Vietnam (VNM) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

Vietnam-Paraguay Trade: In 2022, Vietnam exported $108M to Paraguay. The main products that Vietnam exported to Paraguay were Broadcasting Equipment ($70.3M), Textile Footwear ($5.64M), and Rubber Tires ($3.47M). Over the past 5 years the exports of Vietnam to Paraguay have increased at an annualized rate of 13.8%, from $56.3M in 2017 to $108M in 2022.

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

Paraguay-Vietnam Trade: In 2022, Paraguay exported $76.9M to Vietnam. The main products that Paraguay exported to Vietnam were Soybean Meal ($25.9M), Animal Meal and Pellets ($11.8M), and Starch Residue ($10.2M). Over the past 5 years the exports of Paraguay to Vietnam have decreased at an annualized rate of 3.9%, from $93.9M in 2017 to $76.9M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $108M to Paraguay. The main products exported from Vietnam to Paraguay were Broadcasting Equipment ($70.3M), Textile Footwear ($5.64M), and Rubber Tires ($3.47M). During the last 5 years the exports of Vietnam to Paraguay have increased at an annualized rate of 13.8%, from $56.3M in 2017 to $108M in 2022.

In 2017, Paraguay exported $76.9M to Vietnam. The main products exported from Paraguay to Vietnam were Soybean Meal ($25.9M), Animal Meal and Pellets ($11.8M), and Starch Residue ($10.2M). During the last 5 years the exports of Paraguay to Vietnam have decreased at an annualized rate of 3.9%, from $93.9M in 2022 to $76.9M in 2017.

Exports from Vietnam () to Paraguay () (2022)

Exports from Paraguay () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Vietnam than Paraguay included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from Paraguay than Vietnam included Brazil ($3.67B), Argentina ($1.91B), and Uruguay ($203M).

Difference in imports from Paraguay () and Vietnam () (2022)

Comparative Advantage Vietnam - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Paraguay in the exports of Machines ($81.4M), Footwear and Headwear ($9.94M), and Plastics and Rubbers ($7.12M).

During 2017, Paraguay had a large net trade with Vietnam in the exports of Foodstuffs ($57.8M), Textiles ($9.44M), and Vegetable Products ($4.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Paraguay+$37.8MTelephones

Top Product Potential Paraguay Vietnam+$5.58MCorn

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Paraguay. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Paraguay () (2022)

Exports from Paraguay () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Vietnam () (2022)

Comparative Advantage Vietnam - Paraguay

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Paraguay () (2022)

Keep Exploring