Switzerland (CHE) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Switzerland-Paraguay Trade: In 2022, Switzerland exported $81.1M to Paraguay. The main products that Switzerland exported to Paraguay were Refined Petroleum ($27.9M), Packaged Medicaments ($8.08M), and Petroleum Coke ($7.22M). Over the past 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 16.5%, from $37.7M in 2017 to $81.1M in 2022.

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

Paraguay-Switzerland Trade: In 2022, Paraguay exported $21.1M to Switzerland. The main products that Paraguay exported to Switzerland were Bovine Meat ($12.3M), Raw Sugar ($3.84M), and Essential Oils ($1.47M). Over the past 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 19.2%, from $61.4M in 2017 to $21.1M in 2022.

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

Comparison: In 2022, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B). 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, Switzerland exported $81.1M to Paraguay. The main products exported from Switzerland to Paraguay were Refined Petroleum ($27.9M), Packaged Medicaments ($8.08M), and Petroleum Coke ($7.22M). During the last 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 16.5%, from $37.7M in 2017 to $81.1M in 2022.

In 2017, Paraguay exported $21.1M to Switzerland. The main products exported from Paraguay to Switzerland were Bovine Meat ($12.3M), Raw Sugar ($3.84M), and Essential Oils ($1.47M). During the last 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 19.2%, from $61.4M in 2022 to $21.1M in 2017.

Exports from Switzerland () to Paraguay () (2022)

Exports from Paraguay () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Paraguay ()

Switzerland Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationUnited States$61.7B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Switzerland than Paraguay included United States ($61.7B), Germany ($53.5B), and China ($44.1B).

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

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

Comparative Advantage Switzerland - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Switzerland had a large net trade with Paraguay in the exports of Mineral Products ($38.3M), Chemical Products ($18.9M), and Machines ($7.73M).

During 2017, Paraguay had a large net trade with Switzerland in the exports of Animal Products ($13.5M), Foodstuffs ($4.06M), and Chemical Products ($1.59M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Switzerland Paraguay+$6.73MPackaged Medicaments

Top Product Potential Paraguay Switzerland+$948kBovine Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Switzerland () to Paraguay () (2022)

Exports from Paraguay () to Switzerland () (2022)

Latest Data

Trade between Switzerland () and Paraguay ()

Switzerland Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Switzerland - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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