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2022
Flag → Flag
Exports $265MRnk 5 / 158
2022
Flag → Flag
Top Product $35.3MOther Oily Seeds
2022
Flag → Flag
Exports $1.7BRnk 69 / 219
2022
Flag → Flag
Top Product $512MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Paraguay-United States Trade: In 2022, Paraguay exported $265M to United States. The main products that Paraguay exported to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). Over the past 5 years the exports of Paraguay to United States have increased at an annualized rate of 15.6%, from $128M in 2017 to $265M in 2022.

In 2022, Paraguay did not export any services to United States.

United States-Paraguay Trade: In 2022, United States exported $1.7B to Paraguay. The main products that United States exported to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). Over the past 5 years the exports of United States to Paraguay have decreased at an annualized rate of 1.01%,  from $1.79B in 2017 to $1.7B in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $265M to United States. The main products exported from Paraguay to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). During the last 5 years the exports of Paraguay to United States have increased at an annualized rate of 15.6%, from $128M in 2017 to $265M in 2022.

In 2017, United States exported $1.7B to Paraguay. The main products exported from United States to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). During the last 5 years the exports of United States to Paraguay have decreased at an annualized rate of 1.01%, from $1.79B in 2022 to $1.7B in 2017.

Exports from Paraguay (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and United States (Flag)

Paraguay Exports

United States Exports

Market Competitiveness

Color
Paraguay
Top DestinationBrazil$3.67B
United States
Top DestinationCanada$308B

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

In 2022, no countries were registered that imported more from Paraguay than from United States.

In 2022, countries that imported more from United States than Paraguay included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - United States

Flow
Scale

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

During 2022, Paraguay had a large net trade with United States in the exports of Foodstuffs ($58.3M), Vegetable Products ($46.3M), and Animal Hides ($35.3M).

During 2017, United States had a large net trade with Paraguay in the exports of Machines ($752M), Mineral Products ($523M), and Chemical Products ($172M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay United States+$18.1MInsulated Wire
Top Product Potential United States Paraguay+$23.6MCars

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

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

Product Space of Paraguay (Flag) and United States (Flag) (2022)

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