Paraguay (PRY) and Switzerland (CHE) Trade | The Observatory of Economic Complexity

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Paraguay-Switzerland Trade: In 2022, Paraguay exported $21.1M to Switzerland. The main products that Paraguay exported to Switzerland were Bovine Meat ($12.3M), Raw Sugar ($3.84M), and Essential Oils ($1.47M). Over the past 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 19.2%, from $61.4M in 2017 to $21.1M in 2022.

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

Switzerland-Paraguay Trade: In 2022, Switzerland exported $81.1M to Paraguay. The main products that Switzerland exported to Paraguay were Refined Petroleum ($27.9M), Packaged Medicaments ($8.08M), and Petroleum Coke ($7.22M). Over the past 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 16.5%, from $37.7M in 2017 to $81.1M in 2022.

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

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $21.1M to Switzerland. The main products exported from Paraguay to Switzerland were Bovine Meat ($12.3M), Raw Sugar ($3.84M), and Essential Oils ($1.47M). During the last 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 19.2%, from $61.4M in 2017 to $21.1M in 2022.

In 2017, Switzerland exported $81.1M to Paraguay. The main products exported from Switzerland to Paraguay were Refined Petroleum ($27.9M), Packaged Medicaments ($8.08M), and Petroleum Coke ($7.22M). During the last 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 16.5%, from $37.7M in 2022 to $81.1M in 2017.

Exports from Paraguay () to Switzerland () (2022)

Exports from Switzerland () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Switzerland ()

Paraguay Exports

Date

Switzerland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Switzerland
Top DestinationUnited States$61.7B

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

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

In 2022, countries that imported more from Switzerland than Paraguay included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

Comparative Advantage Paraguay - Switzerland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Switzerland in the exports of Animal Products ($13.5M), Foodstuffs ($4.06M), and Chemical Products ($1.59M).

During 2017, Switzerland had a large net trade with Paraguay in the exports of Mineral Products ($38.3M), Chemical Products ($18.9M), and Machines ($7.73M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Switzerland+$948kBovine Meat

Top Product Potential Switzerland Paraguay+$6.73MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Switzerland () (2022)

Exports from Switzerland () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Switzerland ()

Paraguay Exports

Switzerland Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Switzerland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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