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Pricing

2022
Flag → Flag
Exports $64.1MRnk 139 / 219
2022
Flag → Flag
Top Product $8.21MHot-Rolled Iron Bars
2022
Flag → Flag
Exports $15.8MRnk 41 / 158
2022
Flag → Flag
Top Product $7.73MStarch Residue
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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 $10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Turkey-Paraguay Trade: In 2022, Turkey exported $64.1M to Paraguay. The main products that Turkey exported to Paraguay were Hot-Rolled Iron Bars ($8.21M), Hot-Rolled Iron ($5.28M), and Iron Blocks ($4.09M). Over the past 5 years the exports of Turkey to Paraguay have increased at an annualized rate of 11%, from $38M in 2017 to $64.1M in 2022.

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

Paraguay-Turkey Trade: In 2022, Paraguay exported $15.8M to Turkey. The main products that Paraguay exported to Turkey were Starch Residue ($7.73M), Bran ($3.85M), and Other Oily Seeds ($2.11M). Over the past 5 years the exports of Paraguay to Turkey have decreased at an annualized rate of 44.1%,  from $289M in 2017 to $15.8M in 2022.

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

Comparison: In 2022,  Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B). 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, Turkey exported $64.1M to Paraguay. The main products exported from Turkey to Paraguay were Hot-Rolled Iron Bars ($8.21M), Hot-Rolled Iron ($5.28M), and Iron Blocks ($4.09M). During the last 5 years the exports of Turkey to Paraguay have increased at an annualized rate of 11%, from $38M in 2017 to $64.1M in 2022.

In 2017, Paraguay exported $15.8M to Turkey. The main products exported from Paraguay to Turkey were Starch Residue ($7.73M), Bran ($3.85M), and Other Oily Seeds ($2.11M). During the last 5 years the exports of Paraguay to Turkey have decreased at an annualized rate of 44.1%, from $289M in 2022 to $15.8M in 2017.

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

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

Market Competitiveness

Color
Turkey
Top DestinationGermany$21.9B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Turkey than Paraguay included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

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

Comparative Advantage Turkey - Paraguay

Flow
Scale

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

During 2022, Turkey had a large net trade with Paraguay in the exports of Metals ($25M), Machines ($17.5M), and Textiles ($4.66M).

During 2017, Paraguay had a large net trade with Turkey in the exports of Foodstuffs ($11.6M), Vegetable Products ($2.82M), and Wood Products ($592k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Turkey Paraguay+$2.53MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Paraguay Turkey+$1.68MOther 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 Turkey and Paraguay. This means that a dot/product with the flag of Turkey indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Turkey.

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

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