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2023
Flag → Flag
Exports $188MRnk 97 / 216
2023
Flag → Flag
Top Product $170MRefined Petroleum
2023
Flag → Flag
Exports $153MRnk 13 / 153
2023
Flag → Flag
Top Product $107MGold
2023
Flag
Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
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GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
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GDP PC $49,041CURRENT US$
Rnk 27 / 195
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195
2023
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GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
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GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

United Arab Emirates-Paraguay Trade: In 2023, United Arab Emirates exported $188M to Paraguay. The main products that United Arab Emirates exported to Paraguay were Refined Petroleum ($170M), Perfumes ($7.37M), and Broadcasting Equipment ($4.38M). Over the past 5 years the exports of United Arab Emirates to Paraguay have decreased at an annualized rate of 0.72%, from $195M in 2018 to $188M in 2023.

In 2023, United Arab Emirates did not export any services to Paraguay.

Paraguay-United Arab Emirates Trade: In 2023, Paraguay exported $153M to United Arab Emirates. The main products that Paraguay exported to United Arab Emirates were Gold ($107M), Soybean Meal ($19.7M), and Corn ($14.6M). Over the past 5 years the exports of Paraguay to United Arab Emirates have increased at an annualized rate of 23.4%,  from $53.3M in 2018 to $153M in 2023.

In 2023, Paraguay did not export any services to United Arab Emirates.

Comparison: In 2023,  United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Arab Emirates exported $188M to Paraguay. The main products exported from United Arab Emirates to Paraguay were Refined Petroleum ($170M), Perfumes ($7.37M), and Broadcasting Equipment ($4.38M). During the last 5 years the exports of United Arab Emirates to Paraguay have decreased at an annualized rate of 0.72%, from $195M in 2018 to $188M in 2023.

In 2018, Paraguay exported $153M to United Arab Emirates. The main products exported from Paraguay to United Arab Emirates were Gold ($107M), Soybean Meal ($19.7M), and Corn ($14.6M). During the last 5 years the exports of Paraguay to United Arab Emirates have increased at an annualized rate of 23.4%, from $53.3M in 2023 to $153M in 2018.

Exports from United Arab Emirates (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to United Arab Emirates (Flag) (2023)

Latest Data

Trade between United Arab Emirates (Flag) and Paraguay (Flag)

United Arab Emirates Exports

Paraguay Exports

Market Competitiveness

Color
United Arab Emirates
Top DestinationChina$40.2B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from United Arab Emirates than Paraguay included China ($40.2B), India ($38.2B), and Japan ($37.4B).

In 2023, countries that imported more from Paraguay than United Arab Emirates included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay (Flag) and United Arab Emirates (Flag) (2023)

Comparative Advantage United Arab Emirates - Paraguay

Flow
Scale

This chart compares trade between United Arab Emirates and Paraguay by product, considering products traded by both, United Arab Emirates and Paraguay.

During 2023, United Arab Emirates had a large net trade with Paraguay in the exports of Mineral Products ($172M), Chemical Products ($7.61M), and Machines ($5.27M).

During 2018, Paraguay had a large net trade with United Arab Emirates in the exports of Precious Metals ($107M), Foodstuffs ($24.2M), and Vegetable Products ($18.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Paraguay+$4.88MRefined Petroleum
Top Product Potential Paraguay United Arab Emirates+$1.93MGold

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

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Paraguay. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Paraguay (Flag) (2023)

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