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Pricing

2022
Flag → Flag
Exports $57.2MRnk 120 / 224
2022
Flag → Flag
Top Product $25.2MHard Liquor
2022
Flag → Flag
Exports $109MRnk 12 / 158
2022
Flag → Flag
Top Product $66.5MSoybean Meal
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

United Kingdom-Paraguay Trade: In 2022, United Kingdom exported $57.2M to Paraguay. The main products that United Kingdom exported to Paraguay were Hard Liquor ($25.2M), Soybean Meal ($3.64M), and Cars ($2.81M). Over the past 5 years the exports of United Kingdom to Paraguay have increased at an annualized rate of 3.6%, from $47.9M in 2017 to $57.2M in 2022.

In 2022, United Kingdom did not export any services to Paraguay.

Paraguay-United Kingdom Trade: In 2022, Paraguay exported $109M to United Kingdom. The main products that Paraguay exported to United Kingdom were Soybean Meal ($66.5M), Alcohol > 80% ABV ($12.4M), and Wood Charcoal ($11.3M). Over the past 5 years the exports of Paraguay to United Kingdom have increased at an annualized rate of 2.1%,  from $98.5M in 2017 to $109M in 2022.

In 2022, Paraguay did not export any services to United Kingdom.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £936k and imported £765k from Paraguay, resulting in a positive trade balance of £172k. Between August 2023 and August 2024 the exports of United Kingdom have decreased by £-1.04M (-52.6%) from £1.97M to £936k, while imports decreased by £-1.74M (-69.4%) from £2.5M to £765k.

Trade In August 2024, the top exports of United Kingdom to Paraguay were Hard Liquor (£747k), Stone Processing Machines (£189k), Cars (£56.2k), Coffee and Tea Extracts (£31.9k), and Woven Fabric of Synthetic Staple Fibers (£25.3k). In August 2024 the top imports of United Kingdom from Paraguay were Wood Charcoal (£956k), Plywood (£607k), Other Oily Seeds (£352k), Frozen Bovine Meat (£147k), and Ground Nuts (£139k).

Origins In August 2024 the exports of United Kingdom were mainly from London (£309k), Liverpool (£177k), London Gateway (£143k), London Heathrow Airport (£117k), and East Midlands Airport (£107k), while imports destinations were mainly London Gateway (£704k), East Midlands Airport (£29.3k), London Heathrow Airport (£16.7k), and Middlesbrough (£14.9k).

Growth In August 2024, the decrease in United Kingdom's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Hard Liquor (£-1.53M or -67.2%), Cars (£-131k or -69.9%), and Microphones and Headphones (£-57.6k or -90.9%). In August 2024, the decrease in United Kingdom's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£-1.04M(-52.6%)
IMPORT GROWTH (August 2023 - August 2024)£-1.74M(-69.4%)
MAIN EXPORTER (August 2024)London£309k

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

To check Paraguay and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $57.2M to Paraguay. The main products exported from United Kingdom to Paraguay were Hard Liquor ($25.2M), Soybean Meal ($3.64M), and Cars ($2.81M). During the last 5 years the exports of United Kingdom to Paraguay have increased at an annualized rate of 3.6%, from $47.9M in 2017 to $57.2M in 2022.

In 2017, Paraguay exported $109M to United Kingdom. The main products exported from Paraguay to United Kingdom were Soybean Meal ($66.5M), Alcohol > 80% ABV ($12.4M), and Wood Charcoal ($11.3M). During the last 5 years the exports of Paraguay to United Kingdom have increased at an annualized rate of 2.1%, from $98.5M in 2022 to $109M in 2017.

Exports from United Kingdom (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from United Kingdom than Paraguay included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2022, countries that imported more from Paraguay than United Kingdom included Argentina ($1.91B), Chile ($1.16B), and Brazil ($3.67B).

Difference in imports from Paraguay (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Paraguay

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Paraguay in the exports of Foodstuffs ($29.7M), Chemical Products ($6.51M), and Machines ($4.7M).

During 2017, Paraguay had a large net trade with United Kingdom in the exports of Foodstuffs ($79.6M), Wood Products ($16.9M), and Vegetable Products ($6.85M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Paraguay+$10MRefined Petroleum
Top Product Potential Paraguay United Kingdom+$4.01MAlcohol > 80% ABV

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

Product Space of United Kingdom (Flag) and Paraguay (Flag) (2022)

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