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2023
Flag → Flag
Exports $1.28BRnk 75 / 220
2023
Flag → Flag
Top Product $601MRefined Petroleum
2023
Flag → Flag
Exports $300MRnk 4 / 153
2023
Flag → Flag
Top Product $49.5MOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
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GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

United States-Paraguay Trade: In 2023, United States exported $1.28B to Paraguay. The main products that United States exported to Paraguay were Refined Petroleum ($601M), Vaccines, blood, antisera, toxins and cultures ($66.9M), and Mixed Mineral or Chemical Fertilizers ($63M). Over the past 5 years the exports of United States to Paraguay have increased at an annualized rate of 2.55%, from $1.12B in 2018 to $1.28B in 2023.

In 2023, United States did not export any services to Paraguay.

Paraguay-United States Trade: In 2023, Paraguay exported $300M to United States. The main products that Paraguay exported to United States were Other Oily Seeds ($49.5M), Other Leather Articles ($31.7M), and Raw Sugar ($31.5M). Over the past 5 years the exports of Paraguay to United States have increased at an annualized rate of 17.3%,  from $135M in 2018 to $300M in 2023.

In 2023, Paraguay did not export any services to United States.

Comparison: In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Company data: In 2023, leading companies such as Givaudan Fragrances (5) were at the forefront of exporting goods from Paraguay to the United States. Conversely, Other (5) were notable for importing products to Paraguay from the United States.

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $382M and imported $40.5M from Paraguay, resulting in a positive trade balance of $342M. Between November 2023 and November 2024 the exports of United States have increased by $148M (63.1%) from $234M to $382M, while imports increased by $20.3M (100%) from $20.2M to $40.5M.

Trade In November 2024, the top exports of United States to Paraguay were Telephones ($148M), Computers ($19M), Blank Audio Media ($6.91M), Microphones and Headphones ($4.35M), and Video and Card Games ($4.22M). In November 2024 the top imports of United States from Paraguay were Other Inedible Animal Products ($6.61M), Other Oily Seeds ($4.32M), Gelatin ($2.33M), Wood Charcoal ($1.28M), and Non-Knit Women's Suits ($1.17M).

Origins In November 2024 the exports of United States were mainly from Florida ($258M), California ($16.1M), Michigan ($15.6M), New Jersey ($11.1M), and Wyoming ($10.6M), while imports destinations were mainly Pennsylvania ($10.8M), Florida ($4.74M), California ($4.21M), Texas ($3.67M), and Maryland ($3.05M).

Growth In November 2024, the increase in United States's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Telephones ($67M or 82.7%), Blank Audio Media ($3.66M or 113%), and Harvesting Machinery ($2.39M or 712%). In November 2024, the increase in United States's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Other Inedible Animal Products ($4.4M or 199%), Wood Charcoal ($968k or 315%), and Other Oily Seeds ($950k or 28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$148M(63.1%)
IMPORT GROWTH (November 2023 - November 2024)$20.3M(100%)
MAIN EXPORTER (November 2024)Florida$258M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Paraguay and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United States exported $1.28B to Paraguay. The main products exported from United States to Paraguay were Refined Petroleum ($601M), Vaccines, blood, antisera, toxins and cultures ($66.9M), and Mixed Mineral or Chemical Fertilizers ($63M). During the last 5 years the exports of United States to Paraguay have increased at an annualized rate of 2.55%, from $1.12B in 2018 to $1.28B in 2023.

In 2018, Paraguay exported $300M to United States. The main products exported from Paraguay to United States were Other Oily Seeds ($49.5M), Other Leather Articles ($31.7M), and Raw Sugar ($31.5M). During the last 5 years the exports of Paraguay to United States have increased at an annualized rate of 17.3%, from $135M in 2023 to $300M in 2018.

Exports from United States (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from United States than Paraguay included Canada ($269B), Mexico ($243B), and China ($154B).

In 2023, countries that imported more from Paraguay than United States included Syria ($5.2M).

Difference in imports from Paraguay (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Paraguay

Flow
Scale

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

During 2023, United States had a large net trade with Paraguay in the exports of Mineral Products ($611M), Chemical Products ($255M), and Machines ($149M).

During 2018, Paraguay had a large net trade with United States in the exports of Vegetable Products ($61.4M), Foodstuffs ($50.4M), and Animal Hides ($37.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Paraguay+$23.6MCars
Top Product Potential Paraguay United States+$18.1MInsulated Wire

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

Product Space of United States (Flag) and Paraguay (Flag) (2023)

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