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2023
Flag → Flag
Exports $163MRnk 96 / 220
2023
Flag → Flag
Top Product $35.9MPerfumes
2023
Flag → Flag
Exports $35.3MRnk 25 / 153
2023
Flag → Flag
Top Product $6.26MSoybean Meal
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
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GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
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GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Spain-Paraguay Trade: In 2023, Spain exported $163M to Paraguay. The main products that Spain exported to Paraguay were Perfumes ($35.9M), Packaged Medicaments ($8.24M), and Industrial Fatty Acids, Oils and Alcohols ($5.59M). Over the past 5 years the exports of Spain to Paraguay have increased at an annualized rate of 1.49%, from $152M in 2018 to $163M in 2023.

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

Paraguay-Spain Trade: In 2023, Paraguay exported $35.3M to Spain. The main products that Paraguay exported to Spain were Soybean Meal ($6.26M), Wood Charcoal ($4.19M), and Alcohol > 80% ABV ($3.91M). Over the past 5 years the exports of Paraguay to Spain have decreased at an annualized rate of 13.5%,  from $72.9M in 2018 to $35.3M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €14.1M and imported €2.69M from Paraguay, resulting in a positive trade balance of €11.5M. Between November 2023 and November 2024 the exports of Spain have increased by €1.29M (10%) from €12.9M to €14.1M, while imports decreased by €-1.96M (-42.2%) from €4.65M to €2.69M.

Trade In November 2024, the top exports of Spain to Paraguay were Perfumes (€3.66M), Hard Liquor (€495k), Petroleum Coke (€424k), Packaged Medicaments (€385k), and Knit Sweaters (€384k). In November 2024 the top imports of Spain from Paraguay were Alcohol > 80% ABV (€1.06M), Wood Charcoal (€701k), Perfume Plants (€301k), Starches (€295k), and Other Oily Seeds (€218k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€7.72M), Madrid (€935k), Alicante (€660k), Girona (€647k), and Valencia (€586k), while imports destinations were mainly Sevilla (€1.3M), Barcelona (€497k), León (€187k), Madrid (€165k), and Murcia (€132k).

Growth In November 2024, the increase in Spain's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Perfumes (€1.4M or 62%), Knit Sweaters (€366k or 2k%), and Hard Liquor (€336k or 211%). In November 2024, the decrease in Spain's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in Rice (€-361k or -99.9%), Essential Oils (€-212k or -77.4%), and Non-Knit Women's Suits (€-112k or -96.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€1.29M(10%)
IMPORT GROWTH (November 2023 - November 2024)€-1.96M(-42.2%)
MAIN EXPORTER (November 2024)Barcelona€7.72M

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

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

For full datasets download visit Bulk Download page.

Explore Paraguay and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $163M to Paraguay. The main products exported from Spain to Paraguay were Perfumes ($35.9M), Packaged Medicaments ($8.24M), and Industrial Fatty Acids, Oils and Alcohols ($5.59M). During the last 5 years the exports of Spain to Paraguay have increased at an annualized rate of 1.49%, from $152M in 2018 to $163M in 2023.

In 2018, Paraguay exported $35.3M to Spain. The main products exported from Paraguay to Spain were Soybean Meal ($6.26M), Wood Charcoal ($4.19M), and Alcohol > 80% ABV ($3.91M). During the last 5 years the exports of Paraguay to Spain have decreased at an annualized rate of 13.5%, from $72.9M in 2023 to $35.3M in 2018.

Exports from Spain (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Spain than Paraguay included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Paraguay than Spain included Argentina ($4B) and Bolivia ($167M).

Difference in imports from Paraguay (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Paraguay

Flow
Scale

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

During 2023, Spain had a large net trade with Paraguay in the exports of Chemical Products ($75.1M), Machines ($26.4M), and Foodstuffs ($10.4M).

During 2018, Paraguay had a large net trade with Spain in the exports of Foodstuffs ($11.6M), Vegetable Products ($8.08M), and Wood Products ($4.61M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Paraguay+$5.15MPackaged Medicaments
Top Product Potential Paraguay Spain+$2.6MBovine 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 Spain and Paraguay. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Paraguay (Flag) (2023)

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