Peru (PER) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Peru-Iceland Trade: In 2022, Peru exported $8.45M to Iceland. The main products that Peru exported to Iceland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.83M), Other Fruits ($1.74M), and Tropical Fruits ($1.36M). Over the past 5 years the exports of Peru to Iceland have decreased at an annualized rate of 8.7%, from $13.3M in 2017 to $8.45M in 2022.

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

Iceland-Peru Trade: In 2022, Iceland exported $396k to Peru. The main products that Iceland exported to Peru were Scales ($140k), Washing and Bottling Machines ($122k), and Orthopedic Appliances ($95.1k). Over the past 5 years the exports of Iceland to Peru have decreased at an annualized rate of 14.1%, from $845k in 2017 to $396k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $8.45M to Iceland. The main products exported from Peru to Iceland were Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($1.83M), Other Fruits ($1.74M), and Tropical Fruits ($1.36M). During the last 5 years the exports of Peru to Iceland have decreased at an annualized rate of 8.7%, from $13.3M in 2017 to $8.45M in 2022.

In 2017, Iceland exported $396k to Peru. The main products exported from Iceland to Peru were Scales ($140k), Washing and Bottling Machines ($122k), and Orthopedic Appliances ($95.1k). During the last 5 years the exports of Iceland to Peru have decreased at an annualized rate of 14.1%, from $845k in 2022 to $396k in 2017.

Exports from Peru () to Iceland () (2022)

Exports from Iceland () to Peru () (2022)

Latest Data

Trade between Peru () and Iceland ()

Peru Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Peru than Iceland included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Iceland than Peru included Norway ($459M), Netherlands ($1.97B), and Poland ($367M).

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

Comparative Advantage Peru - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Iceland in the exports of Vegetable Products ($4.32M), Textiles ($2.36M), and Animal and Vegetable Bi-Products ($1.24M).

During 2017, Iceland had a large net trade with Peru in the exports of Machines ($278k), Instruments ($102k), and Plastics and Rubbers ($7.76k).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Iceland () (2022)

Exports from Iceland () to Peru () (2022)

Latest Data

Trade between Peru () and Iceland ()

Peru Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Peru - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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