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2022
Flag → Flag
Exports $302MRnk 108 / 217
2022
Flag → Flag
Top Product $79.3MRefined Petroleum
2022
Flag → Flag
Exports $158MRnk 8 / 158
2022
Flag → Flag
Top Product $141MSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

India-Paraguay Trade: In 2022, India exported $302M to Paraguay. The main products that India exported to Paraguay were Refined Petroleum ($79.3M), Pesticides ($29.2M), and Cars ($26.1M). Over the past 5 years the exports of India to Paraguay have increased at an annualized rate of 12.9%, from $164M in 2017 to $302M in 2022.

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

Paraguay-India Trade: 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). Over the past 5 years the exports of Paraguay to India have decreased at an annualized rate of 9.98%,  from $267M in 2017 to $158M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $18M and imported $3.01M from Paraguay, resulting in a positive trade balance of $15M. Between August 2023 and August 2024 the exports of India have decreased by $-4.03M (-18.2%) from $22.1M to $18M, while imports increased by $247k (8.95%) from $2.76M to $3.01M.

Trade In August 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 August 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 August 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 August 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

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-4.03M(-18.2%)
IMPORT GROWTH (August 2023 - August 2024)$247k(8.95%)

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.

For full datasets download visit Bulk Download page.

Explore Paraguay and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of India to Paraguay have increased at an annualized rate of 12.9%, from $164M in 2017 to $302M in 2022.

In 2017, 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 5 years the exports of Paraguay to India have decreased at an annualized rate of 9.98%, from $267M in 2022 to $158M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from India than Paraguay included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Paraguay than India included Argentina ($1.91B) and British Virgin Islands ($694k).

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

Comparative Advantage India - Paraguay

Flow
Scale

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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Paraguay+$84.8MRefined Petroleum
Top Product Potential Paraguay India+$4.25MScrap Aluminium

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

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

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

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