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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 2024, leading companies such as were at the forefront of exporting goods from Paraguay to the United States. Conversely, were notable for importing products to Paraguay from the United States.

Latest Trends

January, 2025

About

Overview In January 2025, United States exported $323M and imported $55M from Paraguay, resulting in a positive trade balance of $268M. Between January 2024 and January 2025 the exports of United States have increased by $107M (49.3%) from $217M to $323M, while imports increased by $27.4M (99.1%) from $27.6M to $55M.

Trade In January 2025, the top exports of United States to Paraguay were Telephones ($128M), Computers ($18.8M), Video and Card Games ($6.5M), Microphones and Headphones ($5.74M), and Blank Audio Media ($4.88M). In January 2025 the top imports of United States from Paraguay were Other Inedible Animal Products ($7.73M), Other Oily Seeds ($5.28M), Raw Sugar ($2.98M), Gold ($2.31M), and Gelatin ($2.13M).

Origins In January 2025 the exports of United States were mainly from Florida ($179M), California ($12.5M), New Hampshire ($11M), Michigan ($11M), and New Jersey ($8.61M), while imports destinations were mainly Texas ($18.1M), California ($8.6M), Pennsylvania ($8.58M), Florida ($7.26M), and New Jersey ($2.88M).

Growth In January 2025, the increase in United States's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Cars ($2.69M or 341%), Video and Card Games ($2.28M or 54.1%), and Other Electrical Machinery ($1.8M or 2.31k%). In January 2025, the increase in United States's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Raw Sugar ($2.81M or 1.66k%), Other Inedible Animal Products ($1.12M or 16.9%), and Other Oily Seeds ($959k or 22.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2024 - January 2025)$107M(49.3%)
IMPORT GROWTH (January 2024 - January 2025)$27.4M(99.1%)
MAIN EXPORTER (January 2025)Florida$179M

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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