United States (USA) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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United States (USA) and Paraguay (PRY) Trade

2022

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Exports $1.79BRnk 69 / 219

2022

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About

United States-Paraguay Trade: In 2022, United States exported $1.79B to Paraguay. The main products that United States exported to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). Over the past 5 years the exports of United States to Paraguay have increased at an annualized rate of 21.3%, from $684M in 2017 to $1.79B in 2022.

In 2022, United States did not export any services to Paraguay.

Paraguay-United States Trade: In 2022, Paraguay exported $128M to United States. The main products that Paraguay exported to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). Over the past 5 years the exports of Paraguay to United States have increased at an annualized rate of 13.3%, from $68.8M in 2017 to $128M in 2022.

In 2022, Paraguay did not export any services to United States.

Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

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

April, 2024

About

Overview In April 2024, United States exported $234M and imported $25.1M from Paraguay, resulting in a positive trade balance of $209M. Between April 2023 and April 2024 the exports of United States have decreased by $-18.2M (-7.23%) from $252M to $234M, while imports increased by $3.67M (17.1%) from $21.4M to $25.1M.

Trade In April 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 April 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 April 2024 the exports of United States were mainly from Florida ($162M), California ($13.9M), Wyoming ($10.5M), New York ($8.19M), and New Jersey ($5.92M), while imports destinations were mainly Florida ($6.61M), New Jersey ($4.33M), Texas ($2.58M), California ($2.19M), and Illinois ($2.13M).

Growth In April 2024, the decrease in United States's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Computers ($-11.7M or -38.2%), Integrated Circuits ($-9.3M or -90.8%), and Mixed Mineral or Chemical Fertilizers ($-3.13M or -97.3%). In April 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)$-18.2M(-7.23%)

IMPORT GROWTH (April 2023 - April 2024)$3.67M(17.1%)

MAIN EXPORTER (April 2024)Florida$162M

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $1.79B to Paraguay. The main products exported from United States to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). During the last 5 years the exports of United States to Paraguay have increased at an annualized rate of 21.3%, from $684M in 2017 to $1.79B in 2022.

In 2017, Paraguay exported $128M to United States. The main products exported from Paraguay to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). During the last 22 years the exports of Paraguay to United States have increased at an annualized rate of 13.3%, from $68.8M in 1995 to $128M in 2017.

Exports from United States () to Paraguay () (2022)

Exports from Paraguay () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Paraguay
Top DestinationBrazil$3.67B

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 2022, countries that imported more from United States than Paraguay included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Paraguay than from United States.

Difference in imports from Paraguay () and United States () (2022)

Comparative Advantage United States - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Paraguay in the exports of Machines ($752M), Mineral Products ($523M), and Chemical Products ($172M).

During 2017, Paraguay had a large net trade with United States in the exports of Foodstuffs ($58.3M), Vegetable Products ($46.3M), and Animal Hides ($35.3M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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 () and Paraguay () (2022)

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