2022
Exports
$76.3MWorld Rnk 79 / 223
Flag Rnk 15 / 94
2022
PRODUCT COMPLEXITY IN Pharmaceutical products
1.38Rnk 75 / 1025
2022
Imports
$349MWorld Rnk 107 / 226
Flag Rnk 9 / 96
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $76.3M in Pharmaceutical products, making it the 79th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 15th most exported product in Paraguay. The main destination of Pharmaceutical products exports from Paraguay are: Bolivia ($11.2M), Ecuador ($8.96M), Peru ($8.9M), Uruguay ($8.17M), and Brazil ($7.02M).

The fastest growing export markets for Pharmaceutical products of Paraguay between 2021 and 2022 were Uruguay ($3.71M), Mexico ($1.67M), and Brazil ($1.52M).

Imports In 2022, Paraguay imported $349M in Pharmaceutical products, becoming the 107th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 9th most imported product in Paraguay. Paraguay imports Pharmaceutical products primarily from: Argentina ($51.8M), United States ($46M), Germany ($36.6M), Brazil ($27M), and Chile ($22.5M).

The fastest growing import markets in Pharmaceutical products for Paraguay between 2021 and 2022 were Ireland ($7.95M), Germany ($7.92M), and Denmark ($5.46M).

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 Pharmaceutical products. 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)$76.3M
IMPORTS (2022)$349M
NET TRADE (2022)-$273M

In 2022, Paraguay exported $76.3M in Pharmaceutical products. The main destinations of Paraguay exports on Pharmaceutical products were Bolivia ($11.2M), Ecuador ($8.96M), Peru ($8.9M), Uruguay ($8.17M), and Brazil ($7.02M).

In 2022, Paraguay imported $349M in Pharmaceutical products, mainly from Argentina ($51.8M), United States ($46M), Germany ($36.6M), Brazil ($27M), and Chile ($22.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Uruguay$3.71M (83.3%)
Mexico$1.67M (41.4%)
Brazil$1.52M (27.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Paraguay WERE (2021 - 2022):
Germany-$1.9M (-99%)
Cuba-$247k (-85.7%)
Saudi Arabia-$189k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Pharmaceutical products were:
In 2022, Paraguay's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $11.4M
TOP IMPORT POTENTIALUnited States+ $24.2M

Pharmaceutical products’s highest export potential is Brazil. With an export gap of $11.4M.   Pharmaceutical products’s highest import potential is United States with an import gap of $24.2M.

See methodology.

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