Bosnia and Herzegovina (BIH) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Bosnia and Herzegovina-Paraguay Trade: In 2022, Bosnia and Herzegovina exported $162k to Paraguay. The main products that Bosnia and Herzegovina exported to Paraguay were Kraft Paper ($70k), Other Domestic Electric Housewares ($67.1k), and Rubber Footwear ($8.3k). Over the past 5 years the exports of Bosnia and Herzegovina to Paraguay have increased at an annualized rate of 144%, from $1.88k in 2017 to $162k in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Paraguay.

Paraguay-Bosnia and Herzegovina Trade: In 2022, Paraguay exported $216k to Bosnia and Herzegovina. The main products that Paraguay exported to Bosnia and Herzegovina were Other Oily Seeds ($195k), Ground Nuts ($19.6k), and Legume Flours ($893). Over the past 5 years the exports of Paraguay to Bosnia and Herzegovina have increased at an annualized rate of 8.68%, from $143k in 2017 to $216k in 2022.

In 2022, Paraguay did not export any services to Bosnia and Herzegovina.

Comparison: In 2022, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B). 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, Bosnia and Herzegovina exported $162k to Paraguay. The main products exported from Bosnia and Herzegovina to Paraguay were Kraft Paper ($70k), Other Domestic Electric Housewares ($67.1k), and Rubber Footwear ($8.3k). During the last 5 years the exports of Bosnia and Herzegovina to Paraguay have increased at an annualized rate of 144%, from $1.88k in 2017 to $162k in 2022.

In 2017, Paraguay exported $216k to Bosnia and Herzegovina. The main products exported from Paraguay to Bosnia and Herzegovina were Other Oily Seeds ($195k), Ground Nuts ($19.6k), and Legume Flours ($893). During the last 5 years the exports of Paraguay to Bosnia and Herzegovina have increased at an annualized rate of 8.68%, from $143k in 2022 to $216k in 2017.

Exports from Bosnia and Herzegovina () to Paraguay () (2022)

Exports from Paraguay () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Paraguay ()

Bosnia and Herzegovina Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationCroatia$1.47B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Bosnia and Herzegovina than Paraguay included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

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

Difference in imports from Paraguay () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bosnia and Herzegovina had a large net trade with Paraguay in the exports of Machines ($78.7k), Paper Goods ($70k), and Footwear and Headwear ($8.3k).

During 2017, Paraguay had a large net trade with Bosnia and Herzegovina in the exports of Vegetable Products ($216k) and Foodstuffs ($565).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Bosnia and Herzegovina Paraguay+$70.7kKraft Paper

Top Product Potential Paraguay Bosnia and Herzegovina+$18.8kOther Oily Seeds

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

About

Historical Data

Bilateral Trade by Products

Exports from Bosnia and Herzegovina () to Paraguay () (2022)

Exports from Paraguay () to Bosnia and Herzegovina () (2022)

Latest Data

Trade between Bosnia and Herzegovina () and Paraguay ()

Bosnia and Herzegovina Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Bosnia and Herzegovina () (2022)

Comparative Advantage Bosnia and Herzegovina - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bosnia and Herzegovina () and Paraguay () (2022)

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