Iceland (ISL) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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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 7.48%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 7.48%, from $81.6k in 2022 to $51.2k in 2017.

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

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

Latest Data

Trade between Iceland () and Paraguay ()

Iceland Exports

Date

Paraguay Exports

Date

Feb 2016

Oct 2015

May 2011

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Iceland () (2022)

Comparative Advantage Iceland - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Paraguay ()

Iceland Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Iceland - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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