Romania (ROU) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Romania-Paraguay Trade: In 2023, Romania exported $6M to Paraguay. The main products that Romania exported to Paraguay were Packaged Medicaments ($1.09M), Video Displays ($1.05M), and Telephones ($501k). Over the past 5 years the exports of Romania to Paraguay have increased at an annualized rate of 21.2%, from $2.29M in 2018 to $6M in 2023.

In 2023, Romania did not export any services to Paraguay.

Paraguay-Romania Trade: In 2023, Paraguay exported $356k to Romania. The main products that Paraguay exported to Romania were Other Oily Seeds ($181k), Ground Nuts ($134k), and Wood Charcoal ($12.3k). Over the past 5 years the exports of Paraguay to Romania have decreased at an annualized rate of 0.31%, from $372k in 2018 to $356k in 2023.

In 2023, Paraguay did not export any services to Romania.

Comparison: In 2023, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Romania exported $6M to Paraguay. The main products exported from Romania to Paraguay were Packaged Medicaments ($1.09M), Video Displays ($1.05M), and Telephones ($501k). During the last 5 years the exports of Romania to Paraguay have increased at an annualized rate of 21.2%, from $2.29M in 2018 to $6M in 2023.

In 2018, Paraguay exported $356k to Romania. The main products exported from Paraguay to Romania were Other Oily Seeds ($181k), Ground Nuts ($134k), and Wood Charcoal ($12.3k). During the last 5 years the exports of Paraguay to Romania have decreased at an annualized rate of 0.31%, from $372k in 2023 to $356k in 2018.

Exports from Romania () to Paraguay () (2023)

Exports from Paraguay () to Romania () (2023)

Latest Data

Trade between Romania () and Paraguay ()

Romania Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Romania
Top DestinationGermany$19.9B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Romania than Paraguay included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

Difference in imports from Paraguay () and Romania () (2023)

Comparative Advantage Romania - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Romania had a large net trade with Paraguay in the exports of Machines ($3.32M), Chemical Products ($1.18M), and Plastics and Rubbers ($822k).

During 2018, Paraguay had a large net trade with Romania in the exports of Vegetable Products ($315k), Wood Products ($12.3k), and Foodstuffs ($12k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Romania Paraguay+$2.13MTelephones

Top Product Potential Paraguay Romania+$94.3kOther Oily Seeds

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

About

Historical Data

Bilateral Trade by Products

Exports from Romania () to Paraguay () (2023)

Exports from Paraguay () to Romania () (2023)

Latest Data

Trade between Romania () and Paraguay ()

Romania Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Romania () (2023)

Comparative Advantage Romania - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Romania () and Paraguay () (2023)

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