United Kingdom (GBR) and Peru (PER) Trade | The Observatory of Economic Complexity

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Pricing

United Kingdom (GBR) and Peru (PER) Trade

2022

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Exports $297MRnk 82 / 224

2022

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Top Product $58.4MMotor vehicles; parts and accessories (8701 to 8705)

2022

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Exports $2.03BRnk 8 / 180

2022

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About

United Kingdom-Peru In 2022, United Kingdom exported $297M to Peru. The main products that United Kingdom exported to Peru are Motor vehicles; parts and accessories (8701 to 8705) ($58.4M), Hard Liquor ($27.8M), and Concentrated Milk ($12.2M). During the last 27 years the exports of United Kingdom to Peru have increased at an annualized rate of 4.06%, from $101M in 1995 to $297M in 2022.

In 2022, United Kingdom did not export any services to Peru.

Peru-United Kingdom In 2022, Peru exported $2.03B to United Kingdom. The main products that Peru exported to United Kingdom were Petroleum Gas ($1.39B), Gold ($128M), and Other Fruits ($77.5M). During the last 27 years the exports of Peru to United Kingdom have increased at an annualized rate of 6.01%, from $420M in 1995 to $2.03B in 2022.

In 2022, Peru did not export any services to United Kingdom.

Comparison In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B). That same year, Peru ranked 87 in the Economic Complexity Index (ECI -0.66), and 54 in total exports ($59.4B).

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £10.2M and imported £66.1M from Peru, resulting in a negative trade balance of £55.8M. Between January 2023 and January 2024 the exports of United Kingdom have decreased by £-3.33M (-24.5%) from £13.6M to £10.2M, while imports decreased by £-146M (-68.8%) from £212M to £66.1M.

Trade In January 2024, the top exports of United Kingdom to Peru were Cranes (£3.59M), Hard Liquor (£1.08M), Brochures (£875k), Electric Generating Sets (£677k), and Cars (£672k). In January 2024 the top imports of United Kingdom from Peru were Petroleum Gas (£170M), Grapes (£10.3M), Other Fruits (£6.99M), Coffee (£5.1M), and Other Vegetables (£3.94M).

Origins In January 2024 the exports of United Kingdom were mainly from London Gateway (£2.86M), London Heathrow Airport (£2.01M), Manchester Airport (£1.69M), Southampton (£972k), and Felixstowe (£587k), while imports destinations were mainly Milford (£31.6M), London Gateway (£16.4M), Dover (£7.01M), London Heathrow Airport (£2.91M), and Liverpool (£2.83M).

Growth In January 2024, the decrease in United Kingdom's year-by-year exports to Peru was explained primarily by an decrease in product exports in Iron Fasteners (£-599k or -99.8%), Liquid Pumps (£-361k or -64.8%), and Valves (£-317k or -62.9%). In January 2024, the decrease in United Kingdom's year-by-year imports from Peru was explained primarily by an decrease in product imports in Petroleum Gas (£-147M or -46.3%), Frozen Fruits and Nuts (£-917k or -76.3%), and Tropical Fruits (£-902k or -21.9%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-3.33M(-24.5%)

IMPORT GROWTH (January 2023 - January 2024)£-146M(-68.8%)

MAIN EXPORTER (January 2024)London Gateway£2.86M

This section shows exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United Kingdom over time.

To check Peru and United Kingdom trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United Kingdom exported $297M to Peru. The main products exported from United Kingdom to Peru were Motor vehicles; parts and accessories (8701 to 8705) ($58.4M), Hard Liquor ($27.8M), and Concentrated Milk ($12.2M). During the last 27 years the exports of United Kingdom to Peru have increased at an annualized rate of 4.06%, from $101M in 1995 to $297M in 2022.

In 2022, Peru exported $2.03B to United Kingdom. The main products exported from Peru to United Kingdom were Petroleum Gas ($1.39B), Gold ($128M), and Other Fruits ($77.5M). During the last 27 years the exports of Peru to United Kingdom have increased at an annualized rate of 6.01%, from $420M in 1995 to $2.03B in 2022.

Exports from United Kingdom () to Peru () (2022)

Exports from Peru () to United Kingdom () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$61.8B

Peru
Top DestinationChina$17.6B

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

In 2021, countries that imported more from United Kingdom than Peru were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Peru than United Kingdom were Chile ($1.85B), Ecuador ($1.28B), and Bolivia ($813M).

Difference in imports from Peru () and United Kingdom () (2022)

Comparative Advantage United Kingdom - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United Kingdom had a large net trade with Peru in the exports of Transportation ($68.1M), Machines ($57.2M), and Chemical Products ($45.2M).

During 2022, Peru had a large net trade with United Kingdom in the exports of Mineral Products ($1.39B), Vegetable Products ($352M), and Precious Metals ($129M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Peru. Similarly, the more yellow a dot/product is, the more Peru has comparative advantage over United Kingdom.

Product Space of United Kingdom () and Peru () (2022)

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