Flag United States / Paraguay Flag

Exports Flag β†’ Flag  (2018): $1.64B, Rnk 66 / 215

Top Product Flag β†’ Flag (2018): $485M, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $135M, Rnk 10 / 141

Top Product Flag β†’ Flag (2018): $31.2M, Raw Sugar

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

United States-Paraguay: In 2018, United States exported $1.64B to Paraguay. The main products exported from United States to Paraguay were Broadcasting Equipment ($485M), Refined Petroleum ($322M), and Office Machine Parts ($78.5M). During the last 23 years the exports of United States to Paraguay have increased at an annualized rate of 4.3%, from $620M in 1995 to $1.64B in 2018.

Paraguay-United States: In 2018, Paraguay exported $135M to United States. The main products exported from Paraguay to United States were Raw Sugar ($31.2M), Other Oily Seeds ($19.9M), and Insulated Wire ($13.3M). During the last 23 years the exports of Paraguay to United States have increased at an annualized rate of 3.08%, from $67.1M in 1995 to $135M in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $1.64B to Paraguay. The main products exported from United States to Paraguay were Broadcasting Equipment ($485M), Refined Petroleum ($322M), and Office Machine Parts ($78.5M). During the last 23 years the exports of United States to Paraguay have increased at an annualized rate of 4.3%, from $620M in 1995 to $1.64B in 2018.

In 2018, Paraguay exported $135M to United States. The main products exported from Paraguay to United States were Raw Sugar ($31.2M), Other Oily Seeds ($19.9M), and Insulated Wire ($13.3M). During the last 23 years the exports of Paraguay to United States have increased at an annualized rate of 3.08%, from $67.1M in 1995 to $135M in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Paraguay
Top Destination
: Argentina, $1.73B

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 2018, countries that imported more from United States than Paraguay were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, no countries were registered that imported more from Paraguay than from United States.

Comparative Advantage United States - Paraguay

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Depth

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

During 2018, United States had a large net trade with Paraguay in the exports of Machines ($866M), Mineral Products ($331M), and Chemical Products ($127M).

During 2018, Paraguay had a large net trade with United States in the exports of Foodstuffs ($38.3M), Vegetable Products ($22.4M), and Machines ($19.1M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Paraguay (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Paraguay were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter United States were Aluminium sulphate (35%) and Containers nes, outer surface plastic or textile (35%).

Explore Tariff Data

*The tariffs present between United States and Paraguay are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States and Paraguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over United States.