Flag China / Paraguay Flag

Exports Flag β†’ Flag  (2018): $3.03B, Rnk 70 / 206

Top Product Flag β†’ Flag (2018): $573M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $27.2M, Rnk 36 / 141

Top Product Flag β†’ Flag (2018): $8.62M, Scrap Copper

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

China-Paraguay: In 2018, China exported $3.03B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($573M), Office Machine Parts ($201M), and Pesticides ($171M). During the last 23 years the exports of China to Paraguay have increased at an annualized rate of 15.7%, from $106M in 1995 to $3.03B in 2018.

Paraguay-China: In 2018, Paraguay exported $27.2M to China. The main products exported from Paraguay to China were Scrap Copper ($8.62M), Tanned Equine and Bovine Hides ($7.55M), and Sawn Wood ($4.84M). During the last 23 years the exports of Paraguay to China have increased at an annualized rate of 0.34%, from $25.1M in 1995 to $27.2M in 2018.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $3.03B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($573M), Office Machine Parts ($201M), and Pesticides ($171M). During the last 23 years the exports of China to Paraguay have increased at an annualized rate of 15.7%, from $106M in 1995 to $3.03B in 2018.

In 2018, Paraguay exported $27.2M to China. The main products exported from Paraguay to China were Scrap Copper ($8.62M), Tanned Equine and Bovine Hides ($7.55M), and Sawn Wood ($4.84M). During the last 23 years the exports of Paraguay to China have increased at an annualized rate of 0.34%, from $25.1M in 1995 to $27.2M in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Paraguay
Top Destination
: Argentina, $1.73B

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 2018, countries that imported more from China than Paraguay were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, no countries were registered that imported more from Paraguay than from China.

Comparative Advantage China - Paraguay

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Depth

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

During 2018, China had a large net trade with Paraguay in the exports of Machines ($1.55B), Chemical Products ($410M), and Miscellaneous ($235M).

During 2018, Paraguay had a large net trade with China in the exports of Metals ($9.3M), Animal Hides ($7.55M), and Wood Products ($6.66M).

Tariff Section

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This sections shows import tariffs for products traded between China and Paraguay (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Paraguay were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter China were Aluminium sulphate (35%) and Containers nes, outer surface plastic or textile (35%).

Explore Tariff Data

*The tariffs present between China and Paraguay are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China and Paraguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over China.