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

About

Switzerland-Paraguay Trade: In 2023, Switzerland exported $187M to Paraguay. The main products that Switzerland exported to Paraguay were Refined Petroleum ($123M), Vaccines, blood, antisera, toxins and cultures ($15.6M), and Packaged Medicaments ($9.43M). Over the past 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 18%, from $81.8M in 2018 to $187M in 2023.

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

Paraguay-Switzerland Trade: In 2023, Paraguay exported $28.5M to Switzerland. The main products that Paraguay exported to Switzerland were Bovine Meat ($14M), Raw Sugar ($4.86M), and Soybeans ($2.48M). Over the past 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 0.91%, from $29.8M in 2018 to $28.5M in 2023.

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

Comparison: In 2023, Switzerland ranked 3 in the Economic Complexity Index (ECI 1.96), and 17 in total exports ($398B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Switzerland exported $187M to Paraguay. The main products exported from Switzerland to Paraguay were Refined Petroleum ($123M), Vaccines, blood, antisera, toxins and cultures ($15.6M), and Packaged Medicaments ($9.43M). During the last 5 years the exports of Switzerland to Paraguay have increased at an annualized rate of 18%, from $81.8M in 2018 to $187M in 2023.

In 2018, Paraguay exported $28.5M to Switzerland. The main products exported from Paraguay to Switzerland were Bovine Meat ($14M), Raw Sugar ($4.86M), and Soybeans ($2.48M). During the last 5 years the exports of Paraguay to Switzerland have decreased at an annualized rate of 0.91%, from $29.8M in 2023 to $28.5M in 2018.

Exports from Switzerland () to Paraguay () (2023)

Exports from Paraguay () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Paraguay ()

Switzerland Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Switzerland
Top DestinationGermany$53.8B

Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Switzerland than Paraguay included Germany ($53.8B), China ($47.7B), and United States ($45.1B).

In 2023, countries that imported more from Paraguay than Switzerland included Argentina ($4B), Chile ($1.26B), and Uruguay ($274M).

Difference in imports from Paraguay () and Switzerland () (2023)

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 2023, Switzerland had a large net trade with Paraguay in the exports of Mineral Products ($126M), Chemical Products ($29.6M), and Machines ($7.01M).

During 2018, Paraguay had a large net trade with Switzerland in the exports of Animal Products ($14.4M), Foodstuffs ($5.32M), and Vegetable Products ($3.16M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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 () (2023)

Exports from Paraguay () to Switzerland () (2023)

Latest Data

Trade between Switzerland () and Paraguay ()

Switzerland Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Switzerland () (2023)

Comparative Advantage Switzerland - Paraguay

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Switzerland () and Paraguay () (2023)

Keep Exploring