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2023
Flag → Flag
Exports $1.06MRnk 124 / 192
2023
Flag → Flag
Top Product $371kDelivery Trucks
2023
Flag → Flag
Exports $225kRnk 122 / 153
2023
Flag → Flag
Top Product $174kOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH62.2%CURRENT US$
Rnk 49 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Estonia-Paraguay Trade: In 2023, Estonia exported $1.06M to Paraguay. The main products that Estonia exported to Paraguay were Delivery Trucks ($371k), Refined Petroleum ($125k), and Chemical Analysis Instruments ($119k). Over the past 5 years the exports of Estonia to Paraguay have decreased at an annualized rate of 1.76%, from $1.16M in 2018 to $1.06M in 2023.

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

Paraguay-Estonia Trade: In 2023, Paraguay exported $225k to Estonia. The main products that Paraguay exported to Estonia were Other Oily Seeds ($174k), Ground Nuts ($38.9k), and Hard Liquor ($8.23k). Over the past 5 years the exports of Paraguay to Estonia have increased at an annualized rate of 129%,  from $3.58k in 2018 to $225k in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Estonia exported $1.06M to Paraguay. The main products exported from Estonia to Paraguay were Delivery Trucks ($371k), Refined Petroleum ($125k), and Chemical Analysis Instruments ($119k). During the last 5 years the exports of Estonia to Paraguay have decreased at an annualized rate of 1.76%, from $1.16M in 2018 to $1.06M in 2023.

In 2018, Paraguay exported $225k to Estonia. The main products exported from Paraguay to Estonia were Other Oily Seeds ($174k), Ground Nuts ($38.9k), and Hard Liquor ($8.23k). During the last 5 years the exports of Paraguay to Estonia have increased at an annualized rate of 129%, from $3.58k in 2023 to $225k in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Paraguay (Flag)

Estonia Exports

Paraguay Exports

Date

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Estonia than Paraguay included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

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

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

Comparative Advantage Estonia - Paraguay

Flow
Scale

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

During 2023, Estonia had a large net trade with Paraguay in the exports of Transportation ($483k), Mineral Products ($241k), and Instruments ($148k).

During 2018, Paraguay had a large net trade with Estonia in the exports of Vegetable Products ($215k) and Foodstuffs ($10.1k).

Economic Complexity

Competitive Landscape

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

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

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