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Pricing

2018
Flag → Flag
Exports $2.45kRnk 72 / 0
2018
Flag → Flag
Exports $6.81MRnk 75 / 158
2018
Flag → Flag
Top Product $2.62MFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$8.13BCURRENT US$
Rnk 148 / 186
2012-2022
Flag
GDP GROWTH0%CURRENT US$
Rnk 165 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $462CURRENT US$
Rnk 183 / 186
2012-2022
Flag
GDP PC GROWTH0%CURRENT US$
Rnk 143 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Somalia-Paraguay Trade: In 2018, Somalia exported $2.45k to Paraguay. The main products that Somalia exported to Paraguay were N/A. Over the past 14 years the exports of Somalia to Paraguay have decreased at an annualized rate of 14.9%, from $23.4k in 2004 to $2.45k in 2018.

In 2018, Somalia did not export any services to Paraguay.

Paraguay-Somalia In N/A, Paraguay did not export any products to Somalia.

In 2018, Paraguay did not export any services to Somalia.

Comparison In 2022,  Somalia ranked 167 in total exports ($569M), and does not have data regarding Economic Complexity Index. 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 2018, Somalia exported $2.45k to Paraguay. There were not main exports from Somalia to Paraguay in 2018. During the last 14 years the exports of Somalia to Paraguay have decreased at an annualized rate of 14.9%, from $23.4k in 2004 to $2.45k in 2018.

Paraguay does not register exports to Somalia. The main products exported from Paraguay to Somalia were Frozen Bovine Meat ($2.62M).

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

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

Latest Data

Trade between Somalia (Flag) and Paraguay (Flag)

Paraguay Exports

Date

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$283M
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Somalia than Paraguay included United Arab Emirates ($283M), Oman ($173M), and Bulgaria ($18.5M).

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

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

Comparative Advantage Somalia - Paraguay

Flow
Scale

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

During 2018, Somalia had a large net trade with Paraguay in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Somalia Paraguay+$1.01kGold
Top Product Potential Paraguay Somalia+$2.68kRice

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

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

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