Mongolia (MNG) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Mongolia-Paraguay Trade: In 2022, Mongolia exported $224 to Paraguay. The main products that Mongolia exported to Paraguay were Knit T-shirts ($224). Over the past 7 years the exports of Mongolia to Paraguay have decreased at an annualized rate of 38%, from $6.38k in 2015 to $224 in 2022.

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

Paraguay-Mongolia Trade: In 2022, Paraguay exported $12.5k to Mongolia. The main products that Paraguay exported to Mongolia were Other Oily Seeds ($12.1k), Vaccines, blood, antisera, toxins and cultures ($183), and Essential Oils ($131). Over the past 7 years the exports of Paraguay to Mongolia have increased at an annualized rate of 88.5%, from $526 in 2015 to $12.5k in 2022.

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

Comparison: In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). 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, Mongolia exported $224 to Paraguay. The main products exported from Mongolia to Paraguay were Knit T-shirts ($224). During the last 7 years the exports of Mongolia to Paraguay have decreased at an annualized rate of 38%, from $6.38k in 2015 to $224 in 2022.

In 2017, Paraguay exported $12.5k to Mongolia. The main products exported from Paraguay to Mongolia were Other Oily Seeds ($12.1k), Vaccines, blood, antisera, toxins and cultures ($183), and Essential Oils ($131). During the last 5 years the exports of Paraguay to Mongolia have increased at an annualized rate of 88.5%, from $526 in 2022 to $12.5k in 2017.

Exports from Mongolia () to Paraguay () (2022)

Exports from Paraguay () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Mongolia than Paraguay included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

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

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

Comparative Advantage Mongolia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Paraguay in the exports of Textiles ($224).

During 2017, Paraguay had a large net trade with Mongolia in the exports of Vegetable Products ($12.2k) and Chemical Products ($314).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Mongolia Paraguay+$1.38kRubber Tires

Top Product Potential Paraguay Mongolia+$10.7kOther Oily Seeds

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Paraguay () (2022)

Exports from Paraguay () to Mongolia () (2022)

Market Competitiveness

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

Comparative Advantage Mongolia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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