Peru (PER) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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Peru-Portugal Trade: In 2022, Peru exported $32.8M to Portugal. The main products that Peru exported to Portugal were Molluscs ($8.03M), Coffee ($5.34M), and Grapes ($3.99M). Over the past 5 years the exports of Peru to Portugal have increased at an annualized rate of 2.53%, from $28.9M in 2017 to $32.8M in 2022.

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

Portugal-Peru Trade: In 2022, Portugal exported $43.5M to Peru. The main products that Portugal exported to Peru were Insulated Wire ($4.34M), Packaged Medicaments ($3.39M), and Textiles for technical uses ($1.93M). Over the past 5 years the exports of Portugal to Peru have decreased at an annualized rate of 5.36%, from $57.3M in 2017 to $43.5M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Peru exported $32.8M to Portugal. The main products exported from Peru to Portugal were Molluscs ($8.03M), Coffee ($5.34M), and Grapes ($3.99M). During the last 5 years the exports of Peru to Portugal have increased at an annualized rate of 2.53%, from $28.9M in 2017 to $32.8M in 2022.

In 2017, Portugal exported $43.5M to Peru. The main products exported from Portugal to Peru were Insulated Wire ($4.34M), Packaged Medicaments ($3.39M), and Textiles for technical uses ($1.93M). During the last 5 years the exports of Portugal to Peru have decreased at an annualized rate of 5.36%, from $57.3M in 2022 to $43.5M in 2017.

Exports from Peru () to Portugal () (2022)

Exports from Portugal () to Peru () (2022)

Latest Data

Trade between Peru () and Portugal ()

Peru Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Portugal
Top DestinationSpain$20.5B

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

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

In 2022, countries that imported more from Portugal than Peru included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Peru - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Portugal in the exports of Vegetable Products ($11.5M), Animal Products ($9.55M), and Chemical Products ($3.74M).

During 2017, Portugal had a large net trade with Peru in the exports of Machines ($14M), Chemical Products ($7.56M), and Textiles ($5.1M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Portugal+$3.5MCoffee

Top Product Potential Portugal Peru+$3.15MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Portugal () (2022)

Exports from Portugal () to Peru () (2022)

Latest Data

Trade between Peru () and Portugal ()

Peru Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Peru - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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