2022
Exports
$85.9kWorld Rnk 62 / 166
Flag Rnk 380 / 790
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts
1.19Rnk 106 / 1025
2022
Imports
$390kWorld Rnk 89 / 204
Flag Rnk 747 / 1129
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $85.9k in Musical Instrument Parts, making it the 62nd largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 380th most exported product in Paraguay. The main destination of Musical Instrument Parts exports from Paraguay are: Brazil ($77.2k), China ($7.23k), Netherlands ($1.01k), and Switzerland ($496).

The fastest growing export markets for Musical Instrument Parts of Paraguay between 2021 and 2022 were Brazil ($27.5k), China ($7.23k), and Netherlands ($1.01k).

Imports In 2022, Paraguay imported $390k in Musical Instrument Parts, becoming the 89th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 747th most imported product in Paraguay. Paraguay imports Musical Instrument Parts primarily from: Chile ($128k), United States ($110k), China ($108k), Italy ($9.05k), and Brazil ($8.6k).

The fastest growing import markets in Musical Instrument Parts for Paraguay between 2021 and 2022 were Chile ($38k), Italy ($9.05k), and Brazil ($4.28k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Musical Instrument Parts. 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 (2022)$85.9k
IMPORTS (2022)$390k
NET TRADE (2022)-$304k

In 2022, Paraguay exported $85.9k in Musical Instrument Parts. The main destinations of Paraguay exports on Musical Instrument Parts were Brazil ($77.2k), China ($7.23k), Netherlands ($1.01k), and Switzerland ($496).

In 2022, Paraguay imported $390k in Musical Instrument Parts, mainly from Chile ($128k), United States ($110k), China ($108k), Italy ($9.05k), and Brazil ($8.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Brazil$27.5k (55.2%)
China$7.23k (1%)
Netherlands$1.01k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Paraguay WERE (2021 - 2022):
Japan-$6.71k (-100%)
Chile-$878 (-100%)
Singapore-$464 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Musical Instrument Parts were:
In 2022, Paraguay's main importing competitors in Musical Instrument Parts were:

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALBrazil+ $20.7k
TOP IMPORT POTENTIALChina+ $65.2k

Musical Instrument Parts’s highest export potential is Brazil. With an export gap of $20.7k.   Musical Instrument Parts’s highest import potential is China with an import gap of $65.2k.

See methodology.

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