Paraguay (PRY) and Iceland (ISL) Trade | The Observatory of Economic Complexity

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Paraguay-Iceland Trade: In 2022, Paraguay exported $51.2k to Iceland. The main products that Paraguay exported to Iceland were Raw Sugar ($27.4k), Tropical Fruits ($9.32k), and Buckwheat ($7.5k). Over the past 5 years the exports of Paraguay to Iceland have decreased at an annualized rate of 8.9%, from $81.6k in 2017 to $51.2k in 2022.

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

Iceland-Paraguay Trade: In 2022, Iceland exported $33.6k to Paraguay. The main products that Iceland exported to Paraguay were Small Iron Containers ($21.6k), Fish oil ($6.96k), and Computers ($4.74k). Over the past 5 years the exports of Iceland to Paraguay have increased at an annualized rate of 30.8%, from $6.72k in 2017 to $33.6k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $51.2k to Iceland. The main products exported from Paraguay to Iceland were Raw Sugar ($27.4k), Tropical Fruits ($9.32k), and Buckwheat ($7.5k). During the last 5 years the exports of Paraguay to Iceland have decreased at an annualized rate of 8.9%, from $81.6k in 2017 to $51.2k in 2022.

In 2017, Iceland exported $33.6k to Paraguay. The main products exported from Iceland to Paraguay were Small Iron Containers ($21.6k), Fish oil ($6.96k), and Computers ($4.74k). During the last 5 years the exports of Iceland to Paraguay have increased at an annualized rate of 30.8%, from $6.72k in 2022 to $33.6k in 2017.

Exports from Paraguay () to Iceland () (2022)

Exports from Iceland () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Iceland ()

Paraguay Exports

Date

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Iceland
Top DestinationNetherlands$1.97B

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

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

In 2022, countries that imported more from Iceland than Paraguay included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

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

Comparative Advantage Paraguay - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Iceland in the exports of Foodstuffs ($27.4k), Vegetable Products ($22k), and Textiles ($1.39k).

During 2017, Iceland had a large net trade with Paraguay in the exports of Metals ($21.6k), Animal and Vegetable Bi-Products ($6.96k), and Machines ($4.74k).

Potential Exports

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Iceland () (2022)

Exports from Iceland () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Iceland ()

Paraguay Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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