India (IND) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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India-Paraguay In 2022, India exported $302M to Paraguay. The main products that India exported to Paraguay are Refined Petroleum ($79.3M), Pesticides ($29.2M), and Cars ($26.1M). During the last 27 years the exports of India to Paraguay have increased at an annualized rate of 12.8%, from $11.6M in 1995 to $302M in 2022.

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

Paraguay-India In 2022, Paraguay exported $158M to India. The main products that Paraguay exported to India were Soybean Oil ($141M), Scrap Iron ($5.56M), and Scrap Aluminium ($4.22M). During the last 27 years the exports of Paraguay to India have increased at an annualized rate of 24%, from $477k in 1995 to $158M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), and 103 in total exports ($10.1B).

Latest Trends

January, 2024

About

Overview In January 2024, India exported $14.9M and imported $2.65M from Paraguay, resulting in a positive trade balance of $12.3M. Between January 2023 and January 2024 the exports of India have decreased by $-962k (-6.06%) from $15.9M to $14.9M, while imports increased by $2.3M (658%) from $350k to $2.65M.

Trade In January 2024, the top exports of India to Paraguay were Iron And Steel ($5.56M), Motor Vehicle/Cars ($2.48M), Spices ($1.68M), Indl. Machnry For Dairy Etc ($1.16M), and Human Hair, Products Thereo ($988k). In January 2024 the top imports of India from Paraguay were Aluminium, Products Of Aluminm ($272k), Iron And Steel ($73.9k), Moulded And Extruded Goods ($1.85k), Other Plastic Items ($1k), and Othr Rubber Prodct Excpt Footw ($597).

Growth In January 2024, the decrease in India's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Aluminium, Products Of Aluminm ($-1.48M or -100%), Agro Chemicals ($-1.44M or -87%), and Drug Formulations, Biologicals ($-754k or -62.5%). In January 2024, the increase in India's year-by-year imports from Paraguay was explained primarily by an increase in product imports in Aluminium, Products Of Aluminm ($172k or 171%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-962k(-6.06%)

IMPORT GROWTH (January 2023 - January 2024)$2.3M(658%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $302M to Paraguay. The main products exported from India to Paraguay were Refined Petroleum ($79.3M), Pesticides ($29.2M), and Cars ($26.1M). During the last 27 years the exports of India to Paraguay have increased at an annualized rate of 12.8%, from $11.6M in 1995 to $302M in 2022.

In 2022, Paraguay exported $158M to India. The main products exported from Paraguay to India were Soybean Oil ($141M), Scrap Iron ($5.56M), and Scrap Aluminium ($4.22M). During the last 27 years the exports of Paraguay to India have increased at an annualized rate of 24%, from $477k in 1995 to $158M in 2022.

Exports from India () to Paraguay () (2022)

Exports from Paraguay () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Paraguay
Top DestinationBrazil$3.67B

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

In 2021, countries that imported more from India than Paraguay were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Paraguay than India were Argentina ($1.91B) and British Virgin Islands ($694k).

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

Comparative Advantage India - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Paraguay in the exports of Chemical Products ($82M), Mineral Products ($79.5M), and Metals ($39M).

During 2022, Paraguay had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($142M), Metals ($10.3M), and Chemical Products ($3.52M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Paraguay () (2022)

Exports from Paraguay () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Paraguay

Economic Complexity

Competitive Landscape

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

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