Finland (FIN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Finland-Paraguay Trade: In 2023, Finland exported $7.89M to Paraguay. The main products that Finland exported to Paraguay were Kaolin Coated Paper ($1.81M), Engine Parts ($998k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($548k). Over the past 5 years the exports of Finland to Paraguay have decreased at an annualized rate of 17.2%, from $20.3M in 2018 to $7.89M in 2023.

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

Paraguay-Finland Trade: In 2023, Paraguay exported $8.27M to Finland. The main products that Paraguay exported to Finland were Alcohol > 80% ABV ($7.58M), Ground Nuts ($444k), and Wood Charcoal ($62.6k). Over the past 5 years the exports of Paraguay to Finland have increased at an annualized rate of 62.8%, from $724k in 2018 to $8.27M in 2023.

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

Comparison: In 2023, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Finland exported $7.89M to Paraguay. The main products exported from Finland to Paraguay were Kaolin Coated Paper ($1.81M), Engine Parts ($998k), and Phosphinates (hypophosphites) and phosphonates (phosphites) ($548k). During the last 5 years the exports of Finland to Paraguay have decreased at an annualized rate of 17.2%, from $20.3M in 2018 to $7.89M in 2023.

In 2018, Paraguay exported $8.27M to Finland. The main products exported from Paraguay to Finland were Alcohol > 80% ABV ($7.58M), Ground Nuts ($444k), and Wood Charcoal ($62.6k). During the last 5 years the exports of Paraguay to Finland have increased at an annualized rate of 62.8%, from $724k in 2023 to $8.27M in 2018.

Exports from Finland () to Paraguay () (2023)

Exports from Paraguay () to Finland () (2023)

Latest Data

Trade between Finland () and Paraguay ()

Finland Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Finland
Top DestinationUnited States$9.68B

Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Finland than Paraguay included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

In 2023, countries that imported more from Paraguay than Finland included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay () and Finland () (2023)

Comparative Advantage Finland - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Finland had a large net trade with Paraguay in the exports of Machines ($2.62M), Paper Goods ($2.25M), and Chemical Products ($1.2M).

During 2018, Paraguay had a large net trade with Finland in the exports of Foodstuffs ($7.61M), Vegetable Products ($525k), and Wood Products ($62.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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.

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Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Finland () to Paraguay () (2023)

Exports from Paraguay () to Finland () (2023)

Latest Data

Trade between Finland () and Paraguay ()

Finland Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Finland () (2023)

Comparative Advantage Finland - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Finland () and Paraguay () (2023)

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