2022
Flag  
GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 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 
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 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

Czechia-Paraguay Trade: In 2022, Czechia exported $11M to Paraguay. The main products that Czechia exported to Paraguay were Low-voltage Protection Equipment ($1.29M), Metal Insulating Fittings ($949k), and Rubber Tires ($922k). Over the past 5 years the exports of Czechia to Paraguay have increased at an annualized rate of 8.87%, from $7.17M in 2017 to $11M in 2022.

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

Paraguay-Czechia Trade: In 2022, Paraguay exported $803k to Czechia. The main products that Paraguay exported to Czechia were Mate ($161k), Other Oily Seeds ($153k), and Perfume Plants ($96.4k). Over the past 5 years the exports of Paraguay to Czechia have increased at an annualized rate of 1.58%,  from $742k in 2017 to $803k in 2022.

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

Comparison: In 2022,  Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B). 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, Czechia exported $11M to Paraguay. The main products exported from Czechia to Paraguay were Low-voltage Protection Equipment ($1.29M), Metal Insulating Fittings ($949k), and Rubber Tires ($922k). During the last 5 years the exports of Czechia to Paraguay have increased at an annualized rate of 8.87%, from $7.17M in 2017 to $11M in 2022.

In 2017, Paraguay exported $803k to Czechia. The main products exported from Paraguay to Czechia were Mate ($161k), Other Oily Seeds ($153k), and Perfume Plants ($96.4k). During the last 5 years the exports of Paraguay to Czechia have increased at an annualized rate of 1.58%, from $742k in 2022 to $803k in 2017.

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

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

Latest Data

Trade between Czechia (Flag) and Paraguay (Flag)

Czechia Exports

Paraguay Exports

Market Competitiveness

Color
Czechia
Top Destination
Germany$75.3B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Czechia than Paraguay included Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

In 2022, countries that imported more from Paraguay than Czechia included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Czechia - Paraguay

Flow
Scale

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

During 2022, Czechia had a large net trade with Paraguay in the exports of Machines ($4.78M), Weapons ($2.61M), and Plastics and Rubbers ($1.5M).

During 2017, Paraguay had a large net trade with Czechia in the exports of Vegetable Products ($471k), Foodstuffs ($113k), and Machines ($75k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Czechia Paraguay+$1.49MRubber Tires
Top Product Potential Paraguay Czechia+$204kOther Oily Seeds

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

Product Space of Czechia (Flag) and Paraguay (Flag) (2022)

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