Paraguay (PRY) and Iraq (IRQ) Trade | The Observatory of Economic Complexity

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Paraguay-Iraq Trade: In 2023, Paraguay exported $6.83M to Iraq. The main products that Paraguay exported to Iraq were Frozen Bovine Meat ($4.17M), Poultry Meat ($2.54M), and Other Oily Seeds ($85.9k). Over the past 5 years the exports of Paraguay to Iraq have decreased at an annualized rate of 16.8%, from $17.2M in 2018 to $6.83M in 2023.

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

Iraq-Paraguay Trade: In 2023, Iraq exported $52.7k to Paraguay. The main products that Iraq exported to Paraguay were Asphalt Mixtures ($52.6k) and Computers ($170). Over the past 5 years the exports of Iraq to Paraguay have increased at an annualized rate of 22.6%, from $19k in 2018 to $52.7k in 2023.

In 2023, Iraq 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, Iraq ranked 97 in the Economic Complexity Index (ECI -0.71), and 40 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $6.83M to Iraq. The main products exported from Paraguay to Iraq were Frozen Bovine Meat ($4.17M), Poultry Meat ($2.54M), and Other Oily Seeds ($85.9k). During the last 5 years the exports of Paraguay to Iraq have decreased at an annualized rate of 16.8%, from $17.2M in 2018 to $6.83M in 2023.

In 2018, Iraq exported $52.7k to Paraguay. The main products exported from Iraq to Paraguay were Asphalt Mixtures ($52.6k) and Computers ($170). During the last 5 years the exports of Iraq to Paraguay have increased at an annualized rate of 22.6%, from $19k in 2023 to $52.7k in 2018.

Exports from Paraguay () to Iraq () (2023)

Exports from Iraq () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Iraq ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Iraq
Top DestinationChina$35.5B

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

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

In 2023, countries that imported more from Iraq than Paraguay included China ($35.5B), India ($29.8B), and United States ($8.92B).

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

Comparative Advantage Paraguay - Iraq

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Iraq in the exports of Animal Products ($6.72M), Vegetable Products ($85.9k), and Wood Products ($30.6k).

During 2018, Iraq had a large net trade with Paraguay in the exports of Mineral Products ($52.6k) and Machines ($170).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Iraq+$1.35MFrozen Bovine Meat

Top Product Potential Iraq Paraguay+$6.08kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Iraq () (2023)

Exports from Iraq () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Iraq ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Iraq

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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