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Pricing

2022
Flag → Flag
Exports $111MRnk 84 / 215
2022
Flag → Flag
Top Product $86.3MPotassic Fertilizers
2022
Flag → Flag
Exports $18.4MRnk 37 / 158
2022
Flag → Flag
Top Product $10.5MFerroalloys
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Canada-Paraguay Trade: In 2022, Canada exported $111M to Paraguay. The main products that Canada exported to Paraguay were Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). Over the past 5 years the exports of Canada to Paraguay have increased at an annualized rate of 20.4%, from $43.7M in 2017 to $111M in 2022.

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

Paraguay-Canada Trade: In 2022, Paraguay exported $18.4M to Canada. The main products that Paraguay exported to Canada were Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). Over the past 5 years the exports of Paraguay to Canada have increased at an annualized rate of 17.9%,  from $8.09M in 2017 to $18.4M in 2022.

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

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$3.33M and imported C$2.28M from Paraguay, resulting in a positive trade balance of C$1.05M. Between August 2023 and August 2024 the exports of Canada have increased by C$1.96M (143%) from C$1.37M to C$3.33M, while imports increased by C$644k (39.2%) from C$1.64M to C$2.28M.

Trade In August 2024, the top exports of Canada to Paraguay were Shaving Products (C$129k), Pesticides (C$91.7k), Soil Preparation Machinery (C$47.3k), Transmissions (C$45.9k), and Audio Alarms (C$20.5k). In August 2024 the top imports of Canada from Paraguay were Other Oily Seeds (C$334k), Iron Structures (C$294k), Rice (C$197k), Wood Charcoal (C$196k), and Raw Sugar (C$95.2k).

Origins In August 2024 the exports of Canada were mainly from Manitoba (C$2.25M), Ontario (C$666k), Quebec (C$414k), and British Columbia (C$653), while imports destinations were mainly Quebec (C$867k), Ontario (C$769k), British Columbia (C$374k), Alberta (C$241k), and Manitoba (C$33.5k).

Growth In August 2024, the increase in Canada's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Laboratory Reagents (C$5.75k or 237%) and Machinery Having Individual Functions (C$1.42k or 9.35%). In August 2024, the increase in Canada's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Rice (C$148k or 303%), Wood Charcoal (C$77.8k or 66%), and Insulated Wire (C$10.9k or 192%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$1.96M(143%)
IMPORT GROWTH (August 2023 - August 2024)C$644k(39.2%)
MAIN EXPORTER (August 2024)ManitobaC$2.25M

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 2022, Canada exported $111M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). During the last 5 years the exports of Canada to Paraguay have increased at an annualized rate of 20.4%, from $43.7M in 2017 to $111M in 2022.

In 2017, Paraguay exported $18.4M to Canada. The main products exported from Paraguay to Canada were Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). During the last 5 years the exports of Paraguay to Canada have increased at an annualized rate of 17.9%, from $8.09M in 2022 to $18.4M in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Paraguay
Top DestinationBrazil$3.67B

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 2022, countries that imported more from Canada than Paraguay included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Paraguay than Canada included Argentina ($1.91B), Chile ($1.16B), and Russia ($356M).

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

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 2022, Canada had a large net trade with Paraguay in the exports of Chemical Products ($90.1M), Machines ($13.2M), and Paper Goods ($2M).

During 2017, Paraguay had a large net trade with Canada in the exports of Metals ($10.8M), Vegetable Products ($4.03M), and Foodstuffs ($1.39M).

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) (2022)

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