Flag Canada / Paraguay Flag

2020
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Exports
: $35.2M, Rnk 109 / 217

2020
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Top Product
: $18.8M, Potassic Fertilizers

2020
FlagFlag
Exports
: $6.13M, Rnk 56 / 151

2020
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Top Product
: $1.43M, Other Oily Seeds

2020
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Economic Complexity (ECI)
: ECI 0.93, Rnk 29 / 127

2020
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Economic Complexity (ECI)
: ECI -0.45, Rnk 79 / 127

2020
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GDP
: $1.65T, CURRENT US$
Rnk 9 / 204

2010-2020
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GDP GROWTH
: 1.74%, CURRENT US$
Rnk 160 / 204

2020
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 GDP
: $35.4B, CURRENT US$
Rnk 95 / 204

2010-2020
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GDP GROWTH
: 30.6%, CURRENT US$
Rnk 98 / 204

2020
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GDP PC 
: $43,258, CURRENT US$
Rnk 25 / 204

2010-2020
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GDP PC GROWTH
: -9.05%, CURRENT US$
Rnk 166 / 204

2020
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GDP PC
: $4,968, CURRENT US$
Rnk 111 / 204

2010-2020
Flag
GDP PC GROWTH
: 14.4%, CURRENT US$
Rnk 101 / 204

Canada-Paraguay In 2020, Canada exported $35.2M to Paraguay. The main products that Canada exported to Paraguay are Potassic Fertilizers ($18.8M), Harvesting Machinery ($2.59M), and Newsprint ($1.54M). During the last 25 years the exports of Canada to Paraguay have increased at an annualized rate of 3.19%, from $16M in 1995 to $35.2M in 2020.

In 2020, Canada did not export any services to Paraguay.

Paraguay-Canada In 2020, Paraguay exported $6.13M to Canada. The main products that Paraguay exported to Canada were Other Oily Seeds ($1.43M), Felt or Coated Fabric Garments ($976k), and Raw Sugar ($846k). During the last 25 years the exports of Paraguay to Canada have increased at an annualized rate of 2.93%, from $2.98M in 1995 to $6.13M in 2020.

In 2020, Paraguay did not export any services to Canada.

Comparison In 2020,  Canada ranked 29 in the Economic Complexity Index (ECI 0.93), and 12 in total exports ($371B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.45), and 91 in total exports ($8.66B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Canada exported $35.2M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($18.8M), Harvesting Machinery ($2.59M), and Newsprint ($1.54M). During the last 25 years the exports of Canada to Paraguay have increased at an annualized rate of 3.19%, from $16M in 1995 to $35.2M in 2020.

In 2020, Paraguay exported $6.13M to Canada. The main products exported from Paraguay to Canada were Other Oily Seeds ($1.43M), Felt or Coated Fabric Garments ($976k), and Raw Sugar ($846k). During the last 25 years the exports of Paraguay to Canada have increased at an annualized rate of 2.93%, from $2.98M in 1995 to $6.13M in 2020.

Market Competitiveness

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Measure

Canada
Top Destination
: United States, $264B

Paraguay
Top Destination
: Brazil, $3.02B

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 2019, countries that imported more from Canada than Paraguay were United States ($264B), China ($19.3B), and United Kingdom ($13.2B).

In 2019, countries that imported more from Paraguay than Canada were Argentina ($2.13B), Brazil ($3.02B), and Uruguay ($105M).

Comparative Advantage Canada - Paraguay

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Flow

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

During 2020, Canada had a large net trade with Paraguay in the exports of Chemical Products ($22.2M), Machines ($6.68M), and Paper Goods ($1.65M).

During 2020, Paraguay had a large net trade with Canada in the exports of Vegetable Products ($2.09M), Foodstuffs ($1.46M), and Textiles ($998k).

Economic Complexity

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Competitive Landscape

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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.