Peru - Netherlands Trade 2024 Q3: $567M Surplus
Key Market Takeaways: Peru - Netherlands Trade
The bilateral trade relationship between Peru and Netherlands shows resilience with a strong trade surplus in Q3 2024, despite mixed monthly volatility.
- Economic Pulse: Peru holds a $567.65M trade surplus ($647.06M exports vs. $79.41M imports), with exports dwarfing imports by 8x. Growth is flat YoY but rebounded MoM after a mid-quarter dip.
- Exchange Structure: Peru - Netherlands trade statistics reveal a resource-for-tech model—Peru supplies agricultural staples (51% edible fruits/nuts) while importing Dutch machinery (34.55% of imports).
- Strategic Interdependence: Highly complementary but asymmetric; Netherlands leverages value-add tech exports, while Peru remains a critical raw material supplier.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Peru-Netherlands Trade Trend in Q3 2024
Peru Export Performance: Shipments to Netherlands
- Total Volume: $647.06M in Q3 2024.
- Growth Trend & Context: YoY growth flat (0.0%), but MoM shows recovery after a July dip (-6.91%), with August (+7.4%) and September (+3.85%) gains.
- Key Volatility: August saw the sharpest MoM rebound (+7.4%), offsetting July’s decline.
Peru Import Performance: Sourcing from Netherlands
- Total Volume: $79.41M in Q3 2024.
- Growth Trend & Context: YoY stagnant (0.0%), with consecutive MoM contractions (-3.84% in August, -7.53% in September) after a July surge (+87.06%).
- Key Volatility: July’s import spike (+87.06% MoM) was followed by a steady decline, suggesting possible inventory adjustments.
Peru - Netherlands Trade Balance & Market Dynamics
- Net Position: Trade surplus of $567.65M (Exports $647.06M vs. Imports $79.41M).
- Relationship Status: Peru maintains a dominant net exporter role, with exports exceeding imports by over 8x. No signs of dependency on Dutch goods.
Peru Import Trend from Netherlands 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 27.86M | 87.06% | 0.0% |
| Aug | 26.79M | -3.84% | 0.0% |
| Sep | 24.77M | -7.53% | 0.0% |
| Total | 79.41M | - | - |
Peru Export Trend to Netherlands 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 202.88M | -6.91% | 0.0% |
| Aug | 217.89M | 7.4% | 0.0% |
| Sep | 226.28M | 3.85% | 0.0% |
| Total | 647.06M | - | - |
Get Historical Peru Netherlands Trade Records
Peru-Netherlands Top Trading Products in Q3 2024
Peru Export Profile: What Does Peru Sell to Netherlands
- Top Commodity: Rank #1 export is HS 08 (Edible fruit and nuts) at 51.06% of total exports to Netherlands.
- Demand Driver: Netherlands likely uses these for consumer market distribution (e.g., re-export to EU) or food processing.
- Concentration: Trade is highly concentrated, with HS 08 alone accounting for over half of exports.
Peru Import Profile: What Does Peru Buy from Netherlands
- Top Commodity: Rank #1 import is HS 84 (Nuclear reactors, boilers, machinery) at 34.55% of total imports from Netherlands.
- Dependency Nature: Reflects critical technology dependency, likely for industrial or infrastructure development.
Peru - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Peru exports raw agricultural goods (HS 08, 18, 27) and imports high-value machinery (HS 84, 30).
- Value Chain Position: Netherlands holds the higher value-add position, supplying advanced machinery while Peru provides primary commodities.
Import Analysis by Product: Netherlands to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 84 | 27.44M | 34.55% |
| 30 | 10.33M | 13.01% |
| 20 | 6.67M | 8.39% |
| 19 | 3.68M | 4.63% |
| 38 | 3.17M | 3.99% |
| 04 | 2.98M | 3.75% |
| 27 | 2.87M | 3.62% |
| 11 | 2.48M | 3.12% |
| 21 | 2.40M | 3.03% |
| 87 | 1.80M | 2.27% |
Export Analysis by Product: Peru to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 08 | 330.41M | 51.06% |
| 18 | 66.45M | 10.27% |
| 27 | 49.24M | 7.61% |
| 15 | 36.07M | 5.57% |
| 22 | 35.77M | 5.53% |
| 09 | 27.14M | 4.19% |
| 20 | 18.27M | 2.82% |
| 07 | 13.27M | 2.05% |
| 12 | 11.15M | 1.72% |
| 06 | 9.92M | 1.53% |
Check Detailed Peru-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Peru-Netherlands Trade
Peru’s trade surplus with the Netherlands is expected to hold steady in Q4 2024, supported by resilient demand for agricultural exports (HS 08) and stable machinery imports (HS 84). However, the flat YoY growth signals a need for diversification beyond primary commodities to sustain long-term expansion. Seasonal volatility in Dutch machinery purchases may persist, requiring Peruvian importers to anticipate inventory cycles. If current trends hold, the resource-for-tech exchange will remain dominant, but Peru must push for higher-value exports to reduce reliance on raw materials.
Strategic Moves for Traders & Policymakers
- Lock in Agri-Export Contracts: Peruvian exporters of edible fruits (HS 08) should secure long-term agreements with Dutch buyers to stabilize revenue amid fluctuating demand.
- Diversify Import Sources: Reduce dependency on Dutch machinery (HS 84) by exploring alternative suppliers in Germany or Japan to mitigate supply chain disruptions.
- Invest in Value-Added Processing: Peru must upgrade its agro-industrial capacity to export processed goods (e.g., packaged nuts, juices) and capture more value from the Netherlands’ re-export market.
Frequently Asked Questions
How did Peru - Netherlands trade perform in 2024 Q3?
Peru's exports to the Netherlands totaled $647.06M in Q3 2024, with flat YoY growth but MoM recovery. Imports from the Netherlands were $79.41M, showing a YoY stagnation and consecutive MoM declines after a July surge.
What are the top exports from Peru to Netherlands?
The top export from Peru to the Netherlands is HS 08 (Edible fruit and nuts), accounting for 51.06% of total exports.
What does Peru import from Netherlands?
Peru's top import from the Netherlands is HS 84 (Nuclear reactors, boilers, machinery), making up 34.55% of total imports.
What is the trade balance between Peru and Netherlands?
Peru recorded a trade surplus of $567.65M in Q3 2024, with exports exceeding imports by over 8x. The surplus reflects a dominant net exporter role.
Peru - Netherlands Trade 2024 Q1: $391M Surplus Dominance
Peru's trade surplus with Netherlands hits $391M in Q1 2024, driven by edible fruits exports. Explore Peru Netherlands trade trends & top trading products via yTrade data.
Peru Petroleum Oil HS2710 Export Data 2025 May Overview
Peru Petroleum Oil (HS Code 2710) Export in May 2025 shows the US as the top high-value market (22.46% of value), with refined oil demand. Data from yTrade.
