2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Paraguay-India Trade: In 2022, Paraguay exported $267M to India. The main products that Paraguay exported to India were Soybean Oil ($141M), Scrap Iron ($5.56M), and Scrap Aluminium ($4.22M). Over the past 5 years the exports of Paraguay to India have increased at an annualized rate of 254%, from $477k in 2017 to $267M in 2022.

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

India-Paraguay Trade: In 2022, India exported $164M to Paraguay. The main products that India exported to Paraguay were Refined Petroleum ($79.3M), Pesticides ($29.2M), and Cars ($26.1M). Over the past 5 years the exports of India to Paraguay have increased at an annualized rate of 70.1%,  from $11.6M in 2017 to $164M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $267M to India. The main products exported from Paraguay to India were Soybean Oil ($141M), Scrap Iron ($5.56M), and Scrap Aluminium ($4.22M). During the last 5 years the exports of Paraguay to India have increased at an annualized rate of 254%, from $477k in 2017 to $267M in 2022.

In 2017, India exported $164M to Paraguay. The main products exported from India to Paraguay were Refined Petroleum ($79.3M), Pesticides ($29.2M), and Cars ($26.1M). During the last 22 years the exports of India to Paraguay have increased at an annualized rate of 70.1%, from $11.6M in 1995 to $164M in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and India (Flag)

Paraguay Exports

India Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
India
Top Destination
United States$82.9B

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

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

In 2022, countries that imported more from India than Paraguay included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Paraguay - India

Flow
Scale

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

During 2022, Paraguay had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($142M), Metals ($10.3M), and Chemical Products ($3.52M).

During 2017, India had a large net trade with Paraguay in the exports of Chemical Products ($82M), Mineral Products ($79.5M), and Metals ($39M).

Economic Complexity

Competitive Landscape

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

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

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