Denmark (DNK) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Denmark-Paraguay Trade: In 2023, Denmark exported $19.7M to Paraguay. The main products that Denmark exported to Paraguay were Packaged Medicaments ($7.97M), Other Plastic Products ($1.26M), and Industrial Food Preperation Machinery ($1.26M). Over the past 5 years the exports of Denmark to Paraguay have increased at an annualized rate of 11.3%, from $11.6M in 2018 to $19.7M in 2023.

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

Paraguay-Denmark Trade: In 2023, Paraguay exported $650k to Denmark. The main products that Paraguay exported to Denmark were Wood Carpentry ($204k), Other Oily Seeds ($151k), and Shaped Wood ($98.1k). Over the past 5 years the exports of Paraguay to Denmark have decreased at an annualized rate of 53.2%, from $29.1M in 2018 to $650k in 2023.

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

Comparison: In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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, Denmark exported $19.7M to Paraguay. The main products exported from Denmark to Paraguay were Packaged Medicaments ($7.97M), Other Plastic Products ($1.26M), and Industrial Food Preperation Machinery ($1.26M). During the last 5 years the exports of Denmark to Paraguay have increased at an annualized rate of 11.3%, from $11.6M in 2018 to $19.7M in 2023.

In 2018, Paraguay exported $650k to Denmark. The main products exported from Paraguay to Denmark were Wood Carpentry ($204k), Other Oily Seeds ($151k), and Shaped Wood ($98.1k). During the last 5 years the exports of Paraguay to Denmark have decreased at an annualized rate of 53.2%, from $29.1M in 2023 to $650k in 2018.

Exports from Denmark () to Paraguay () (2023)

Exports from Paraguay () to Denmark () (2023)

Latest Data

Trade between Denmark () and Paraguay ()

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Denmark than Paraguay included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

In 2023, countries that imported more from Paraguay than Denmark included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

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

Comparative Advantage Denmark - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with Paraguay in the exports of Chemical Products ($10.4M), Machines ($5.25M), and Plastics and Rubbers ($1.49M).

During 2018, Paraguay had a large net trade with Denmark in the exports of Wood Products ($302k), Foodstuffs ($168k), and Vegetable Products ($151k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark Paraguay+$3.75MPackaged Medicaments

Top Product Potential Paraguay Denmark+$1.96MSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to Paraguay () (2023)

Exports from Paraguay () to Denmark () (2023)

Latest Data

Trade between Denmark () and Paraguay ()

Denmark Exports

Market Competitiveness

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

Comparative Advantage Denmark - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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