Paraguay (PRY) and Sierra Leone (SLE) Trade | The Observatory of Economic Complexity

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Paraguay-Sierra Leone Trade: In 2022, Paraguay exported $1.66M to Sierra Leone. The main products that Paraguay exported to Sierra Leone were Rice ($1.26M) and Edible Offal ($401k). Over the past 5 years the exports of Paraguay to Sierra Leone have decreased at an annualized rate of 8.91%, from $2.64M in 2017 to $1.66M in 2022.

In 2022, Paraguay did not export any services to Sierra Leone.

Sierra Leone-Paraguay Trade: In 2022, Sierra Leone exported $419 to Paraguay. The main products that Sierra Leone exported to Paraguay were Electrical Ignitions ($377), Knit Women's Undergarments ($31), and Iron Springs ($11). Over the past 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 59.2%, from $37.3k in 2017 to $419 in 2022.

In 2022, Sierra Leone 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, Sierra Leone ranked 159 in total exports ($1.15B), 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 $1.66M to Sierra Leone. The main products exported from Paraguay to Sierra Leone were Rice ($1.26M) and Edible Offal ($401k). During the last 5 years the exports of Paraguay to Sierra Leone have decreased at an annualized rate of 8.91%, from $2.64M in 2017 to $1.66M in 2022.

In 2017, Sierra Leone exported $419 to Paraguay. The main products exported from Sierra Leone to Paraguay were Electrical Ignitions ($377), Knit Women's Undergarments ($31), and Iron Springs ($11). During the last 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 59.2%, from $37.3k in 2022 to $419 in 2017.

Exports from Paraguay () to Sierra Leone () (2022)

Exports from Sierra Leone () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Sierra Leone ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Sierra Leone
Top DestinationChina$622M

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

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

In 2022, countries that imported more from Sierra Leone than Paraguay included China ($622M), Belgium ($136M), and United Arab Emirates ($64.6M).

Difference in imports from Sierra Leone () and Paraguay () (2022)

Comparative Advantage Paraguay - Sierra Leone

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Sierra Leone in the exports of Vegetable Products ($1.26M) and Animal Products ($401k).

During 2017, Sierra Leone had a large net trade with Paraguay in the exports of Machines ($377), Textiles ($31), and Metals ($11).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Sierra Leone+$328kRice

Top Product Potential Sierra Leone Paraguay+$1.37kElectrical Ignitions

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Sierra Leone () (2022)

Exports from Sierra Leone () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Sierra Leone ()

Paraguay Exports

Market Competitiveness

Difference in imports from Sierra Leone () and Paraguay () (2022)

Comparative Advantage Paraguay - Sierra Leone

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Sierra Leone () (2022)

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