Benin (BEN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

In N/A, Benin did not export any services to Paraguay.

Paraguay-Benin Trade: In N/A, Paraguay exported $585k to Benin. The main products that Paraguay exported to Benin were Concentrated Milk ($567k) and Milk ($18.4k). Over the past N/A years the exports of Paraguay to Benin have increased at an annualized rate of 41.3%, from $104k in N/A to $585k in N/A.

In N/A, Paraguay did not export any services to Benin.

Comparison: In 2022, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Benin does not register exports to Paraguay.

In 2017, Paraguay exported $585k to Benin. The main products exported from Paraguay to Benin were Concentrated Milk ($567k) and Milk ($18.4k). During the last 5 years the exports of Paraguay to Benin have increased at an annualized rate of 41.3%, from $104k in 2022 to $585k in 2017.

Exports from Benin () to Paraguay () (2022)

Exports from Paraguay () to Benin () (2022)

Latest Data

Trade between Benin () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Benin
Top DestinationIndia$448M

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Benin than Paraguay included Bangladesh ($406M), United Arab Emirates ($382M), and India ($448M).

In 2022, countries that imported more from Paraguay than Benin included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay () and Benin () (2022)

Comparative Advantage Benin - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2017, Paraguay had a large net trade with Benin in the exports of Animal Products ($585k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Benin Paraguay+$2.67kRefined Petroleum

Top Product Potential Paraguay Benin+$2.89kElectricity

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Benin and Paraguay. This means that a dot/product with the flag of Benin indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Benin.

About

Historical Data

Bilateral Trade by Products

Exports from Benin () to Paraguay () (2022)

Exports from Paraguay () to Benin () (2022)

Latest Data

Trade between Benin () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Benin () (2022)

Comparative Advantage Benin - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Benin () and Paraguay () (2022)

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