2022
Flag  
GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

Armenia-Paraguay In 2022, Armenia exported $5.46k to Paraguay. The main products that Armenia exported to Paraguay are Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). During the last 11 years the exports of Armenia to Paraguay have increased at an annualized rate of 5.39%, from $3.07k in 2011 to $5.46k in 2022.

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

Paraguay-Armenia In 2022, Paraguay exported $755k to Armenia. The main products that Paraguay exported to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). During the last 11 years the exports of Paraguay to Armenia have increased at an annualized rate of 16.4%, from $143k in 2011 to $755k in 2022.

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

Comparison In 2022,  Armenia ranked 74 in the Economic Complexity Index (ECI -0.24), and 122 in total exports ($5.78B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Armenia exported $5.46k to Paraguay. The main products exported from Armenia to Paraguay were Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). During the last 11 years the exports of Armenia to Paraguay have increased at an annualized rate of 5.39%, from $3.07k in 2011 to $5.46k in 2022.

In 2022, Paraguay exported $755k to Armenia. The main products exported from Paraguay to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). During the last 18 years the exports of Paraguay to Armenia have increased at an annualized rate of 16.4%, from $143k in 2004 to $755k in 2022.

Exports from Armenia (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Armenia (Flag) (2022)

Latest Data

Trade between Armenia (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Armenia
Top Destination
Russia$2.36B
Paraguay
Top Destination
Brazil$3.67B

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

In 2021, countries that imported more from Armenia than Paraguay were Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

In 2021, countries that imported more from Paraguay than Armenia were Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay (Flag) and Armenia (Flag) (2022)

Comparative Advantage Armenia - Paraguay

Flow
Scale

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

During 2022, Armenia had a large net trade with Paraguay in the exports of Stone And Glass ($2.26k), Foodstuffs ($1.19k), and Arts and Antiques ($1.14k).

During 2022, Paraguay had a large net trade with Armenia in the exports of Animal Products ($736k), Vegetable Products ($14.1k), and Machines ($4.4k).

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 Armenia has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Armenia.

Product Space of Armenia (Flag) and Paraguay (Flag) (2022)

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