Peru (PER) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Peru-Sweden Trade: In 2023, Peru exported $150M to Sweden. The main products that Peru exported to Sweden were Coffee ($41.5M), Retail Wool or Animal Hair Yarn ($31.9M), and Copper Ore ($28.9M). Over the past 5 years the exports of Peru to Sweden have increased at an annualized rate of 7.33%, from $105M in 2018 to $150M in 2023.

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

Sweden-Peru Trade: In 2023, Sweden exported $288M to Peru. The main products that Sweden exported to Peru were Cars ($25.1M), Prepared Explosives ($23.1M), and Large Construction Vehicles ($17.3M). Over the past 5 years the exports of Sweden to Peru have increased at an annualized rate of 1.78%, from $264M in 2018 to $288M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Peru exported $150M to Sweden. The main products exported from Peru to Sweden were Coffee ($41.5M), Retail Wool or Animal Hair Yarn ($31.9M), and Copper Ore ($28.9M). During the last 5 years the exports of Peru to Sweden have increased at an annualized rate of 7.33%, from $105M in 2018 to $150M in 2023.

In 2018, Sweden exported $288M to Peru. The main products exported from Sweden to Peru were Cars ($25.1M), Prepared Explosives ($23.1M), and Large Construction Vehicles ($17.3M). During the last 5 years the exports of Sweden to Peru have increased at an annualized rate of 1.78%, from $264M in 2023 to $288M in 2018.

Exports from Peru () to Sweden () (2023)

Exports from Sweden () to Peru () (2023)

Latest Data

Trade between Peru () and Sweden ()

Peru Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$22.5B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Peru than Sweden included China ($22.5B), Chile ($1.92B), and Ecuador ($1.12B).

In 2023, countries that imported more from Sweden than Peru included Germany ($18.4B), Denmark ($14.4B), and Norway ($10.9B).

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

Comparative Advantage Peru - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Peru had a large net trade with Sweden in the exports of Mineral Products ($63M), Vegetable Products ($48.2M), and Textiles ($32.9M).

During 2018, Sweden had a large net trade with Peru in the exports of Machines ($121M), Chemical Products ($58.9M), and Transportation ($39.2M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Peru Sweden+$19.5MCopper Ore

Top Product Potential Sweden Peru+$14.7MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Peru () to Sweden () (2023)

Exports from Sweden () to Peru () (2023)

Latest Data

Trade between Peru () and Sweden ()

Peru Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Peru - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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