2023
Flag  
GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC 
$6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195

About

Paraguay-Chinese Taipei Trade: In 2023, Paraguay exported $226M to Chinese Taipei. The main products that Paraguay exported to Chinese Taipei were Frozen Bovine Meat ($194M), Pig Meat ($13.4M), and Edible Offal ($6.37M). Over the past 5 years the exports of Paraguay to Chinese Taipei have increased at an annualized rate of 43.6%, from $36.9M in 2018 to $226M in 2023.

In 2023, Paraguay did not export any services to Chinese Taipei.

Chinese Taipei-Paraguay Trade: In 2023, Chinese Taipei exported $63.2M to Paraguay. The main products that Chinese Taipei exported to Paraguay were Refined Petroleum ($15.2M), Broadcasting Equipment ($4.2M), and Base Metal Watches ($4.01M). Over the past 5 years the exports of Chinese Taipei to Paraguay have increased at an annualized rate of 8.46%,  from $42.1M in 2018 to $63.2M in 2023.

In 2023, Chinese Taipei 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, Chinese Taipei ranked 2 in the Economic Complexity Index (ECI 2), and 11 in total exports ($509B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $226M to Chinese Taipei. The main products exported from Paraguay to Chinese Taipei were Frozen Bovine Meat ($194M), Pig Meat ($13.4M), and Edible Offal ($6.37M). During the last 5 years the exports of Paraguay to Chinese Taipei have increased at an annualized rate of 43.6%, from $36.9M in 2018 to $226M in 2023.

In 2018, Chinese Taipei exported $63.2M to Paraguay. The main products exported from Chinese Taipei to Paraguay were Refined Petroleum ($15.2M), Broadcasting Equipment ($4.2M), and Base Metal Watches ($4.01M). During the last 5 years the exports of Chinese Taipei to Paraguay have increased at an annualized rate of 8.46%, from $42.1M in 2023 to $63.2M in 2018.

Exports from Paraguay (Flag) to Chinese Taipei (Flag) (2023)

Exports from Chinese Taipei (Flag) to Paraguay (Flag) (2023)

Market Competitiveness

Color
Paraguay
Top Destination
Argentina$4B
Chinese Taipei
Top Destination
China$101B

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

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

In 2023, countries that imported more from Chinese Taipei than Paraguay included China ($101B), United States ($85.6B), and Hong Kong ($66.1B).

Difference in imports from Chinese Taipei (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - Chinese Taipei

Flow
Scale

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

During 2023, Paraguay had a large net trade with Chinese Taipei in the exports of Animal Products ($218M), Vegetable Products ($6.15M), and Metals ($1.09M).

During 2018, Chinese Taipei had a large net trade with Paraguay in the exports of Machines ($22.3M), Mineral Products ($15.2M), and Instruments ($5.09M).

Economic Complexity

Competitive Landscape

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

Product Space of Paraguay (Flag) and Chinese Taipei (Flag) (2023)

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