Paraguay (PRY) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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Paraguay-Nepal Trade: In 2022, Paraguay exported $25.9M to Nepal. The main products that Paraguay exported to Nepal were Soybean Oil ($25.9M) and Other Cloth Articles ($120). Over the past 5 years the exports of Paraguay to Nepal have increased at an annualized rate of 6.3%, from $19.1M in 2017 to $25.9M in 2022.

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

Nepal-Paraguay Trade: In 2022, Nepal exported $1.36k to Paraguay. The main products that Nepal exported to Paraguay were Percussion ($1.33k), Microphones and Headphones ($15), and Centrifuges ($10). Over the past 5 years the exports of Nepal to Paraguay have decreased at an annualized rate of 7.32%, from $1.99k in 2017 to $1.36k in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), 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 $25.9M to Nepal. The main products exported from Paraguay to Nepal were Soybean Oil ($25.9M) and Other Cloth Articles ($120). During the last 5 years the exports of Paraguay to Nepal have increased at an annualized rate of 6.3%, from $19.1M in 2017 to $25.9M in 2022.

In 2017, Nepal exported $1.36k to Paraguay. The main products exported from Nepal to Paraguay were Percussion ($1.33k), Microphones and Headphones ($15), and Centrifuges ($10). During the last 5 years the exports of Nepal to Paraguay have decreased at an annualized rate of 7.32%, from $1.99k in 2022 to $1.36k in 2017.

Exports from Paraguay () to Nepal () (2022)

Exports from Nepal () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Nepal ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Nepal
Top DestinationIndia$956M

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

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

In 2022, countries that imported more from Nepal than Paraguay included India ($956M), Turkey ($28.3M), and Central African Republic ($8.88M).

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

Comparative Advantage Paraguay - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Nepal in the exports of Animal and Vegetable Bi-Products ($25.9M) and Textiles ($120).

During 2017, Nepal had a large net trade with Paraguay in the exports of Instruments ($1.33k) and Machines ($25).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Nepal+$3.13kElectricity

Top Product Potential Nepal Paraguay+$1.77kCoated Flat-Rolled Iron

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Nepal () (2022)

Exports from Nepal () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Nepal ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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