2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$1.67TCURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP GROWTH
30.3%CURRENT US$
Rnk 100 / 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
$32,255CURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Paraguay-South Korea Trade: In 2022, Paraguay exported $95.6M to South Korea. The main products that Paraguay exported to South Korea were Corn ($83.9M), Scrap Copper ($4.52M), and Preserved Meat ($2.09M). Over the past 5 years the exports of Paraguay to South Korea have decreased at an annualized rate of 1.02%, from $101M in 2017 to $95.6M in 2022.

In 2022, Paraguay did not export any services to South Korea.

South Korea-Paraguay Trade: In 2022, South Korea exported $169M to Paraguay. The main products that South Korea exported to Paraguay were Cars ($68.4M), Motor vehicles; parts and accessories (8701 to 8705) ($12.9M), and Aluminium Plating ($8.73M). Over the past 5 years the exports of South Korea to Paraguay have decreased at an annualized rate of 1.91%,  from $187M in 2017 to $169M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $95.6M to South Korea. The main products exported from Paraguay to South Korea were Corn ($83.9M), Scrap Copper ($4.52M), and Preserved Meat ($2.09M). During the last 5 years the exports of Paraguay to South Korea have decreased at an annualized rate of 1.02%, from $101M in 2017 to $95.6M in 2022.

In 2017, South Korea exported $169M to Paraguay. The main products exported from South Korea to Paraguay were Cars ($68.4M), Motor vehicles; parts and accessories (8701 to 8705) ($12.9M), and Aluminium Plating ($8.73M). During the last 5 years the exports of South Korea to Paraguay have decreased at an annualized rate of 1.91%, from $187M in 2022 to $169M in 2017.

Exports from Paraguay (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and South Korea (Flag)

Paraguay Exports

South Korea Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
South Korea
Top Destination
China$150B

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

In 2022, countries that imported more from Paraguay than South Korea included Argentina ($1.91B), Uruguay ($203M), and Bolivia ($97M).

In 2022, countries that imported more from South Korea than Paraguay included China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - South Korea

Flow
Scale

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

During 2022, Paraguay had a large net trade with South Korea in the exports of Vegetable Products ($84.5M), Metals ($5.24M), and Foodstuffs ($2.29M).

During 2017, South Korea had a large net trade with Paraguay in the exports of Transportation ($89.3M), Machines ($33.8M), and Plastics and Rubbers ($14.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay South Korea+$1.9MScrap Copper
Top Product Potential South Korea Paraguay+$16.4MCars

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

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

Product Space of Paraguay (Flag) and South Korea (Flag) (2022)

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