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2023
Flag → Flag
Exports $341MRnk 100 / 220
2023
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Top Product $47.8MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $56.5MRnk 21 / 153
2023
Flag → Flag
Top Product $12.3MOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
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GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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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

Germany-Paraguay Trade: In 2023, Germany exported $341M to Paraguay. The main products that Germany exported to Paraguay were Vaccines, blood, antisera, toxins and cultures ($47.8M), Packaged Medicaments ($31.7M), and Potassic Fertilizers ($30.1M). Over the past 5 years the exports of Germany to Paraguay have increased at an annualized rate of 3.91%, from $281M in 2018 to $341M in 2023.

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

Paraguay-Germany Trade: In 2023, Paraguay exported $56.5M to Germany. The main products that Paraguay exported to Germany were Other Oily Seeds ($12.3M), Bovine Meat ($9.67M), and Soybean Meal ($7.17M). Over the past 5 years the exports of Paraguay to Germany have increased at an annualized rate of 2.44%,  from $50.1M in 2018 to $56.5M in 2023.

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

Comparison: In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €21.7M and imported €4.78M from Paraguay, resulting in a positive trade balance of €16.9M. Between November 2023 and November 2024 the exports of Germany have increased by €808k (3.87%) from €20.9M to €21.7M, while imports decreased by €-608k (-11.3%) from €5.39M to €4.78M.

Trade In November 2024, the top exports of Germany to Paraguay were Pharmaceutical products (€2.08M), Articles of plastic (€1.19M), Machinery for electricity production, distribution (€1.17M), Medical, surgical equipment, orthopaedic apparatus (€885k), and Other articles of iron, iron sheet,... (€863k). In November 2024 the top imports of Germany from Paraguay were Oilseed and oleaginous fruits (€2.08M), Sugar beets, sugar and sugar products (€1.09M), Other semi-finished products (€920k), Meat and meat products (€637k), and Pharmaceutical products (€216k).

Origins In November 2024 the exports of Germany were mainly from Baden-Württemberg (€3.91M), Bavaria (€2.22M), Saxony-Anhalt (€1.66M), Lower Saxony (€1.59M), and North Rhine-Westphalia (€1.27M), while imports destinations were mainly Hamburg (€1.9M), Schleswig-Holstein (€682k), Bavaria (€646k), North Rhine-Westphalia (€445k), and Lower Saxony (€393k).

Growth In November 2024, the increase in Germany's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Other articles of iron, iron sheet,... (€669k or 345%), Articles of plastic (€651k or 122%), and Medical, surgical equipment, orthopaedic apparatus (€594k or 204%). In November 2024, the decrease in Germany's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in Copper and copper alloys, incl. waste,... (€-323k or -67.3%), Tea and mate (€-155k or -99.4%), and Bran, food waste for animal feed... (€-71k or -65.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€808k(3.87%)
IMPORT GROWTH (November 2023 - November 2024)€-608k(-11.3%)
MAIN EXPORTER (November 2024)Baden-Württemberg€3.91M

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $341M to Paraguay. The main products exported from Germany to Paraguay were Vaccines, blood, antisera, toxins and cultures ($47.8M), Packaged Medicaments ($31.7M), and Potassic Fertilizers ($30.1M). During the last 5 years the exports of Germany to Paraguay have increased at an annualized rate of 3.91%, from $281M in 2018 to $341M in 2023.

In 2018, Paraguay exported $56.5M to Germany. The main products exported from Paraguay to Germany were Other Oily Seeds ($12.3M), Bovine Meat ($9.67M), and Soybean Meal ($7.17M). During the last 5 years the exports of Paraguay to Germany have increased at an annualized rate of 2.44%, from $50.1M in 2023 to $56.5M in 2018.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Germany than Paraguay included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, countries that imported more from Paraguay than Germany included Argentina ($4B).

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

Comparative Advantage Germany - Paraguay

Flow
Scale

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

During 2023, Germany had a large net trade with Paraguay in the exports of Chemical Products ($133M), Machines ($88.5M), and Transportation ($46.7M).

During 2018, Paraguay had a large net trade with Germany in the exports of Vegetable Products ($15.8M), Foodstuffs ($12.8M), and Animal Products ($11.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Paraguay+$23.8MCars
Top Product Potential Paraguay Germany+$9.7MBovine Meat

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

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

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