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2022
Flag → Flag
Exports $166MRnk 93 / 218
2022
Flag → Flag
Top Product $27.3MPerfumes
2022
Flag → Flag
Exports $30MRnk 33 / 158
2022
Flag → Flag
Top Product $4.77MWood Charcoal
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Spain-Paraguay Trade: In 2022, Spain exported $166M to Paraguay. The main products that Spain exported to Paraguay were Perfumes ($27.3M), Packaged Medicaments ($6.33M), and Mixed Mineral or Chemical Fertilizers ($5.59M). Over the past 5 years the exports of Spain to Paraguay have increased at an annualized rate of 3.35%, from $141M in 2017 to $166M in 2022.

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

Paraguay-Spain Trade: In 2022, Paraguay exported $30M to Spain. The main products that Paraguay exported to Spain were Wood Charcoal ($4.77M), Scrap Copper ($3.72M), and Other Oily Seeds ($3.02M). Over the past 5 years the exports of Paraguay to Spain have decreased at an annualized rate of 32.5%,  from $213M in 2017 to $30M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

July, 2024

About

Overview In July 2024, Spain exported €15.8M and imported €3.02M from Paraguay, resulting in a positive trade balance of €12.7M. Between July 2023 and July 2024 the exports of Spain have increased by €2.93M (22.8%) from €12.8M to €15.8M, while imports increased by €1.85M (158%) from €1.17M to €3.02M.

Trade In July 2024, the top exports of Spain to Paraguay were Perfumes (€3.66M), Hard Liquor (€495k), Petroleum Coke (€424k), Packaged Medicaments (€385k), and Knit Sweaters (€384k). In July 2024 the top imports of Spain from Paraguay were Alcohol > 80% ABV (€1.06M), Wood Charcoal (€701k), Perfume Plants (€301k), Starches (€295k), and Other Oily Seeds (€218k).

Origins In July 2024 the exports of Spain were mainly from Barcelona (€6.44M), Madrid (€2.98M), Valencia (€1.44M), Zaragoza (€804k), and A Coruña (€513k), while imports destinations were mainly Sevilla (€1.48M), Barcelona (€481k), León (€309k), and Asturias (€163k).

Growth In July 2024, the increase in Spain's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Perfumes (€1.4M or 62%), Knit Sweaters (€366k or 2k%), and Hard Liquor (€336k or 211%). In July 2024, the increase in Spain's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Wood Charcoal (€378k or 117%), Starches (€178k or 153%), and Other Oily Seeds (€143k or 192%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€2.93M(22.8%)
IMPORT GROWTH (July 2023 - July 2024)€1.85M(158%)
MAIN EXPORTER (July 2024)Barcelona€6.44M

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $166M to Paraguay. The main products exported from Spain to Paraguay were Perfumes ($27.3M), Packaged Medicaments ($6.33M), and Mixed Mineral or Chemical Fertilizers ($5.59M). During the last 5 years the exports of Spain to Paraguay have increased at an annualized rate of 3.35%, from $141M in 2017 to $166M in 2022.

In 2017, Paraguay exported $30M to Spain. The main products exported from Paraguay to Spain were Wood Charcoal ($4.77M), Scrap Copper ($3.72M), and Other Oily Seeds ($3.02M). During the last 5 years the exports of Paraguay to Spain have decreased at an annualized rate of 32.5%, from $213M in 2022 to $30M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Spain than Paraguay included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Paraguay than Spain included Argentina ($1.91B), Nepal ($25.9M), and British Virgin Islands ($694k).

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

Comparative Advantage Spain - Paraguay

Flow
Scale

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

During 2022, Spain had a large net trade with Paraguay in the exports of Chemical Products ($59.6M), Machines ($34.6M), and Metals ($10.6M).

During 2017, Paraguay had a large net trade with Spain in the exports of Vegetable Products ($10.2M), Metals ($5.46M), and Wood Products ($5.25M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Paraguay+$5.15MPackaged Medicaments
Top Product Potential Paraguay Spain+$2.6MBovine 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 Spain and Paraguay. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Spain.

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

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