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Pricing

2022
Flag → Flag
Exports $110MRnk 116 / 221
2022
Flag → Flag
Top Product $4MLiquid Pumps
2022
Flag → Flag
Exports $87.6MRnk 16 / 158
2022
Flag → Flag
Top Product $31.3MTanned Equine and Bovine Hides
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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 $34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Italy-Paraguay Trade: In 2022, Italy exported $110M to Paraguay. The main products that Italy exported to Paraguay were Liquid Pumps ($4M), Perfumes ($3.8M), and Office Machine Parts ($3.48M). Over the past 5 years the exports of Italy to Paraguay have increased at an annualized rate of 0.63%, from $107M in 2017 to $110M in 2022.

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

Paraguay-Italy Trade: In 2022, Paraguay exported $87.6M to Italy. The main products that Paraguay exported to Italy were Tanned Equine and Bovine Hides ($31.3M), Soybean Meal ($18.6M), and Frozen Bovine Meat ($14.4M). Over the past 5 years the exports of Paraguay to Italy have decreased at an annualized rate of 20.7%,  from $279M in 2017 to $87.6M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

June, 2024

About

Overview In June 2024, Italy exported €3.61M and imported €2.31M from Paraguay, resulting in a positive trade balance of €1.3M. Between June 2023 and June 2024 the exports of Italy have increased by €2.25M (165%) from €1.36M to €3.61M, while imports increased by €675k (41.4%) from €1.63M to €2.31M.

Growth In June 2024, the increase in Italy's year-by-year exports to Paraguay was explained primarily by an increase in product exports in . In July 2024, the increase in Italy's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in N/A.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€2.25M(165%)
IMPORT GROWTH (July 2023 - July 2024)€675k(41.4%)

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $110M to Paraguay. The main products exported from Italy to Paraguay were Liquid Pumps ($4M), Perfumes ($3.8M), and Office Machine Parts ($3.48M). During the last 5 years the exports of Italy to Paraguay have increased at an annualized rate of 0.63%, from $107M in 2017 to $110M in 2022.

In 2017, Paraguay exported $87.6M to Italy. The main products exported from Paraguay to Italy were Tanned Equine and Bovine Hides ($31.3M), Soybean Meal ($18.6M), and Frozen Bovine Meat ($14.4M). During the last 5 years the exports of Paraguay to Italy have decreased at an annualized rate of 20.7%, from $279M in 2022 to $87.6M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Italy than Paraguay included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, countries that imported more from Paraguay than Italy included Argentina ($1.91B).

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

Comparative Advantage Italy - Paraguay

Flow
Scale

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

During 2022, Italy had a large net trade with Paraguay in the exports of Machines ($48.3M), Chemical Products ($17.7M), and Instruments ($7.58M).

During 2017, Paraguay had a large net trade with Italy in the exports of Animal Hides ($31.3M), Foodstuffs ($20M), and Animal Products ($16.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Paraguay+$3.89MPackaged Medicaments
Top Product Potential Paraguay Italy+$11.1MCorn

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 Italy and Paraguay. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Italy.

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

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