NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $218MRnk 63 / 217
2023
Flag → Flag
Top Product $192MRefined Petroleum
2023
Flag → Flag
Exports $16.4MRnk 40 / 153
2023
Flag → Flag
Top Product $14MAlcohol > 80% ABV
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Singapore-Paraguay Trade: In 2023, Singapore exported $218M to Paraguay. The main products that Singapore exported to Paraguay were Refined Petroleum ($192M), Air Conditioners ($8.97M), and Refrigerators ($4M). Over the past 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 7.61%, from $151M in 2018 to $218M in 2023.

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

Paraguay-Singapore Trade: In 2023, Paraguay exported $16.4M to Singapore. The main products that Paraguay exported to Singapore were Alcohol > 80% ABV ($14M), Essential Oils ($816k), and Frozen Bovine Meat ($787k). Over the past 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 63.3%,  from $1.42M in 2018 to $16.4M in 2023.

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

Comparison: In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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
Value

In 2023, Singapore exported $218M to Paraguay. The main products exported from Singapore to Paraguay were Refined Petroleum ($192M), Air Conditioners ($8.97M), and Refrigerators ($4M). During the last 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 7.61%, from $151M in 2018 to $218M in 2023.

In 2018, Paraguay exported $16.4M to Singapore. The main products exported from Paraguay to Singapore were Alcohol > 80% ABV ($14M), Essential Oils ($816k), and Frozen Bovine Meat ($787k). During the last 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 63.3%, from $1.42M in 2023 to $16.4M in 2018.

Exports from Singapore (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Singapore (Flag) (2023)

Latest Data

Trade between Singapore (Flag) and Paraguay (Flag)

Singapore Exports

Paraguay Exports

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Singapore than Paraguay included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Difference in imports from Paraguay (Flag) and Singapore (Flag) (2023)

Comparative Advantage Singapore - Paraguay

Flow
Scale

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

During 2023, Singapore had a large net trade with Paraguay in the exports of Mineral Products ($192M), Machines ($19.4M), and Chemical Products ($1.78M).

During 2018, Paraguay had a large net trade with Singapore in the exports of Foodstuffs ($14M), Animal Products ($973k), and Chemical Products ($847k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Singapore and Paraguay. This means that a dot/product with the flag of Singapore indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Singapore.

Product Space of Singapore (Flag) and Paraguay (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms