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2023
Flag → Flag
Exports $135MRnk 113 / 219
2023
Flag → Flag
Top Product $9.82MIndustrial Food Preperation Machinery
2023
Flag → Flag
Exports $67.5MRnk 20 / 153
2023
Flag → Flag
Top Product $24.4MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Italy-Paraguay Trade: In 2023, Italy exported $135M to Paraguay. The main products that Italy exported to Paraguay were Industrial Food Preperation Machinery ($9.82M), Washing and Bottling Machines ($6.87M), and Other Electrical Machinery ($6.09M). Over the past 5 years the exports of Italy to Paraguay have increased at an annualized rate of 6.72%, from $97.3M in 2018 to $135M in 2023.

In 2023, Italy did not export any services to Paraguay.

Paraguay-Italy Trade: In 2023, Paraguay exported $67.5M to Italy. The main products that Paraguay exported to Italy were Tanned Equine and Bovine Hides ($24.4M), Soybean Meal ($20M), and Frozen Bovine Meat ($9.42M). Over the past 5 years the exports of Paraguay to Italy have decreased at an annualized rate of 18.1%,  from $184M in 2018 to $67.5M in 2023.

In 2023, Paraguay did not export any services to Italy.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €1.7M and imported €3.09M from Paraguay, resulting in a negative trade balance of €1.39M. Between October 2023 and October 2024 the exports of Italy have increased by €434k (34.1%) from €1.27M to €1.7M, while imports increased by €752k (32.1%) from €2.34M to €3.09M.

Growth In October 2024, the increase in Italy's year-by-year exports to Paraguay was explained primarily by an increase in product exports in . In October 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 (October 2023 - October 2024)€434k(34.1%)
IMPORT GROWTH (October 2023 - October 2024)€752k(32.1%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $135M to Paraguay. The main products exported from Italy to Paraguay were Industrial Food Preperation Machinery ($9.82M), Washing and Bottling Machines ($6.87M), and Other Electrical Machinery ($6.09M). During the last 5 years the exports of Italy to Paraguay have increased at an annualized rate of 6.72%, from $97.3M in 2018 to $135M in 2023.

In 2018, Paraguay exported $67.5M to Italy. The main products exported from Paraguay to Italy were Tanned Equine and Bovine Hides ($24.4M), Soybean Meal ($20M), and Frozen Bovine Meat ($9.42M). During the last 5 years the exports of Paraguay to Italy have decreased at an annualized rate of 18.1%, from $184M in 2023 to $67.5M in 2018.

Exports from Italy (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Italy than Paraguay included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, countries that imported more from Paraguay than Italy included Argentina ($4B), Uruguay ($274M), and Bolivia ($167M).

Difference in imports from Paraguay (Flag) and Italy (Flag) (2023)

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 2023, Italy had a large net trade with Paraguay in the exports of Machines ($62M), Chemical Products ($23.5M), and Instruments ($7.21M).

During 2018, Paraguay had a large net trade with Italy in the exports of Animal Hides ($24.5M), Foodstuffs ($21.4M), and Animal Products ($11.3M).

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) (2023)

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