Hong Kong (HKG) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Hong Kong-Paraguay Trade: In 2023, Hong Kong exported $49M to Paraguay. The main products that Hong Kong exported to Paraguay were Video Displays ($4.52M), Air Conditioners ($3.14M), and Other Electrical Machinery ($2.75M). Over the past 5 years the exports of Hong Kong to Paraguay have decreased at an annualized rate of 10.6%, from $85.6M in 2018 to $49M in 2023.

In 2023, Hong Kong did not export any services to Paraguay.

Paraguay-Hong Kong Trade: In 2023, Paraguay exported $136M to Hong Kong. The main products that Paraguay exported to Hong Kong were Frozen Bovine Meat ($113M), Animal Organs ($8.15M), and Edible Offal ($6.04M). Over the past 5 years the exports of Paraguay to Hong Kong have increased at an annualized rate of 31.6%, from $34.5M in 2018 to $136M in 2023.

In 2023, Paraguay did not export any services to Hong Kong.

Comparison: In 2023, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B). 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, Hong Kong exported $49M to Paraguay. The main products exported from Hong Kong to Paraguay were Video Displays ($4.52M), Air Conditioners ($3.14M), and Other Electrical Machinery ($2.75M). During the last 5 years the exports of Hong Kong to Paraguay have decreased at an annualized rate of 10.6%, from $85.6M in 2018 to $49M in 2023.

In 2018, Paraguay exported $136M to Hong Kong. The main products exported from Paraguay to Hong Kong were Frozen Bovine Meat ($113M), Animal Organs ($8.15M), and Edible Offal ($6.04M). During the last 5 years the exports of Paraguay to Hong Kong have increased at an annualized rate of 31.6%, from $34.5M in 2023 to $136M in 2018.

Exports from Hong Kong () to Paraguay () (2023)

Exports from Paraguay () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Paraguay ()

Hong Kong Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hong Kong
Top DestinationChina$25.3B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Hong Kong than Paraguay included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

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

Difference in imports from Paraguay () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hong Kong had a large net trade with Paraguay in the exports of Machines ($26.1M), Miscellaneous ($6.54M), and Textiles ($5.96M).

During 2018, Paraguay had a large net trade with Hong Kong in the exports of Animal Products ($133M), Metals ($2.42M), and Machines ($747k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hong Kong Paraguay+$2.44MTelephones

Top Product Potential Paraguay Hong Kong+$1.53MEdible Offal

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

About

Historical Data

Bilateral Trade by Products

Exports from Hong Kong () to Paraguay () (2023)

Exports from Paraguay () to Hong Kong () (2023)

Latest Data

Trade between Hong Kong () and Paraguay ()

Hong Kong Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Hong Kong () (2023)

Comparative Advantage Hong Kong - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hong Kong () and Paraguay () (2023)

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