Armenia (ARM) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Armenia-Paraguay Trade: In 2022, Armenia exported $5.46k to Paraguay. The main products that Armenia exported to Paraguay were Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). Over the past 11 years the exports of Armenia to Paraguay have increased at an annualized rate of 5.39%, from $3.07k in 2011 to $5.46k in 2022.

In 2022, Armenia did not export any services to Paraguay.

Paraguay-Armenia Trade: In 2022, Paraguay exported $755k to Armenia. The main products that Paraguay exported to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). Over the past 11 years the exports of Paraguay to Armenia have increased at an annualized rate of 10.2%, from $260k in 2011 to $755k in 2022.

In 2022, Paraguay did not export any services to Armenia.

Comparison: In 2022, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Armenia exported $5.46k to Paraguay. The main products exported from Armenia to Paraguay were Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). During the last 11 years the exports of Armenia to Paraguay have increased at an annualized rate of 5.39%, from $3.07k in 2011 to $5.46k in 2022.

In 2017, Paraguay exported $755k to Armenia. The main products exported from Paraguay to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). During the last 5 years the exports of Paraguay to Armenia have increased at an annualized rate of 10.2%, from $260k in 2022 to $755k in 2017.

Exports from Armenia () to Paraguay () (2022)

Exports from Paraguay () to Armenia () (2022)

Latest Data

Trade between Armenia () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Armenia
Top DestinationRussia$2.36B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Armenia than Paraguay included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2022, countries that imported more from Paraguay than Armenia included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay () and Armenia () (2022)

Comparative Advantage Armenia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Armenia and Paraguay by product, considering products traded by both, Armenia and Paraguay.

During 2022, Armenia had a large net trade with Paraguay in the exports of Stone And Glass ($2.26k), Foodstuffs ($1.19k), and Arts and Antiques ($1.14k).

During 2017, Paraguay had a large net trade with Armenia in the exports of Animal Products ($736k), Vegetable Products ($14.1k), and Machines ($4.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Armenia Paraguay+$5.46kOther Edible Preparations

Top Product Potential Paraguay Armenia+$121kFrozen Bovine Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Armenia () to Paraguay () (2022)

Exports from Paraguay () to Armenia () (2022)

Latest Data

Trade between Armenia () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Armenia () (2022)

Comparative Advantage Armenia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Armenia () and Paraguay () (2022)

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