Paraguay (PRY) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Paraguay-Georgia Trade: In 2022, Paraguay exported $9.72M to Georgia. The main products that Paraguay exported to Georgia were Butter ($5.01M), Edible Offal ($1.5M), and Frozen Bovine Meat ($1.09M). Over the past 6 years the exports of Paraguay to Georgia have increased at an annualized rate of 23.4%, from $2.75M in 2016 to $9.72M in 2022.

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

Georgia-Paraguay Trade: In 2022, Georgia exported $12.9k to Paraguay. The main products that Georgia exported to Paraguay were Non-Knit Women's Suits ($4.64k), Safety Glass ($3.66k), and Knit Men's Suits ($3.11k). Over the past 6 years the exports of Georgia to Paraguay have increased at an annualized rate of 86.8%, from $567 in 2016 to $12.9k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $9.72M to Georgia. The main products exported from Paraguay to Georgia were Butter ($5.01M), Edible Offal ($1.5M), and Frozen Bovine Meat ($1.09M). During the last 6 years the exports of Paraguay to Georgia have increased at an annualized rate of 23.4%, from $2.75M in 2016 to $9.72M in 2022.

In 2017, Georgia exported $12.9k to Paraguay. The main products exported from Georgia to Paraguay were Non-Knit Women's Suits ($4.64k), Safety Glass ($3.66k), and Knit Men's Suits ($3.11k). During the last 5 years the exports of Georgia to Paraguay have increased at an annualized rate of 86.8%, from $567 in 2022 to $12.9k in 2017.

Exports from Paraguay () to Georgia () (2022)

Exports from Georgia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Georgia ()

Paraguay Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Paraguay included China ($759M), Azerbaijan ($668M), and Armenia ($571M).

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

Comparative Advantage Paraguay - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Georgia in the exports of Animal Products ($9.57M), Vegetable Products ($95.2k), and Chemical Products ($46.7k).

During 2017, Georgia had a large net trade with Paraguay in the exports of Textiles ($8.38k), Stone And Glass ($3.66k), and Machines ($543).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Georgia+$566kFrozen Bovine Meat

Top Product Potential Georgia Paraguay+$11.4kNon-Knit Women's Suits

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Georgia () (2022)

Exports from Georgia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Georgia ()

Paraguay Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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