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2023
Flag → Flag
Exports $300MRnk 4 / 153
2023
Flag → Flag
Top Product $49.5MOther Oily Seeds
2023
Flag → Flag
Exports $1.28BRnk 75 / 220
2023
Flag → Flag
Top Product $601MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
GDP PC $6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Paraguay-United States Trade: In 2023, Paraguay exported $300M to United States. The main products that Paraguay exported to United States were Other Oily Seeds ($49.5M), Other Leather Articles ($31.7M), and Raw Sugar ($31.5M). Over the past 5 years the exports of Paraguay to United States have increased at an annualized rate of 17.3%, from $135M in 2018 to $300M in 2023.

In 2023, Paraguay did not export any services to United States.

United States-Paraguay Trade: In 2023, United States exported $1.28B to Paraguay. The main products that United States exported to Paraguay were Refined Petroleum ($601M), Vaccines, blood, antisera, toxins and cultures ($66.9M), and Mixed Mineral or Chemical Fertilizers ($63M). Over the past 5 years the exports of United States to Paraguay have increased at an annualized rate of 2.55%,  from $1.12B in 2018 to $1.28B in 2023.

In 2023, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $300M to United States. The main products exported from Paraguay to United States were Other Oily Seeds ($49.5M), Other Leather Articles ($31.7M), and Raw Sugar ($31.5M). During the last 5 years the exports of Paraguay to United States have increased at an annualized rate of 17.3%, from $135M in 2018 to $300M in 2023.

In 2018, United States exported $1.28B to Paraguay. The main products exported from United States to Paraguay were Refined Petroleum ($601M), Vaccines, blood, antisera, toxins and cultures ($66.9M), and Mixed Mineral or Chemical Fertilizers ($63M). During the last 5 years the exports of United States to Paraguay have increased at an annualized rate of 2.55%, from $1.12B in 2023 to $1.28B in 2018.

Exports from Paraguay (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Paraguay (Flag) (2023)

Latest Data

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

Paraguay Exports

United States Exports

Market Competitiveness

Color
Paraguay
Top DestinationArgentina$4B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Paraguay than United States included Syria ($5.2M).

In 2023, countries that imported more from United States than Paraguay included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Paraguay (Flag) (2023)

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 2023, Paraguay had a large net trade with United States in the exports of Vegetable Products ($61.4M), Foodstuffs ($50.4M), and Animal Hides ($37.4M).

During 2018, United States had a large net trade with Paraguay in the exports of Mineral Products ($611M), Chemical Products ($255M), and Machines ($149M).

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) (2023)

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