Bangladesh (BGD) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Bangladesh-Paraguay Trade: In 2022, Bangladesh exported $6.69M to Paraguay. The main products that Bangladesh exported to Paraguay were Knit T-shirts ($1.14M), Non-Knit Women's Suits ($970k), and Non-Knit Men's Suits ($748k). Over the past 5 years the exports of Bangladesh to Paraguay have increased at an annualized rate of 20.5%, from $2.64M in 2017 to $6.69M in 2022.

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

Paraguay-Bangladesh Trade: In 2022, Paraguay exported $43.7M to Bangladesh. The main products that Paraguay exported to Bangladesh were Soybean Oil ($40.7M), Raw Cotton ($2.48M), and Other Oily Seeds ($550k). Over the past 5 years the exports of Paraguay to Bangladesh have decreased at an annualized rate of 17.6%, from $115M in 2017 to $43.7M in 2022.

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

Comparison: In 2022, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B). 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

In 2022, Bangladesh exported $6.69M to Paraguay. The main products exported from Bangladesh to Paraguay were Knit T-shirts ($1.14M), Non-Knit Women's Suits ($970k), and Non-Knit Men's Suits ($748k). During the last 5 years the exports of Bangladesh to Paraguay have increased at an annualized rate of 20.5%, from $2.64M in 2017 to $6.69M in 2022.

In 2017, Paraguay exported $43.7M to Bangladesh. The main products exported from Paraguay to Bangladesh were Soybean Oil ($40.7M), Raw Cotton ($2.48M), and Other Oily Seeds ($550k). During the last 5 years the exports of Paraguay to Bangladesh have decreased at an annualized rate of 17.6%, from $115M in 2022 to $43.7M in 2017.

Exports from Bangladesh () to Paraguay () (2022)

Exports from Paraguay () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bangladesh
Top DestinationUnited States$11.7B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Bangladesh than Paraguay included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

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

Comparative Advantage Bangladesh - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bangladesh had a large net trade with Paraguay in the exports of Textiles ($5.38M), Footwear and Headwear ($628k), and Chemical Products ($608k).

During 2017, Paraguay had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($40.7M), Textiles ($2.48M), and Vegetable Products ($550k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bangladesh Paraguay+$1.52MKnit T-shirts

Top Product Potential Paraguay Bangladesh+$1.17MRaw Cotton

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 Bangladesh and Paraguay. This means that a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Bangladesh.

About

Historical Data

Bilateral Trade by Products

Exports from Bangladesh () to Paraguay () (2022)

Exports from Paraguay () to Bangladesh () (2022)

Latest Data

Trade between Bangladesh () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Bangladesh - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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