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Pricing

2023
Flag → Flag
Exports $103MRnk 82 / 215
2023
Flag → Flag
Top Product $71MPotassic Fertilizers
2023
Flag → Flag
Exports $10.2MRnk 53 / 153
2023
Flag → Flag
Top Product $2.25MOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Canada-Paraguay Trade: In 2023, Canada exported $103M to Paraguay. The main products that Canada exported to Paraguay were Potassic Fertilizers ($71M), Harvesting Machinery ($7.67M), and Planes, Helicopters, and/or Spacecraft ($3.05M). Over the past 5 years the exports of Canada to Paraguay have increased at an annualized rate of 9.12%, from $66.5M in 2018 to $103M in 2023.

In 2023, Canada did not export any services to Paraguay.

Paraguay-Canada Trade: In 2023, Paraguay exported $10.2M to Canada. The main products that Paraguay exported to Canada were Other Oily Seeds ($2.25M), Ferroalloys ($1.05M), and Raw Sugar ($949k). Over the past 5 years the exports of Paraguay to Canada have decreased at an annualized rate of 2.93%,  from $11.8M in 2018 to $10.2M in 2023.

In 2023, Paraguay did not export any services to Canada.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

December, 2024

About

Overview In December 2024, Canada exported C$2.44M and imported C$11.4M from Paraguay, resulting in a negative trade balance of C$8.96M. Between December 2023 and December 2024 the exports of Canada have decreased by C$-955k (-28.1%) from C$3.4M to C$2.44M, while imports increased by C$9.82M (621%) from C$1.58M to C$11.4M.

Trade In December 2024, the top exports of Canada to Paraguay were Vaccines, blood, antisera, toxins and cultures (C$691k), Broadcasting Equipment (C$134k), Newsprint (C$78.1k), Commodities not elsewhere specified (C$69.5k), and Laboratory Reagents (C$20.2k). In December 2024 the top imports of Canada from Paraguay were Other Oily Seeds (C$741k), Raw Sugar (C$129k), Wood Charcoal (C$98.3k), Molasses (C$85.2k), and Other Sugars (C$72.5k).

Origins In December 2024 the exports of Canada were mainly from N/A, while imports destinations were mainly Quebec (C$8.05M), Ontario (C$1.74M), British Columbia (C$1.55M), Saskatchewan (C$39.5k), and Alberta (C$14k).

Growth In December 2024, the decrease in Canada's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in . In December 2024, the increase in Canada's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Other Oily Seeds (C$407k or 122%), Other Sugars (C$50.3k or 226%), and Non-Knit Women's Suits (C$44.6k or 395%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)C$-955k(-28.1%)
IMPORT GROWTH (December 2023 - December 2024)C$9.82M(621%)

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Paraguay and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $103M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($71M), Harvesting Machinery ($7.67M), and Planes, Helicopters, and/or Spacecraft ($3.05M). During the last 5 years the exports of Canada to Paraguay have increased at an annualized rate of 9.12%, from $66.5M in 2018 to $103M in 2023.

In 2018, Paraguay exported $10.2M to Canada. The main products exported from Paraguay to Canada were Other Oily Seeds ($2.25M), Ferroalloys ($1.05M), and Raw Sugar ($949k). During the last 5 years the exports of Paraguay to Canada have decreased at an annualized rate of 2.93%, from $11.8M in 2023 to $10.2M in 2018.

Exports from Canada (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Canada than Paraguay included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Paraguay than Canada included Argentina ($4B), Chile ($1.26B), and Russia ($267M).

Difference in imports from Paraguay (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - Paraguay

Flow
Scale

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

During 2023, Canada had a large net trade with Paraguay in the exports of Chemical Products ($77.1M), Machines ($14.6M), and Transportation ($3.75M).

During 2018, Paraguay had a large net trade with Canada in the exports of Vegetable Products ($3.96M), Metals ($1.67M), and Foodstuffs ($1.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Paraguay+$1.38MPackaged Medicaments
Top Product Potential Paraguay Canada+$1.13MRice

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

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

Product Space of Canada (Flag) and Paraguay (Flag) (2023)

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