Flag India / Paraguay Flag

Exports FlagFlag  (2018): $202M, Rnk 102 / 211

Top Product FlagFlag (2018): $46.1M, Coated Flat-Rolled Iron

Exports FlagFlag (2018): $247M, Rnk 5 / 141

Top Product FlagFlag (2018): $228M, Soybean Oil

Economic Complexity of Flag (2018): ECI 0.57, Rnk 45 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $2.72T, CURRENT US$
Rnk 7 / 196

GDP GROWTH Flag (2008-2018): 127%, CURRENT US$
Rnk 20 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $2,010, CURRENT US$
Rnk 152 / 196

GDP PC GROWTH Flag (2008-2018): 101%, CURRENT US$
Rnk 16 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

India-Paraguay: In 2018, India exported $202M to Paraguay. The main products exported from India to Paraguay were Coated Flat-Rolled Iron ($46.1M), Polyacetals ($25.7M), and Pesticides ($15M). During the last 23 years the exports of India to Paraguay have increased at an annualized rate of 13.1%, from $11.8M in 1995 to $202M in 2018.

Paraguay-India: In 2018, Paraguay exported $247M to India. The main products exported from Paraguay to India were Soybean Oil ($228M), Scrap Iron ($12.9M), and Essential Oils ($1.61M). During the last 23 years the exports of Paraguay to India have increased at an annualized rate of 31.2%, from $475k in 1995 to $247M in 2018.

Comparison: In 2018, India ranked 45 in the Economic Complexity Index (ECI 0.57), and 16 in total exports ($326B). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). In terms of GDP Per Capita, India was ranked 152 with a GDP Per Capita of $2,010, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

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Depth
Value

In 2018, India exported $202M to Paraguay. The main products exported from India to Paraguay were Coated Flat-Rolled Iron ($46.1M), Polyacetals ($25.7M), and Pesticides ($15M). During the last 23 years the exports of India to Paraguay have increased at an annualized rate of 13.1%, from $11.8M in 1995 to $202M in 2018.

In 2018, Paraguay exported $247M to India. The main products exported from Paraguay to India were Soybean Oil ($228M), Scrap Iron ($12.9M), and Essential Oils ($1.61M). During the last 23 years the exports of Paraguay to India have increased at an annualized rate of 31.2%, from $475k in 1995 to $247M in 2018.

Market Competitiveness

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Measure

India
Top Destination
: United States, $52B

Paraguay
Top Destination
: Argentina, $1.73B

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 2018, countries that imported more from India than Paraguay were United States ($52B), United Arab Emirates ($27.1B), and China ($16.6B).

In 2018, countries that imported more from Paraguay than India were Argentina ($1.73B).

Comparative Advantage India - Paraguay

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Depth

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

During 2018, India had a large net trade with Paraguay in the exports of Metals ($53.5M), Chemical Products ($51.2M), and Plastics and Rubbers ($30.8M).

During 2018, Paraguay had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($228M), Metals ($14.7M), and Chemical Products ($1.66M).

Tariff Section

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This sections shows import tariffs for products traded between India and Paraguay (using the HS6 product classification and the last year reported).

In 2018, the products from India that paid the highest import tariffs to enter Paraguay were Food preparations nes (150%) and Grape wines, sparkling (150%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter India were Aluminium sulphate (35%) and Containers nes, outer surface plastic or textile (35%).

Explore Tariff Data

*The tariffs present between India and Paraguay are:
127: India-MERCOSUR Preferential Trade Agreement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between India and Paraguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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