2022
Flag  
GDP
$281BCURRENT US$
Rnk 47 / 186
2012-2022
Flag
GDP GROWTH
8.73%CURRENT US$
Rnk 147 / 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 
$50,537CURRENT US$
Rnk 18 / 186
2012-2022
Flag
GDP PC GROWTH
5.93%CURRENT US$
Rnk 127 / 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

Finland-Paraguay Trade: In 2022, Finland exported $15.7M to Paraguay. The main products that Finland exported to Paraguay were Kaolin Coated Paper ($11.5M), Plywood ($647k), and Propylene Polymers ($488k). Over the past 5 years the exports of Finland to Paraguay have increased at an annualized rate of 1.35%, from $14.7M in 2017 to $15.7M in 2022.

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

Paraguay-Finland Trade: In 2022, Paraguay exported $6.73M to Finland. The main products that Paraguay exported to Finland were Alcohol > 80% ABV ($6.42M), Other Oily Seeds ($225k), and Wood Charcoal ($46.2k). Over the past 5 years the exports of Paraguay to Finland have increased at an annualized rate of 99.2%,  from $215k in 2017 to $6.73M in 2022.

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

Comparison: In 2022,  Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B). 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, Finland exported $15.7M to Paraguay. The main products exported from Finland to Paraguay were Kaolin Coated Paper ($11.5M), Plywood ($647k), and Propylene Polymers ($488k). During the last 5 years the exports of Finland to Paraguay have increased at an annualized rate of 1.35%, from $14.7M in 2017 to $15.7M in 2022.

In 2017, Paraguay exported $6.73M to Finland. The main products exported from Paraguay to Finland were Alcohol > 80% ABV ($6.42M), Other Oily Seeds ($225k), and Wood Charcoal ($46.2k). During the last 5 years the exports of Paraguay to Finland have increased at an annualized rate of 99.2%, from $215k in 2022 to $6.73M in 2017.

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

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

Latest Data

Trade between Finland (Flag) and Paraguay (Flag)

Finland Exports

Paraguay Exports

Market Competitiveness

Color
Finland
Top Destination
Germany$9.99B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Finland than Paraguay included Germany ($9.99B), Sweden ($9.1B), and United States ($9.17B).

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

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

Comparative Advantage Finland - Paraguay

Flow
Scale

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

During 2022, Finland had a large net trade with Paraguay in the exports of Paper Goods ($11.5M), Plastics and Rubbers ($1.08M), and Machines ($869k).

During 2017, Paraguay had a large net trade with Finland in the exports of Foodstuffs ($6.43M), Vegetable Products ($226k), and Wood Products ($46.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Finland Paraguay+$359kEthylene Polymers
Top Product Potential Paraguay Finland+$115kOther 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with