Estonia (EST) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Estonia-Paraguay Trade: In 2022, Estonia exported $2.75M to Paraguay. The main products that Estonia exported to Paraguay were Refined Petroleum ($1.89M), Delivery Trucks ($165k), and Fishing and Hunting Equipment ($128k). Over the past 5 years the exports of Estonia to Paraguay have increased at an annualized rate of 11.8%, from $1.57M in 2017 to $2.75M in 2022.

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

Paraguay-Estonia Trade: In 2022, Paraguay exported $344k to Estonia. The main products that Paraguay exported to Estonia were Other Oily Seeds ($278k), Plywood ($57.5k), and Hard Liquor ($4.93k). Over the past 5 years the exports of Paraguay to Estonia have increased at an annualized rate of 233%, from $835 in 2017 to $344k in 2022.

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

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index. 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $2.75M to Paraguay. The main products exported from Estonia to Paraguay were Refined Petroleum ($1.89M), Delivery Trucks ($165k), and Fishing and Hunting Equipment ($128k). During the last 5 years the exports of Estonia to Paraguay have increased at an annualized rate of 11.8%, from $1.57M in 2017 to $2.75M in 2022.

In 2017, Paraguay exported $344k to Estonia. The main products exported from Paraguay to Estonia were Other Oily Seeds ($278k), Plywood ($57.5k), and Hard Liquor ($4.93k). During the last 5 years the exports of Paraguay to Estonia have increased at an annualized rate of 233%, from $835 in 2022 to $344k in 2017.

Exports from Estonia () to Paraguay () (2022)

Exports from Paraguay () to Estonia () (2022)

Latest Data

Trade between Estonia () and Paraguay ()

Estonia Exports

Date

Paraguay Exports

Date

Oct 2016

Jan 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Estonia than Paraguay included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Difference in imports from Paraguay () and Estonia () (2022)

Comparative Advantage Estonia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Paraguay in the exports of Mineral Products ($2.01M), Transportation ($269k), and Machines ($157k).

During 2017, Paraguay had a large net trade with Estonia in the exports of Vegetable Products ($279k), Wood Products ($57.5k), and Foodstuffs ($6.84k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Estonia and Paraguay. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Estonia.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Paraguay () (2022)

Exports from Paraguay () to Estonia () (2022)

Latest Data

Trade between Estonia () and Paraguay ()

Estonia Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Estonia () (2022)

Comparative Advantage Estonia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Estonia () and Paraguay () (2022)

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