Paraguay (PRY) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Paraguay-Spain Trade: In 2022, Paraguay exported $30M to Spain. The main products that Paraguay exported to Spain were Wood Charcoal ($4.77M), Scrap Copper ($3.72M), and Other Oily Seeds ($3.02M). Over the past 5 years the exports of Paraguay to Spain have decreased at an annualized rate of 32.5%, from $213M in 2017 to $30M in 2022.

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

Spain-Paraguay Trade: In 2022, Spain exported $166M to Paraguay. The main products that Spain exported to Paraguay were Perfumes ($27.3M), Packaged Medicaments ($6.33M), and Mixed Mineral or Chemical Fertilizers ($5.59M). Over the past 5 years the exports of Spain to Paraguay have increased at an annualized rate of 3.35%, from $141M in 2017 to $166M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $30M to Spain. The main products exported from Paraguay to Spain were Wood Charcoal ($4.77M), Scrap Copper ($3.72M), and Other Oily Seeds ($3.02M). During the last 6 years the exports of Paraguay to Spain have decreased at an annualized rate of 12.1%, from $48 in 2015 to $30M in 2022.

In 2017, Spain exported $166M to Paraguay. The main products exported from Spain to Paraguay were Perfumes ($27.3M), Packaged Medicaments ($6.33M), and Mixed Mineral or Chemical Fertilizers ($5.59M). During the last 5 years the exports of Spain to Paraguay have increased at an annualized rate of 11.4%, from $435k in 2021 to $166M in 2017.

Exports from Paraguay () to Spain () (2022)

Exports from Spain () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Spain ()

Paraguay Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Paraguay than Spain included Argentina ($1.91B), Nepal ($25.9M), and British Virgin Islands ($694k).

In 2022, countries that imported more from Spain than Paraguay included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Paraguay - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Spain in the exports of Vegetable Products ($10.2M), Metals ($5.46M), and Wood Products ($5.25M).

During 2017, Spain had a large net trade with Paraguay in the exports of Chemical Products ($59.6M), Machines ($34.6M), and Metals ($10.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Spain+$2.6MBovine Meat

Top Product Potential Spain Paraguay+$5.15MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Paraguay and Spain. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Spain () (2022)

Exports from Spain () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Spain ()

Paraguay Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Spain

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring