Peru - Netherlands Trade 2024 Q1: $391M Surplus Dominance

Key Market Takeaways: Peru - Netherlands Trade

The bilateral trade relationship between Peru and Netherlands remains stable with a dominant surplus in Peru's favor in Q1 2024.

• Economic Pulse: Peru holds a $391.44M surplus ($445.27M exports vs. $53.83M imports), reflecting an 8x export dominance. Volatility in monthly flows suggests demand sensitivity.
• Exchange Structure: Peru - Netherlands trade statistics reveal a resource-for-tech complementarity—Peru ships raw agricultural goods (65% edible fruits/nuts) while importing processed foods and machinery.
• Strategic Interdependence: The partnership is lopsided but symbiotic, with Peru supplying low-complexity commodities and Netherlands leveraging higher-value exports.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Peru-Netherlands Trade Trend in Q1 2024

Peru Export Performance: Shipments to Netherlands

• Total Volume: $445.27M in Q1 2024.
• Growth Trend & Context: YoY data shows no change (0.0% for all months), indicating stable demand. No trade news to contextualize shifts.
• Key Volatility: February saw an 18.81% MoM surge, followed by a -13.22% correction in March.

Peru Import Performance: Sourcing from Netherlands

• Total Volume: $53.83M in Q1 2024.
• Growth Trend & Context: YoY flat (0.0%), suggesting steady supply chains. No news to explain fluctuations.
• Key Volatility: February imports spiked 9.95% MoM, then plummeted -22.04% in March.

Peru - Netherlands Trade Balance & Market Dynamics

• Net Position: Surplus of $391.44M (Exports $445.27M vs. Imports $53.83M).
• Relationship Status: Peru dominates as a net exporter, with exports exceeding imports by over 8x. Trade remains heavily skewed in Peru’s favor.

Peru Import Trend from Netherlands 2024 Q1 (Source: yTrade)**

Peru Export Trend to Netherlands 2024 Q1 (Source: yTrade)**

Get Historical Peru Netherlands Trade Records

Peru-Netherlands Top Trading Products in Q1 2024

Peru Export Profile: What Does Peru Sell to Netherlands

• Top Commodity: HS Code 08 (Edible fruit and nuts) dominates with 65.49% share.
• Demand Driver: Netherlands imports these for industrial processing (e.g., food manufacturing) or re-export to EU markets.
• Concentration: Extreme—HS Code 08 alone accounts for over 65% of exports, indicating heavy reliance on a single category.

Peru Import Profile: What Does Peru Buy from Netherlands

• Top Commodity: HS Code 21 (Miscellaneous edible preparations) leads at 14.22% share.
• Dependency Nature: Likely reflects food security needs (processed foods) or niche consumer demand (e.g., specialty ingredients).

Peru - Netherlands Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Peru exports raw agricultural goods (HS 08, 20) while importing processed foods (HS 21) and machinery (HS 84).
• Value Chain Position: Netherlands holds higher value-add—exports include machinery (HS 84) and pharmaceuticals (HS 30), while Peru’s exports are low-complexity commodities.

Import Analysis by Product: Netherlands to Peru (Source: yTrade)

Export Analysis by Product: Peru to Netherlands (Source: yTrade)

Check Detailed Peru-Netherlands Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Peru’s trade surplus with the Netherlands is expected to hold steady in Q2 2024, driven by sustained demand for agricultural commodities (HS 08) despite recent volatility. However, reliance on a single export category exposes Peru to price swings and supply chain disruptions. The Netherlands’ imports of processed foods (HS 21) and machinery (HS 84) signal opportunities for Peru to diversify its import sources while negotiating value-added partnerships. Without significant shifts in trade policy or market conditions, the Peru-Netherlands trade relationship will likely remain stable but imbalanced.

Strategic Moves

• Secure Long-term Contracts for Agri-Exports: Peruvian exporters of edible fruits and nuts (HS 08) should lock in multi-year agreements with Dutch buyers to stabilize revenue and mitigate monthly volatility.
• Diversify Export Portfolio Beyond HS 08: Peru must reduce dependency on a single commodity by promoting secondary exports like fish products (HS 03) or minerals (HS 26) to Dutch industrial buyers.
• Target Dutch High-Value Imports Strategically: Importers should prioritize machinery (HS 84) and pharmaceuticals (HS 30) from the Netherlands to upgrade local production capabilities, leveraging the existing trade surplus for favorable terms.

Frequently Asked Questions

How did Peru - Netherlands trade perform in 2024 Q1?

Peru's exports to the Netherlands totaled $445.27M, while imports were $53.83M in Q1 2024, showing stable YoY growth (0.0% for both).

What are the top exports from Peru to Netherlands?

Peru's top export to the Netherlands is HS Code 08 (Edible fruit and nuts), accounting for 65.49% of total shipments.

What does Peru import from Netherlands?

Peru primarily imports HS Code 21 (Miscellaneous edible preparations) from the Netherlands, making up 14.22% of total imports.

What is the trade balance between Peru and Netherlands?

Peru recorded a trade surplus of $391.44M in Q1 2024, with exports exceeding imports by over 8x. The gap remains heavily skewed in Peru's favor.