Flag Russia / Paraguay Flag

Exports FlagFlag  (2018): $77.8M, Rnk 111 / 187

Top Product FlagFlag (2018): $36.6M, Mixed Mineral or Chemical Fertilizers

Exports FlagFlag (2018): $785M, Rnk 3 / 141

Top Product FlagFlag (2018): $422M, Frozen Bovine Meat

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

Russia-Paraguay: In 2018, Russia exported $77.8M to Paraguay. The main products exported from Russia to Paraguay were Mixed Mineral or Chemical Fertilizers ($36.6M), Potassic Fertilizers ($26.1M), and Refined Petroleum ($7.13M). During the last 23 years the exports of Russia to Paraguay have increased at an annualized rate of 39.6%, from $36.5k in 1995 to $77.8M in 2018. In 2018, Russia exported services to Paraguay worth $100k, with Transportation ($100k) being the largest in terms of value.

Paraguay-Russia: In 2018, Paraguay exported $785M to Russia. The main products exported from Paraguay to Russia were Frozen Bovine Meat ($422M), Soybeans ($301M), and Edible Offal ($33.4M). During the last 23 years the exports of Paraguay to Russia have increased at an annualized rate of 45.1%, from $150k in 1995 to $785M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $77.8M to Paraguay. The main products exported from Russia to Paraguay were Mixed Mineral or Chemical Fertilizers ($36.6M), Potassic Fertilizers ($26.1M), and Refined Petroleum ($7.13M). During the last 23 years the exports of Russia to Paraguay have increased at an annualized rate of 39.6%, from $36.5k in 1995 to $77.8M in 2018.

In 2018, Paraguay exported $785M to Russia. The main products exported from Paraguay to Russia were Frozen Bovine Meat ($422M), Soybeans ($301M), and Edible Offal ($33.4M). During the last 23 years the exports of Paraguay to Russia have increased at an annualized rate of 45.1%, from $150k in 1995 to $785M in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Paraguay
Top Destination
: Argentina, $1.73B

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

In 2018, countries that imported more from Russia than Paraguay were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Paraguay than Russia were Argentina ($1.73B), Chile ($627M), and Uruguay ($146M).

Comparative Advantage Russia - Paraguay

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Depth

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

During 2018, Russia had a large net trade with Paraguay in the exports of Chemical Products ($65.7M), Mineral Products ($7.98M), and Metals ($1.93M).

During 2018, Paraguay had a large net trade with Russia in the exports of Animal Products ($483M), Vegetable Products ($301M), and Animal and Vegetable Bi-Products ($1.54M).

Tariff Section

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This sections shows import tariffs for products traded between Russia and Paraguay (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Paraguay were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter Russia were Aluminium sulphate (35%) and Containers nes, outer surface plastic or textile (35%).

Explore Tariff Data

*The tariffs present between Russia and Paraguay are:
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between Russia and Paraguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Paraguay worth $100k, with Transportation ($100k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over Russia.