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Pricing

2022
Flag → Flag
Exports $3.41BRnk 77 / 211
2022
Flag → Flag
Top Product $1.04BBroadcasting Equipment
2022
Flag → Flag
Exports $29.3MRnk 31 / 158
2022
Flag → Flag
Top Product $12.2MTanned Equine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

China-Paraguay Trade: In 2022, China exported $3.41B 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 100%, from $106M in 2017 to $3.41B in 2022.

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

Paraguay-China Trade: In 2022, Paraguay exported $29.3M 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 3.35%,  from $24.8M in 2017 to $29.3M 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).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $233M and imported $5.96M from Paraguay, resulting in a positive trade balance of $227M. Between May 2023 and May 2024 the exports of China have increased by $24.6M (11.8%) from $208M to $233M, while imports increased by $393k (7.06%) from $5.57M to $5.96M.

Trade In May 2024, the top exports of China to Paraguay were Rubber Tires ($25.4M), Inhalable tobacco/nicotine products ($6.46M), Computers ($5.75M), Motorcycles and cycles ($5.71M), and Telephones ($5.27M). In May 2024 the top imports of China from Paraguay were Scrap Copper ($1.37M), Tanned Equine and Bovine Hides ($397k), Prepr binder for foundry ($393k), Sawn Wood ($204k), and Rough Wood ($201k).

Origins In May 2024 the exports of China were mainly from Guangdong Province ($70.6M), Zhejiang Province ($53.1M), Jiangsu Province ($32.6M), Shandong Province ($24.2M), and Shanghai Province ($16.7M), while imports destinations were mainly Zhejiang Province ($3.31M), Shanghai Province ($1.84M), Guangdong Province ($479k), Fujian Province ($154k), and Guangxi Zhuang Autonomous Region ($102k).

Growth In May 2024, the increase in China's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Rubber Tires ($12M or 89.5%), Aluminium Plating ($4.73M or 2.2k%), and Inhalable tobacco/nicotine products ($3.29M or 103%). In May 2024, the increase in China's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Sawn Wood ($169k or 481%) and Rough Wood ($141k or 233%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$24.6M(11.8%)
IMPORT GROWTH (May 2023 - May 2024)$393k(7.06%)
MAIN EXPORTER (May 2024)Guangdong Province$70.6M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Paraguay and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $3.41B 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 100%, from $106M in 2017 to $3.41B in 2022.

In 2017, Paraguay exported $29.3M 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 22 years the exports of Paraguay to China have increased at an annualized rate of 3.35%, from $24.8M in 1995 to $29.3M in 2017.

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

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

Market Competitiveness

Color
China
Top DestinationN/AN/A
Paraguay
Top DestinationN/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.

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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) (2022)

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