2022
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GDP
$41.7BCURRENT US$
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2012-2022
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GDP GROWTH
25.3%CURRENT US$
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2022
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 GDP
$1.67TCURRENT US$
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2012-2022
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GDP GROWTH
30.3%CURRENT US$
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2022
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GDP PC 
$6,153CURRENT US$
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2012-2022
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GDP PC GROWTH
9.46%CURRENT US$
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2022
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GDP PC
$32,255CURRENT US$
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2012-2022
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GDP PC GROWTH
26.7%CURRENT US$
Rnk 70 / 186

About

Paraguay-South Korea In 2022, Paraguay exported $95.6M to South Korea. The main products that Paraguay exported to South Korea are Corn ($83.9M), Scrap Copper ($4.52M), and Preserved Meat ($2.09M). During the last 27 years the exports of Paraguay to South Korea have increased at an annualized rate of 14.4%, from $2.51M in 1995 to $95.6M in 2022.

In 2022, Paraguay did not export any services to South Korea.

South Korea-Paraguay In 2022, South Korea exported $169M to Paraguay. The main products that South Korea exported to Paraguay were Cars ($68.4M), Motor vehicles; parts and accessories (8701 to 8705) ($12.9M), and Aluminium Plating ($8.73M). During the last 27 years the exports of South Korea to Paraguay have decreased at an annualized rate of 0.95%, from $219M in 1995 to $169M in 2022.

In 2022, South Korea did not export any services to Paraguay.

Comparison In 2022,  Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), and 103 in total exports ($10.1B). That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.71), and 5 in total exports ($705B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $95.6M to South Korea. The main products exported from Paraguay to South Korea were Corn ($83.9M), Scrap Copper ($4.52M), and Preserved Meat ($2.09M). During the last 27 years the exports of Paraguay to South Korea have increased at an annualized rate of 14.4%, from $2.51M in 1995 to $95.6M in 2022.

In 2022, South Korea exported $169M to Paraguay. The main products exported from South Korea to Paraguay were Cars ($68.4M), Motor vehicles; parts and accessories (8701 to 8705) ($12.9M), and Aluminium Plating ($8.73M). During the last 27 years the exports of South Korea to Paraguay have decreased at an annualized rate of 0.95%, from $219M in 1995 to $169M in 2022.

Exports from Paraguay (Flag) to South Korea (Flag) (2022)

Exports from South Korea (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and South Korea (Flag)

Paraguay Exports

South Korea Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
South Korea
Top Destination
China$150B

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

In 2021, countries that imported more from Paraguay than South Korea were Argentina ($1.91B), Uruguay ($203M), and Bolivia ($97M).

In 2021, countries that imported more from South Korea than Paraguay were China ($150B), United States ($112B), and Vietnam ($60.7B).

Difference in imports from South Korea (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - South Korea

Flow
Scale

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

During 2022, Paraguay had a large net trade with South Korea in the exports of Vegetable Products ($84.5M), Metals ($5.24M), and Foodstuffs ($2.29M).

During 2022, South Korea had a large net trade with Paraguay in the exports of Transportation ($89.3M), Machines ($33.8M), and Plastics and Rubbers ($14.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Paraguay has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Paraguay.

Product Space of Paraguay (Flag) and South Korea (Flag) (2022)

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