Morocco (MAR) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Morocco-Paraguay Trade: In 2023, Morocco exported $69.5M to Paraguay. The main products that Morocco exported to Paraguay were Mixed Mineral or Chemical Fertilizers ($56.5M), Phosphatic Fertilizers ($7.78M), and Perfumes ($1.52M). Over the past 5 years the exports of Morocco to Paraguay have increased at an annualized rate of 46.5%, from $10.3M in 2018 to $69.5M in 2023.

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

Paraguay-Morocco Trade: In 2023, Paraguay exported $119k to Morocco. The main products that Paraguay exported to Morocco were Other Oily Seeds ($102k), Perfume Plants ($7.89k), and Molasses ($2.52k). Over the past 5 years the exports of Paraguay to Morocco have decreased at an annualized rate of 19%, from $342k in 2018 to $119k in 2023.

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

Comparison: In 2023, Morocco ranked 79 in the Economic Complexity Index (ECI -0.36), and 60 in total exports ($49.2B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Morocco exported $69.5M to Paraguay. The main products exported from Morocco to Paraguay were Mixed Mineral or Chemical Fertilizers ($56.5M), Phosphatic Fertilizers ($7.78M), and Perfumes ($1.52M). During the last 5 years the exports of Morocco to Paraguay have increased at an annualized rate of 46.5%, from $10.3M in 2018 to $69.5M in 2023.

In 2018, Paraguay exported $119k to Morocco. The main products exported from Paraguay to Morocco were Other Oily Seeds ($102k), Perfume Plants ($7.89k), and Molasses ($2.52k). During the last 5 years the exports of Paraguay to Morocco have decreased at an annualized rate of 19%, from $342k in 2023 to $119k in 2018.

Exports from Morocco () to Paraguay () (2023)

Exports from Paraguay () to Morocco () (2023)

Latest Data

Trade between Morocco () and Paraguay ()

Morocco Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Morocco
Top DestinationSpain$9.8B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Morocco than Paraguay included Spain ($9.8B), France ($8.23B), and Germany ($2.89B).

In 2023, countries that imported more from Paraguay than Morocco included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay () and Morocco () (2023)

Comparative Advantage Morocco - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Morocco had a large net trade with Paraguay in the exports of Chemical Products ($65.8M), Textiles ($1.87M), and Plastics and Rubbers ($1.17M).

During 2018, Paraguay had a large net trade with Morocco in the exports of Vegetable Products ($110k), Foodstuffs ($3.33k), and Plastics and Rubbers ($2.66k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Morocco Paraguay+$5.3MMixed Mineral or Chemical Fertilizers

Top Product Potential Paraguay Morocco+$2.83MCorn

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Morocco () to Paraguay () (2023)

Exports from Paraguay () to Morocco () (2023)

Latest Data

Trade between Morocco () and Paraguay ()

Morocco Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Morocco () (2023)

Comparative Advantage Morocco - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Morocco () and Paraguay () (2023)

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