Peru (PER) and Norway (NOR) Trade | The Observatory of Economic Complexity

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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 6.96%, from $188M in 2018 to $131M in 2023.

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

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.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 6.96%, from $188M in 2018 to $131M in 2023.

In 2018, 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 2023 to $28.5M in 2018.

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

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

Latest Data

Trade between Peru () and Norway ()

Peru Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Norway
Top DestinationGermany$33.8B

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

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

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

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

Comparative Advantage Peru - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Norway in the exports of Vegetable Products ($60.4M), Foodstuffs ($27.3M), and Textiles ($22.5M).

During 2018, Norway had a large net trade with Peru in the exports of Chemical Products ($13.2M), Machines ($7.32M), and Instruments ($2.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Norway+$2.94MCoffee

Top Product Potential Norway Peru+$1.88MNitrogenous Fertilizers

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Peru () and Norway ()

Peru Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Peru - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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