegetables ($1.27M). Over the past 5 years the exports of Peru to Austria have decreased at an annualized rate of 4.61%, from $78M in 2017 to $61.6M in 2022.

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

Austria-Peru Trade: In 2022, Austria exported $97.1M to Peru. The main products that Austria exported to Peru were Rubberworking Machinery ($11.7M), Vaccines, blood, antisera, toxins and cultures ($9.66M), and Packaged Medicaments ($5.3M). Over the past 5 years the exports of Austria to Peru have increased at an annualized rate of 1.66%, from $88M in 2017 to $97.1M in 2022.

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

Comparison: In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $61.6M to Austria. The main products exported from Peru to Austria were Raw Zinc ($44.1M), Raw Tin ($12.8M), and Other Processed Vegetables ($1.27M). During the last 5 years the exports of Peru to Austria have decreased at an annualized rate of 4.61%, from $78M in 2017 to $61.6M in 2022.

In 2017, Austria exported $97.1M to Peru. The main products exported from Austria to Peru were Rubberworking Machinery ($11.7M), Vaccines, blood, antisera, toxins and cultures ($9.66M), and Packaged Medicaments ($5.3M). During the last 5 years the exports of Austria to Peru have increased at an annualized rate of 1.66%, from $88M in 2022 to $97.1M in 2017.

Exports from Peru () to Austria () (2022)

Exports from Austria () to Peru () (2022)

Latest Data

Trade between Peru () and Austria ()

Peru Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Austria
Top DestinationGermany$57.7B

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

In 2022, countries that imported more from Peru than Austria included China ($17.6B), Chile ($1.85B), and Ecuador ($1.28B).

In 2022, countries that imported more from Austria than Peru included Germany ($57.7B), Italy ($13.6B), and Hungary ($10.4B).

Difference in imports from Austria () and Peru () (2022)

Comparative Advantage Peru - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Austria in the exports of Metals ($57.1M), Foodstuffs ($1.67M), and Textiles ($1.2M).

During 2017, Austria had a large net trade with Peru in the exports of Machines ($36.1M), Chemical Products ($19.8M), and Metals ($10.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Austria+$1.03MOther Processed Vegetables

Top Product Potential Austria Peru+$8.54MVaccines, blood, antisera, toxins and cultures

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Austria () (2022)

Exports from Austria () to Peru () (2022)

Latest Data

Trade between Peru () and Austria ()

Peru Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and Peru () (2022)

Comparative Advantage Peru - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Peru () and Austria () (2022)

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