Peru (PER) and Belgium (BEL) Trade | The Observatory of Economic Complexity

About

Peru-Belgium Trade: In 2022, Peru exported $514M to Belgium. The main products that Peru exported to Belgium were Coffee ($145M), Raw Zinc ($129M), and Zinc Ore ($50.2M). Over the past 5 years the exports of Peru to Belgium have increased at an annualized rate of 0.051%, from $513M in 2017 to $514M in 2022.

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

Belgium-Peru Trade: In 2022, Belgium exported $362M to Peru. The main products that Belgium exported to Peru were Vaccines, blood, antisera, toxins and cultures ($163M), Air Pumps ($12.8M), and Large Construction Vehicles ($9.82M). Over the past 5 years the exports of Belgium to Peru have increased at an annualized rate of 14.3%, from $185M in 2017 to $362M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $514M to Belgium. The main products exported from Peru to Belgium were Coffee ($145M), Raw Zinc ($129M), and Zinc Ore ($50.2M). During the last 5 years the exports of Peru to Belgium have increased at an annualized rate of 0.051%, from $513M in 2017 to $514M in 2022.

In 2017, Belgium exported $362M to Peru. The main products exported from Belgium to Peru were Vaccines, blood, antisera, toxins and cultures ($163M), Air Pumps ($12.8M), and Large Construction Vehicles ($9.82M). During the last 5 years the exports of Belgium to Peru have increased at an annualized rate of 14.3%, from $185M in 2022 to $362M in 2017.

Exports from Peru () to Belgium () (2022)

Exports from Belgium () to Peru () (2022)

Latest Data

Trade between Peru () and Belgium ()

Peru Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Peru included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Peru - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Belgium in the exports of Vegetable Products ($202M), Metals ($136M), and Mineral Products ($89.9M).

During 2017, Belgium had a large net trade with Peru in the exports of Chemical Products ($212M), Machines ($53.5M), and Foodstuffs ($16.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Belgium+$8.17MGold

Top Product Potential Belgium Peru+$23MVaccines, 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.

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Belgium () (2022)

Exports from Belgium () to Peru () (2022)

Latest Data

Trade between Peru () and Belgium ()

Peru Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Peru - Belgium

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 Peru () and Belgium () (2022)

Keep Exploring