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Pricing

2022
Flag → Flag
Exports $10.9MRnk 116 / 208
2022
Flag → Flag
Top Product $1.61MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $8.98MRnk 53 / 158
2022
Flag → Flag
Top Product $2.33MRice
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Portugal-Paraguay Trade: In 2022, Portugal exported $10.9M to Paraguay. The main products that Portugal exported to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($1.61M), Wine ($798k), and Low-voltage Protection Equipment ($737k). Over the past 5 years the exports of Portugal to Paraguay have decreased at an annualized rate of 15%, from $24.6M in 2017 to $10.9M in 2022.

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

Paraguay-Portugal Trade: In 2022, Paraguay exported $8.98M to Portugal. The main products that Paraguay exported to Portugal were Rice ($2.33M), Gold ($1.96M), and Bovine Meat ($1.91M). Over the past 5 years the exports of Paraguay to Portugal have decreased at an annualized rate of 36.2%,  from $84.9M in 2017 to $8.98M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

July, 2024

About

Overview In July 2024, Portugal exported €1.1M and imported €669k from Paraguay, resulting in a positive trade balance of €429k. Between July 2023 and July 2024 the exports of Portugal have decreased by €-413k (-27.3%) from €1.51M to €1.1M, while imports decreased by €-235k (-26%) from €904k to €669k.

Trade In July 2024, the top exports of Portugal to Paraguay were Machinery, mechanical appliances, & parts (€317k), Cars, tractors, trucks & parts thereof. (€232k), Beverages, spirits, & vinegar (€132k), Stone, plaster, cement, asbestos, mica. (€65.1k), and Electrical machinery and electronics (€58.7k). In July 2024 the top imports of Portugal from Paraguay were Oils seeds, oleaginous fruits, grains, straw... (€239k), Animal originated products, n.e.s. (€158k), Meat & edible offal (€108k), Cereals (€66.5k), and Wood, wood articles, & charcoal (€66.3k).

Growth In July 2024, the decrease in Portugal's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Electrical machinery and electronics (€-199k or -77.2%), Misc. manufactures (€-104k or -99.8%), and Man-made filaments (€-26.2k or -100%). In July 2024, the decrease in Portugal's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in Cereals (€-763k or -92%), Precious stones, metals, & pearls (€-743k or -100%), and Animal originated products, n.e.s. (€-168k or -51.6%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€-413k(-27.3%)
IMPORT GROWTH (July 2023 - July 2024)€-235k(-26%)

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $10.9M to Paraguay. The main products exported from Portugal to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($1.61M), Wine ($798k), and Low-voltage Protection Equipment ($737k). During the last 5 years the exports of Portugal to Paraguay have decreased at an annualized rate of 15%, from $24.6M in 2017 to $10.9M in 2022.

In 2017, Paraguay exported $8.98M to Portugal. The main products exported from Paraguay to Portugal were Rice ($2.33M), Gold ($1.96M), and Bovine Meat ($1.91M). During the last 5 years the exports of Paraguay to Portugal have decreased at an annualized rate of 36.2%, from $84.9M in 2022 to $8.98M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Portugal than Paraguay included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

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

Comparative Advantage Portugal - Paraguay

Flow
Scale

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

During 2022, Portugal had a large net trade with Paraguay in the exports of Machines ($3.63M), Transportation ($1.98M), and Textiles ($1.84M).

During 2017, Paraguay had a large net trade with Portugal in the exports of Vegetable Products ($3.65M), Animal Products ($3.14M), and Precious Metals ($1.96M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Paraguay+$1.31MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Paraguay Portugal+$2.26MBovine Meat

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

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

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