2023
Flag  
GDP
$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH
85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC 
$12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH
79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
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

China-Paraguay Trade: In 2023, China exported $5.41B to Paraguay. The main products that China exported to Paraguay were Broadcasting Equipment ($1.92B), Computers ($315M), and Rubber Tires ($252M). Over the past 5 years the exports of China to Paraguay have increased at an annualized rate of 7.5%, from $3.77B in 2018 to $5.41B in 2023.

In 2023, China did not export any services to Paraguay.

Paraguay-China Trade: In 2023, Paraguay exported $23.3M to China. The main products that Paraguay exported to China were Shaped Wood ($6.37M), Scrap Copper ($4.1M), and Sawn Wood ($3.11M). Over the past 5 years the exports of Paraguay to China have decreased at an annualized rate of 11.7%,  from $43.4M in 2018 to $23.3M in 2023.

In 2023, Paraguay did not export any services to China.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). 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, China exported $5.41B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($1.92B), Computers ($315M), and Rubber Tires ($252M). During the last 5 years the exports of China to Paraguay have increased at an annualized rate of 7.5%, from $3.77B in 2018 to $5.41B in 2023.

In 2018, Paraguay exported $23.3M to China. The main products exported from Paraguay to China were Shaped Wood ($6.37M), Scrap Copper ($4.1M), and Sawn Wood ($3.11M). During the last 5 years the exports of Paraguay to China have decreased at an annualized rate of 11.7%, from $43.4M in 2023 to $23.3M in 2018.

Exports from China (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top Destination
United States$436B
Paraguay
Top Destination
Argentina$4B

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

In 2023, countries that imported more from China than Paraguay included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, no countries were registered that imported more from Paraguay than from China.

Difference in imports from Paraguay (Flag) and China (Flag) (2023)

Comparative Advantage China - Paraguay

Flow
Scale

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

During 2023, China had a large net trade with Paraguay in the exports of Machines ($3.36B), Chemical Products ($496M), and Plastics and Rubbers ($337M).

During 2018, Paraguay had a large net trade with China in the exports of Wood Products ($9.57M), Metals ($6.32M), and Chemical Products ($3.15M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Paraguay+$49.4MComputers
Top Product Potential Paraguay China+$7.71MScrap Copper

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

Product Space of China (Flag) and Paraguay (Flag) (2023)

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