2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 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 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 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

Sweden-Paraguay Trade: In 2022, Sweden exported $36.6M to Paraguay. The main products that Sweden exported to Paraguay were Tractors ($8.1M), Cars ($3.16M), and Special purpose motor vehicles ($3.08M). Over the past 5 years the exports of Sweden to Paraguay have increased at an annualized rate of 2.74%, from $32M in 2017 to $36.6M in 2022.

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

Paraguay-Sweden Trade: In 2022, Paraguay exported $579k to Sweden. The main products that Paraguay exported to Sweden were Other Oily Seeds ($390k), Wood Charcoal ($86.6k), and High-voltage Protection Equipment ($28.5k). Over the past 5 years the exports of Paraguay to Sweden have decreased at an annualized rate of 42.5%,  from $9.22M in 2017 to $579k in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). 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, Sweden exported $36.6M to Paraguay. The main products exported from Sweden to Paraguay were Tractors ($8.1M), Cars ($3.16M), and Special purpose motor vehicles ($3.08M). During the last 5 years the exports of Sweden to Paraguay have increased at an annualized rate of 2.74%, from $32M in 2017 to $36.6M in 2022.

In 2017, Paraguay exported $579k to Sweden. The main products exported from Paraguay to Sweden were Other Oily Seeds ($390k), Wood Charcoal ($86.6k), and High-voltage Protection Equipment ($28.5k). During the last 5 years the exports of Paraguay to Sweden have decreased at an annualized rate of 42.5%, from $9.22M in 2022 to $579k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Sweden than Paraguay included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

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

Comparative Advantage Sweden - Paraguay

Flow
Scale

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

During 2022, Sweden had a large net trade with Paraguay in the exports of Transportation ($17.4M), Machines ($13.1M), and Chemical Products ($1.8M).

During 2017, Paraguay had a large net trade with Sweden in the exports of Vegetable Products ($390k), Wood Products ($89k), and Machines ($58.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Paraguay+$4.6MTelephones
Top Product Potential Paraguay Sweden+$218kOther Oily Seeds

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

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

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