2022
Flag  
GDP
$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH
56.8%CURRENT US$
Rnk 44 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH
19.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

Senegal-Paraguay Trade: In 2022, Senegal exported $3.12k to Paraguay. The main products that Senegal exported to Paraguay were Cutting Blades ($2.8k), Thermostats ($299), and Calcium Phosphates ($23). Over the past 6 years the exports of Senegal to Paraguay have increased at an annualized rate of 84.1%, from $80 in 2016 to $3.12k in 2022.

In 2022, Senegal did not export any services to Paraguay.

Paraguay-Senegal Trade: In 2022, Paraguay exported $3.86M to Senegal. The main products that Paraguay exported to Senegal were Corn ($3.77M), Rice ($41.4k), and Engine Parts ($14.5k). Over the past 6 years the exports of Paraguay to Senegal have decreased at an annualized rate of 3.55%,  from $9.53M in 2016 to $3.86M in 2022.

In 2022, Paraguay did not export any services to Senegal.

Comparison: In 2022,  Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Senegal exported $3.12k to Paraguay. The main products exported from Senegal to Paraguay were Cutting Blades ($2.8k), Thermostats ($299), and Calcium Phosphates ($23). During the last 6 years the exports of Senegal to Paraguay have increased at an annualized rate of 84.1%, from $80 in 2016 to $3.12k in 2022.

In 2017, Paraguay exported $3.86M to Senegal. The main products exported from Paraguay to Senegal were Corn ($3.77M), Rice ($41.4k), and Engine Parts ($14.5k). During the last 5 years the exports of Paraguay to Senegal have decreased at an annualized rate of 3.55%, from $9.53M in 2022 to $3.86M in 2017.

Exports from Senegal (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Senegal (Flag) (2022)

Latest Data

Trade between Senegal (Flag) and Paraguay (Flag)

Senegal Exports

Paraguay Exports

Market Competitiveness

Color
Senegal
Top Destination
Mali$1.13B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Senegal than Paraguay included Mali ($1.13B), India ($1B), and Switzerland ($662M).

In 2022, countries that imported more from Paraguay than Senegal included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay (Flag) and Senegal (Flag) (2022)

Comparative Advantage Senegal - Paraguay

Flow
Scale

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

During 2022, Senegal had a large net trade with Paraguay in the exports of Metals ($2.8k), Instruments ($299), and Mineral Products ($23).

During 2017, Paraguay had a large net trade with Senegal in the exports of Vegetable Products ($3.81M), Machines ($24.4k), and Textiles ($12.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Senegal Paraguay+$4.61kRefined Petroleum
Top Product Potential Paraguay Senegal+$711kCorn

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

Product Space of Senegal (Flag) and Paraguay (Flag) (2022)

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