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Pricing

2022
Flag → Flag
Exports $248MRnk 104 / 223
2022
Flag → Flag
Top Product $20.6MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $51.8MRnk 22 / 158
2022
Flag → Flag
Top Product $9MBovine Meat
2022
Flag
Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Germany-Paraguay Trade: In 2022, Germany exported $248M to Paraguay. The main products that Germany exported to Paraguay were Vaccines, blood, antisera, toxins and cultures ($20.6M), Cars ($18.1M), and Packaged Medicaments ($15M). Over the past 5 years the exports of Germany to Paraguay have increased at an annualized rate of 3.07%, from $214M in 2017 to $248M in 2022.

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

Paraguay-Germany Trade: In 2022, Paraguay exported $51.8M to Germany. The main products that Paraguay exported to Germany were Bovine Meat ($9M), Other Oily Seeds ($7.78M), and Wood Charcoal ($6.01M). Over the past 5 years the exports of Paraguay to Germany have decreased at an annualized rate of 23.1%,  from $192M in 2017 to $51.8M in 2022.

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

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €21.8M and imported €5.25M from Paraguay, resulting in a positive trade balance of €16.6M. Between July 2023 and July 2024 the exports of Germany have increased by €8.32M (61.5%) from €13.5M to €21.8M, while imports decreased by €-2.37M (-31.1%) from €7.62M to €5.25M.

Trade In July 2024, the top exports of Germany to Paraguay were Pharmaceutical products (€2.08M), Articles of plastic (€1.19M), Machinery for electricity production, distribution (€1.17M), Medical, surgical equipment, orthopaedic apparatus (€885k), and Other articles of iron, iron sheet,... (€863k). In July 2024 the top imports of Germany from Paraguay were Oilseed and oleaginous fruits (€2.08M), Sugar beets, sugar and sugar products (€1.09M), Other semi-finished products (€920k), Meat and meat products (€637k), and Pharmaceutical products (€216k).

Origins In July 2024 the exports of Germany were mainly from Bavaria (€3.06M), Baden-Württemberg (€2.82M), North Rhine-Westphalia (€2.14M), Hesse (€1.42M), and Lower Saxony (€1.33M), while imports destinations were mainly Hamburg (€1.05M), Schleswig-Holstein (€954k), Bavaria (€929k), Lower Saxony (€851k), and Bremen (€417k).

Growth In July 2024, the increase in Germany's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Other articles of iron, iron sheet,... (€669k or 345%), Articles of plastic (€651k or 122%), and Medical, surgical equipment, orthopaedic apparatus (€594k or 204%). In July 2024, the decrease in Germany's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in Copper and copper alloys, incl. waste,... (€-323k or -67.3%), Tea and mate (€-155k or -99.4%), and Bran, food waste for animal feed... (€-71k or -65.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (July 2023 - July 2024)€8.32M(61.5%)
IMPORT GROWTH (July 2023 - July 2024)€-2.37M(-31.1%)
MAIN EXPORTER (July 2024)Bavaria€3.06M

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Germany Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $248M to Paraguay. The main products exported from Germany to Paraguay were Vaccines, blood, antisera, toxins and cultures ($20.6M), Cars ($18.1M), and Packaged Medicaments ($15M). During the last 5 years the exports of Germany to Paraguay have increased at an annualized rate of 3.07%, from $214M in 2017 to $248M in 2022.

In 2017, Paraguay exported $51.8M to Germany. The main products exported from Paraguay to Germany were Bovine Meat ($9M), Other Oily Seeds ($7.78M), and Wood Charcoal ($6.01M). During the last 5 years the exports of Paraguay to Germany have decreased at an annualized rate of 23.1%, from $192M in 2022 to $51.8M in 2017.

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

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

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Germany than Paraguay included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Paraguay than from Germany.

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

Comparative Advantage Germany - Paraguay

Flow
Scale

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

During 2022, Germany had a large net trade with Paraguay in the exports of Machines ($72.4M), Chemical Products ($70.8M), and Transportation ($38.6M).

During 2017, Paraguay had a large net trade with Germany in the exports of Vegetable Products ($11.7M), Animal Products ($10.9M), and Metals ($8.14M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Paraguay+$23.8MCars
Top Product Potential Paraguay Germany+$9.7MBovine 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

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

Product Space of Germany (Flag) and Paraguay (Flag) (2022)

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