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Pricing

2022
Flag → Flag
Exports $33.6kRnk 132 / 160
2022
Flag → Flag
Top Product $21.6kSmall Iron Containers
2022
Flag → Flag
Exports $51.2kRnk 144 / 158
2022
Flag → Flag
Top Product $27.4kRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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 $72,903CURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Iceland-Paraguay Trade: In 2022, Iceland exported $33.6k to Paraguay. The main products that Iceland exported to Paraguay were Small Iron Containers ($21.6k), Fish oil ($6.96k), and Computers ($4.74k). Over the past 5 years the exports of Iceland to Paraguay have increased at an annualized rate of 38%, from $6.72k in 2017 to $33.6k in 2022.

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

Paraguay-Iceland Trade: In 2022, Paraguay exported $51.2k to Iceland. The main products that Paraguay exported to Iceland were Raw Sugar ($27.4k), Tropical Fruits ($9.32k), and Buckwheat ($7.5k). Over the past 5 years the exports of Paraguay to Iceland have decreased at an annualized rate of 8.9%,  from $81.6k in 2017 to $51.2k in 2022.

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

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $33.6k to Paraguay. The main products exported from Iceland to Paraguay were Small Iron Containers ($21.6k), Fish oil ($6.96k), and Computers ($4.74k). During the last 5 years the exports of Iceland to Paraguay have increased at an annualized rate of 38%, from $6.72k in 2017 to $33.6k in 2022.

In 2017, Paraguay exported $51.2k to Iceland. The main products exported from Paraguay to Iceland were Raw Sugar ($27.4k), Tropical Fruits ($9.32k), and Buckwheat ($7.5k). During the last 5 years the exports of Paraguay to Iceland have decreased at an annualized rate of 8.9%, from $81.6k in 2022 to $51.2k in 2017.

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

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

Latest Data

Trade between Iceland (Flag) and Paraguay (Flag)

Iceland Exports

Paraguay Exports

Date

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Iceland than Paraguay included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

In 2022, countries that imported more from Paraguay than Iceland included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Iceland - Paraguay

Flow
Scale

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

During 2022, Iceland had a large net trade with Paraguay in the exports of Metals ($21.6k), Animal and Vegetable Bi-Products ($6.96k), and Machines ($4.74k).

During 2017, Paraguay had a large net trade with Iceland in the exports of Foodstuffs ($27.4k), Vegetable Products ($22k), and Textiles ($1.39k).

Economic Complexity

Competitive Landscape

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

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

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