2023
Flag  
GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP
$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH
9.57%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC 
$6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC
$64,821CURRENT US$
Rnk 16 / 196
2013-2023
Flag
GDP PC GROWTH
-4.94%CURRENT US$
Rnk 159 / 195

About

Paraguay-Australia Trade: In 2023, Paraguay exported $6.57M to Australia. The main products that Paraguay exported to Australia were Other Oily Seeds ($4.06M), Buckwheat ($1.43M), and Wood Charcoal ($254k). Over the past 5 years the exports of Paraguay to Australia have increased at an annualized rate of 23.6%, from $2.28M in 2018 to $6.57M in 2023.

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

Australia-Paraguay Trade: In 2023, Australia exported $1.57M to Paraguay. The main products that Australia exported to Paraguay were Sowing Seeds ($224k), Electric Furnaces ($196k), and Used Rubber Tires ($176k). Over the past 5 years the exports of Australia to Paraguay have decreased at an annualized rate of 0.14%,  from $1.58M in 2018 to $1.57M in 2023.

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

Comparison: In 2023,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). That same year, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $6.57M to Australia. The main products exported from Paraguay to Australia were Other Oily Seeds ($4.06M), Buckwheat ($1.43M), and Wood Charcoal ($254k). During the last 5 years the exports of Paraguay to Australia have increased at an annualized rate of 23.6%, from $2.28M in 2018 to $6.57M in 2023.

In 2018, Australia exported $1.57M to Paraguay. The main products exported from Australia to Paraguay were Sowing Seeds ($224k), Electric Furnaces ($196k), and Used Rubber Tires ($176k). During the last 5 years the exports of Australia to Paraguay have decreased at an annualized rate of 0.14%, from $1.58M in 2023 to $1.57M in 2018.

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

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

Latest Data

Trade between Paraguay (Flag) and Australia (Flag)

Paraguay Exports

Australia Exports

Market Competitiveness

Color
Paraguay
Top Destination
Argentina$4B
Australia
Top Destination
China$137B

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

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

In 2023, countries that imported more from Australia than Paraguay included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Paraguay - Australia

Flow
Scale

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

During 2023, Paraguay had a large net trade with Australia in the exports of Vegetable Products ($5.66M), Wood Products ($254k), and Foodstuffs ($210k).

During 2018, Australia had a large net trade with Paraguay in the exports of Machines ($448k), Vegetable Products ($241k), and Plastics and Rubbers ($214k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Australia+$229kWood Charcoal
Top Product Potential Australia Paraguay+$411kMotor vehicles; parts and accessories (8701 to 8705)

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

Product Space of Paraguay (Flag) and Australia (Flag) (2023)

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