Paraguay (PRY) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Paraguay-Ireland Trade: In 2023, Paraguay exported $31.1M to Ireland. The main products that Paraguay exported to Ireland were Soybean Meal ($28.9M), Planes, Helicopters, and/or Spacecraft ($1.4M), and Other Oily Seeds ($341k). Over the past 5 years the exports of Paraguay to Ireland have increased at an annualized rate of 58.8%, from $3.09M in 2018 to $31.1M in 2023.

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

Ireland-Paraguay Trade: In 2023, Ireland exported $20.8M to Paraguay. The main products that Ireland exported to Paraguay were Vaccines, blood, antisera, toxins and cultures ($13M), Other Plastic Products ($2.85M), and Packaged Medicaments ($1M). Over the past 5 years the exports of Ireland to Paraguay have increased at an annualized rate of 23.4%, from $7.29M in 2018 to $20.8M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $31.1M to Ireland. The main products exported from Paraguay to Ireland were Soybean Meal ($28.9M), Planes, Helicopters, and/or Spacecraft ($1.4M), and Other Oily Seeds ($341k). During the last 5 years the exports of Paraguay to Ireland have increased at an annualized rate of 58.8%, from $3.09M in 2018 to $31.1M in 2023.

In 2018, Ireland exported $20.8M to Paraguay. The main products exported from Ireland to Paraguay were Vaccines, blood, antisera, toxins and cultures ($13M), Other Plastic Products ($2.85M), and Packaged Medicaments ($1M). During the last 5 years the exports of Ireland to Paraguay have increased at an annualized rate of 23.4%, from $7.29M in 2023 to $20.8M in 2018.

Exports from Paraguay () to Ireland () (2023)

Exports from Ireland () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Ireland ()

Paraguay Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Ireland
Top DestinationUnited States$67.4B

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

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

In 2023, countries that imported more from Ireland than Paraguay included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

Difference in imports from Ireland () and Paraguay () (2023)

Comparative Advantage Paraguay - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Ireland in the exports of Foodstuffs ($29.2M), Transportation ($1.4M), and Vegetable Products ($380k).

During 2018, Ireland had a large net trade with Paraguay in the exports of Chemical Products ($14.4M), Plastics and Rubbers ($3.17M), and Instruments ($1.45M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Ireland+$158kVaccines, blood, antisera, toxins and cultures

Top Product Potential Ireland Paraguay+$5.78MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Ireland () (2023)

Exports from Ireland () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Ireland ()

Paraguay Exports

Ireland Exports

Market Competitiveness

Difference in imports from Ireland () and Paraguay () (2023)

Comparative Advantage Paraguay - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Ireland () (2023)

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