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

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Paraguay-Sierra Leone Trade: In 2023, Paraguay exported $14.1M to Sierra Leone. The main products that Paraguay exported to Sierra Leone were Frozen Bovine Meat ($10.9M), Rice ($2.32M), and Edible Offal ($781k). Over the past 5 years the exports of Paraguay to Sierra Leone have increased at an annualized rate of 38.8%, from $2.73M in 2018 to $14.1M in 2023.

In 2023, Paraguay did not export any services to Sierra Leone.

Sierra Leone-Paraguay Trade: In 2023, Sierra Leone exported $378 to Paraguay. The main products that Sierra Leone exported to Paraguay were Electrical Control Boards ($378). Over the past 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 22.2%, from $93.5k in 2018 to $378 in 2023.

In 2023, Sierra Leone 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, Sierra Leone ranked 152 in total exports ($1.52B), 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 2023, Paraguay exported $14.1M to Sierra Leone. The main products exported from Paraguay to Sierra Leone were Frozen Bovine Meat ($10.9M), Rice ($2.32M), and Edible Offal ($781k). During the last 5 years the exports of Paraguay to Sierra Leone have increased at an annualized rate of 38.8%, from $2.73M in 2018 to $14.1M in 2023.

In 2018, Sierra Leone exported $378 to Paraguay. The main products exported from Sierra Leone to Paraguay were Electrical Control Boards ($378). During the last 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 22.2%, from $93.5k in 2023 to $378 in 2018.

Exports from Paraguay () to Sierra Leone () (2023)

Exports from Sierra Leone () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Sierra Leone ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Sierra Leone
Top DestinationChina$1.03B

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

In 2023, countries that imported more from Sierra Leone than Paraguay included China ($1.03B), Belgium ($72.5M), and Ireland ($48M).

Difference in imports from Sierra Leone () and Paraguay () (2023)

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 2023, Paraguay had a large net trade with Sierra Leone in the exports of Animal Products ($11.8M) and Vegetable Products ($2.32M).

During 2018, Sierra Leone had a large net trade with Paraguay in the exports of Machines ($378).

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 () (2023)

Exports from Sierra Leone () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Sierra Leone ()

Paraguay Exports

Market Competitiveness

Difference in imports from Sierra Leone () and Paraguay () (2023)

Comparative Advantage Paraguay - Sierra Leone

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Sierra Leone () (2023)

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