Senegal (SEN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Senegal-Paraguay Trade: In 2023, Senegal exported $25.1k to Paraguay. The main products that Senegal exported to Paraguay were Other Heating Machinery ($12k), Hydrometers ($11k), and Ball Bearings ($1.73k). Over the past 6 years the exports of Senegal to Paraguay have decreased at an annualized rate of 17.9%, from $82.2k in 2017 to $25.1k in 2023.

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

Paraguay-Senegal Trade: In 2023, Paraguay exported $3.42M to Senegal. The main products that Paraguay exported to Senegal were Corn ($2.73M), Polyacetals ($581k), and Rice ($41.9k). Over the past 6 years the exports of Paraguay to Senegal have increased at an annualized rate of 29.3%, from $945k in 2017 to $3.42M in 2023.

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

Comparison: In 2023, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B). 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, Senegal exported $25.1k to Paraguay. The main products exported from Senegal to Paraguay were Other Heating Machinery ($12k), Hydrometers ($11k), and Ball Bearings ($1.73k). During the last 6 years the exports of Senegal to Paraguay have decreased at an annualized rate of 17.9%, from $82.2k in 2017 to $25.1k in 2023.

In 2018, Paraguay exported $3.42M to Senegal. The main products exported from Paraguay to Senegal were Corn ($2.73M), Polyacetals ($581k), and Rice ($41.9k). During the last 5 years the exports of Paraguay to Senegal have increased at an annualized rate of 29.3%, from $945k in 2023 to $3.42M in 2018.

Exports from Senegal () to Paraguay () (2023)

Exports from Paraguay () to Senegal () (2023)

Latest Data

Trade between Senegal () and Paraguay ()

Senegal Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Senegal
Top DestinationMali$1.22B

Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Senegal than Paraguay included Mali ($1.22B), Switzerland ($625M), and India ($681M).

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

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

Comparative Advantage Senegal - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Senegal had a large net trade with Paraguay in the exports of Machines ($13.7k), Instruments ($11k), and Metals ($278).

During 2018, Paraguay had a large net trade with Senegal in the exports of Vegetable Products ($2.79M), Plastics and Rubbers ($581k), and Instruments ($22.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Senegal () to Paraguay () (2023)

Exports from Paraguay () to Senegal () (2023)

Latest Data

Trade between Senegal () and Paraguay ()

Senegal Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Senegal - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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