2022
Flag  
GDP
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH
17%CURRENT US$
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2022
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 GDP
$41.7BCURRENT US$
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2012-2022
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GDP GROWTH
25.3%CURRENT US$
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2022
Flag
GDP PC 
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
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2022
Flag
GDP PC
$6,153CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

Canada-Paraguay In 2022, Canada exported $111M to Paraguay. The main products that Canada exported to Paraguay are Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). During the last 27 years the exports of Canada to Paraguay have increased at an annualized rate of 7.35%, from $16.3M in 1995 to $111M in 2022.

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

Paraguay-Canada In 2022, Paraguay exported $18.4M to Canada. The main products that Paraguay exported to Canada were Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). During the last 27 years the exports of Paraguay to Canada have increased at an annualized rate of 6.97%, from $2.98M in 1995 to $18.4M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $111M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). During the last 27 years the exports of Canada to Paraguay have increased at an annualized rate of 7.35%, from $16.3M in 1995 to $111M in 2022.

In 2022, Paraguay exported $18.4M to Canada. The main products exported from Paraguay to Canada were Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). During the last 27 years the exports of Paraguay to Canada have increased at an annualized rate of 6.97%, from $2.98M in 1995 to $18.4M in 2022.

Exports from Canada (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top Destination
United States$438B
Paraguay
Top Destination
Brazil$3.67B

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

In 2021, countries that imported more from Canada than Paraguay were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Paraguay than Canada were Argentina ($1.91B), Chile ($1.16B), and Russia ($356M).

Difference in imports from Paraguay (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Paraguay

Flow
Scale

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

During 2022, Canada had a large net trade with Paraguay in the exports of Chemical Products ($90.1M), Machines ($13.2M), and Paper Goods ($2M).

During 2022, Paraguay had a large net trade with Canada in the exports of Metals ($10.8M), Vegetable Products ($4.03M), and Foodstuffs ($1.39M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Canada.

Product Space of Canada (Flag) and Paraguay (Flag) (2022)

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