Paraguay (PRY) and Norway (NOR) Trade | The Observatory of Economic Complexity

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Paraguay-Norway Trade: In 2023, Paraguay exported $1.34M to Norway. The main products that Paraguay exported to Norway were Other Oily Seeds ($630k), Wood Charcoal ($190k), and Other Processed Fruits and Nuts ($149k). Over the past 5 years the exports of Paraguay to Norway have increased at an annualized rate of 0.51%, from $1.3M in 2018 to $1.34M in 2023.

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

Norway-Paraguay Trade: In 2023, Norway exported $2.85M to Paraguay. The main products that Norway exported to Paraguay were Electrical Transformers ($949k), Pesticides ($354k), and Animal or Vegetable Fertilizers ($200k). Over the past 5 years the exports of Norway to Paraguay have decreased at an annualized rate of 1.3%, from $3.05M in 2018 to $2.85M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $1.34M to Norway. The main products exported from Paraguay to Norway were Other Oily Seeds ($630k), Wood Charcoal ($190k), and Other Processed Fruits and Nuts ($149k). During the last 5 years the exports of Paraguay to Norway have increased at an annualized rate of 0.51%, from $1.3M in 2018 to $1.34M in 2023.

In 2018, Norway exported $2.85M to Paraguay. The main products exported from Norway to Paraguay were Electrical Transformers ($949k), Pesticides ($354k), and Animal or Vegetable Fertilizers ($200k). During the last 5 years the exports of Norway to Paraguay have decreased at an annualized rate of 1.3%, from $3.05M in 2023 to $2.85M in 2018.

Exports from Paraguay () to Norway () (2023)

Exports from Norway () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Norway ()

Paraguay Exports

Date

Norway Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Norway
Top DestinationGermany$33.8B

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

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

In 2023, countries that imported more from Norway than Paraguay included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Paraguay - Norway

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Norway in the exports of Vegetable Products ($635k), Wood Products ($207k), and Foodstuffs ($172k).

During 2018, Norway had a large net trade with Paraguay in the exports of Machines ($1.2M), Chemical Products ($1.09M), and Transportation ($179k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Norway+$152kWood Charcoal

Top Product Potential Norway Paraguay+$287kPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Norway () (2023)

Exports from Norway () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Norway ()

Paraguay Exports

Norway Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Norway

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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