Nepal (NPL) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Nepal-Paraguay Trade: In 2023, Nepal exported $4.41k to Paraguay. The main products that Nepal exported to Paraguay were Imitation Jewellery ($2.79k), Copper Housewares ($588), and Bells and Other Metal Ornaments ($560). Over the past 7 years the exports of Nepal to Paraguay have decreased at an annualized rate of 9.32%, from $8.75k in 2016 to $4.41k in 2023.

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

Paraguay-Nepal Trade: In 2023, Paraguay exported $29.4M to Nepal. The main products that Paraguay exported to Nepal were N/A. Over the past 7 years the exports of Paraguay to Nepal have increased at an annualized rate of 6.87%, from $21.1M in 2016 to $29.4M in 2023.

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

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index. 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, Nepal exported $4.41k to Paraguay. The main products exported from Nepal to Paraguay were Imitation Jewellery ($2.79k), Copper Housewares ($588), and Bells and Other Metal Ornaments ($560). During the last 7 years the exports of Nepal to Paraguay have decreased at an annualized rate of 9.32%, from $8.75k in 2016 to $4.41k in 2023.

In 2017, Paraguay exported $29.4M to Nepal. There were not main exports from Paraguay to Nepal in 2017. During the last 5 years the exports of Paraguay to Nepal have increased at an annualized rate of 6.87%, from $21.1M in 2022 to $29.4M in 2017.

Exports from Nepal () to Paraguay () (2023)

Exports from Paraguay () to Nepal () (2023)

Latest Data

Trade between Nepal () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Nepal than Paraguay included India ($811M), Denmark ($7.42M), and Australia ($12.5M).

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

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

Comparative Advantage Nepal - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Paraguay in the exports of Precious Metals ($2.79k), Metals ($1.15k), and Stone And Glass ($279).

During 2017, Paraguay had a large net trade with Nepal in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Paraguay+$1.77kCoated Flat-Rolled Iron

Top Product Potential Paraguay Nepal+$3.13kElectricity

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Paraguay () (2023)

Exports from Paraguay () to Nepal () (2023)

Latest Data

Trade between Nepal () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Nepal - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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