Azerbaijan (AZE) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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In N/A, Azerbaijan did not export any services to Paraguay.

Paraguay-Azerbaijan Trade: In N/A, Paraguay exported $230k to Azerbaijan. The main products that Paraguay exported to Azerbaijan were Edible Offal ($57k), Packaged Medicaments ($48.9k), and Frozen Bovine Meat ($37.7k). Over the past N/A years the exports of Paraguay to Azerbaijan have decreased at an annualized rate of 14.2%, from $493k in N/A to $230k in N/A.

In N/A, Paraguay did not export any services to Azerbaijan.

Comparison: In 2023, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Azerbaijan does not register exports to Paraguay. The main products exported from Azerbaijan to Paraguay were Refined Petroleum ($130).

In 2018, Paraguay exported $230k to Azerbaijan. The main products exported from Paraguay to Azerbaijan were Edible Offal ($57k), Packaged Medicaments ($48.9k), and Frozen Bovine Meat ($37.7k). During the last 5 years the exports of Paraguay to Azerbaijan have decreased at an annualized rate of 14.2%, from $493k in 2023 to $230k in 2018.

Exports from Azerbaijan () to Paraguay () (2023)

Exports from Paraguay () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Azerbaijan
Top DestinationItaly$11.4B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Azerbaijan than Paraguay included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

Difference in imports from Paraguay () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Paraguay had a large net trade with Azerbaijan in the exports of Animal Products ($94.8k), Vegetable Products ($56.9k), and Chemical Products ($48.9k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Azerbaijan Paraguay+$3.66kRefined Petroleum

Top Product Potential Paraguay Azerbaijan+$229kFrozen 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 Azerbaijan and Paraguay. This means that a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Azerbaijan.

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Historical Data

Bilateral Trade by Products

Exports from Azerbaijan () to Paraguay () (2023)

Exports from Paraguay () to Azerbaijan () (2023)

Latest Data

Trade between Azerbaijan () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Azerbaijan () (2023)

Comparative Advantage Azerbaijan - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Azerbaijan () and Paraguay () (2023)

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