Georgia (GEO) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Georgia-Paraguay Trade: In 2023, Georgia exported $70.3k to Paraguay. The main products that Georgia exported to Paraguay were Petroleum Coke ($42.4k), Asphalt Mixtures ($12.7k), and Other Rubber Products ($8.01k). Over the past 5 years the exports of Georgia to Paraguay have increased at an annualized rate of 122%, from $1.29k in 2018 to $70.3k in 2023.

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

Paraguay-Georgia Trade: In 2023, Paraguay exported $24.7M to Georgia. The main products that Paraguay exported to Georgia were Frozen Bovine Meat ($18.8M), Butter ($2.92M), and Pig Meat ($1.25M). Over the past 5 years the exports of Paraguay to Georgia have increased at an annualized rate of 216%, from $79k in 2018 to $24.7M in 2023.

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

Comparison: In 2023, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B). 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, Georgia exported $70.3k to Paraguay. The main products exported from Georgia to Paraguay were Petroleum Coke ($42.4k), Asphalt Mixtures ($12.7k), and Other Rubber Products ($8.01k). During the last 5 years the exports of Georgia to Paraguay have increased at an annualized rate of 122%, from $1.29k in 2018 to $70.3k in 2023.

In 2018, Paraguay exported $24.7M to Georgia. The main products exported from Paraguay to Georgia were Frozen Bovine Meat ($18.8M), Butter ($2.92M), and Pig Meat ($1.25M). During the last 5 years the exports of Paraguay to Georgia have increased at an annualized rate of 216%, from $79k in 2023 to $24.7M in 2018.

Exports from Georgia () to Paraguay () (2023)

Exports from Paraguay () to Georgia () (2023)

Latest Data

Trade between Georgia () and Paraguay ()

Georgia Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Georgia
Top DestinationAzerbaijan$828M

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Georgia than Paraguay included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

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

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

Comparative Advantage Georgia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Georgia had a large net trade with Paraguay in the exports of Mineral Products ($55.1k), Plastics and Rubbers ($8.04k), and Machines ($4.96k).

During 2018, Paraguay had a large net trade with Georgia in the exports of Animal Products ($24.6M) and Vegetable Products ($126k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Georgia Paraguay+$11.4kNon-Knit Women's Suits

Top Product Potential Paraguay Georgia+$566kFrozen Bovine 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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Georgia () to Paraguay () (2023)

Exports from Paraguay () to Georgia () (2023)

Latest Data

Trade between Georgia () and Paraguay ()

Georgia Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Georgia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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