Paraguay (PRY) and Japan (JPN) Trade | The Observatory of Economic Complexity

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Paraguay-Japan Trade: In 2023, Paraguay exported $51.5M to Japan. The main products that Paraguay exported to Japan were Other Oily Seeds ($21.1M), Corn ($19.9M), and Soybean Meal ($7.79M). Over the past 5 years the exports of Paraguay to Japan have increased at an annualized rate of 9.77%, from $32.3M in 2018 to $51.5M in 2023.

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

Japan-Paraguay Trade: In 2023, Japan exported $266M to Paraguay. The main products that Japan exported to Paraguay were Cars ($138M), Delivery Trucks ($13M), and Scented Mixtures ($11.7M). Over the past 5 years the exports of Japan to Paraguay have decreased at an annualized rate of 6.49%, from $372M in 2018 to $266M in 2023.

In 2023, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $51.5M to Japan. The main products exported from Paraguay to Japan were Other Oily Seeds ($21.1M), Corn ($19.9M), and Soybean Meal ($7.79M). During the last 5 years the exports of Paraguay to Japan have increased at an annualized rate of 9.77%, from $32.3M in 2018 to $51.5M in 2023.

In 2018, Japan exported $266M to Paraguay. The main products exported from Japan to Paraguay were Cars ($138M), Delivery Trucks ($13M), and Scented Mixtures ($11.7M). During the last 5 years the exports of Japan to Paraguay have decreased at an annualized rate of 6.49%, from $372M in 2023 to $266M in 2018.

Exports from Paraguay () to Japan () (2023)

Exports from Japan () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Japan ()

Paraguay Exports

Date

Japan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Paraguay than Japan included Argentina ($4B), Uruguay ($274M), and Sierra Leone ($14.1M).

In 2023, countries that imported more from Japan than Paraguay included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Paraguay - Japan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Japan in the exports of Vegetable Products ($42.4M), Foodstuffs ($8.13M), and Metals ($370k).

During 2018, Japan had a large net trade with Paraguay in the exports of Transportation ($161M), Machines ($50.8M), and Chemical Products ($23.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Japan+$843kSoybean Meal

Top Product Potential Japan Paraguay+$22.4MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Japan () (2023)

Exports from Japan () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Japan ()

Paraguay Exports

Japan Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Japan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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