2022
Flag  
GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

China-Paraguay Trade: In 2022, China exported $4.23B to Paraguay. The main products that China exported to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). Over the past 5 years the exports of China to Paraguay have increased at an annualized rate of 4.41%, from $3.41B in 2017 to $4.23B in 2022.

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

Paraguay-China Trade: In 2022, Paraguay exported $33.5M to China. The main products that Paraguay exported to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). Over the past 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%,  from $29.3M in 2017 to $33.5M in 2022.

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

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). 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
Value

In 2022, China exported $4.23B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). During the last 5 years the exports of China to Paraguay have increased at an annualized rate of 4.41%, from $3.41B in 2017 to $4.23B in 2022.

In 2017, Paraguay exported $33.5M to China. The main products exported from Paraguay to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). During the last 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%, from $29.3M in 2022 to $33.5M in 2017.

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

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

Market Competitiveness

Color
China
Top Destination
N/AN/A
Paraguay
Top Destination
N/AN/A

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.

N/A

N/A

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

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 2022, China had a large net trade with Paraguay in the exports of Machines ($2.34B), Chemical Products ($570M), and Plastics and Rubbers ($318M).

During 2017, Paraguay had a large net trade with China in the exports of Animal Hides ($12.3M), Metals ($9M), and Wood Products ($7.48M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with