2023
Exports
$452kWorld Rnk 155 / 210
Flag Rnk 243 / 767
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$561MWorld Rnk 92 / 225
Flag Rnk 3 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2023, Paraguay exported $452k in Cars, making it the 155th largest exporter of Cars in the world. At the same year, Cars was the 243rd most exported product in Paraguay. The main destination of Cars exports from Paraguay are: United States ($219k), Brazil ($105k), United Kingdom ($67.7k), Uruguay ($42.1k), and Spain ($17.8k).

The fastest growing export markets for Cars of Paraguay between 2022 and 2023 were Brazil ($22.7k) and Spain ($10.7k).

Imports In 2023, Paraguay imported $561M in Cars, becoming the 92nd largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Paraguay. Paraguay imports Cars primarily from: Japan ($138M), Brazil ($127M), South Korea ($76.1M), China ($42.2M), and Argentina ($37.9M).

The fastest growing import markets in Cars for Paraguay between 2022 and 2023 were Japan ($10M), China ($7.15M), and Argentina ($4.94M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$452k
IMPORTS (2023)$561M
NET TRADE (2023)-$560M

In 2023, Paraguay exported $452k in Cars. The main destinations of Paraguay exports on Cars were United States ($219k), Brazil ($105k), United Kingdom ($67.7k), Uruguay ($42.1k), and Spain ($17.8k).

In 2023, Paraguay imported $561M in Cars, mainly from Japan ($138M), Brazil ($127M), South Korea ($76.1M), China ($42.2M), and Argentina ($37.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Brazil$22.7k (27.6%)
Spain$10.7k (152%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Paraguay WERE (2022 - 2023):
United States-$724k (-76.8%)
Italy-$350k (-100%)
United Kingdom-$63k (-48.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Paraguay's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.17M
TOP IMPORT POTENTIALChina+ $26.5M

Cars’s highest export potential is United States. With an export gap of $2.17M.   Cars’s highest import potential is China with an import gap of $26.5M.

See methodology.

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