Guatemala (GTM) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Guatemala-Paraguay Trade: In 2023, Guatemala exported $1.95M to Paraguay. The main products that Guatemala exported to Paraguay were Pesticides ($422k), Plastic Lids ($214k), and Borates ($191k). Over the past 5 years the exports of Guatemala to Paraguay have decreased at an annualized rate of 1.11%, from $2.06M in 2018 to $1.95M in 2023.

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

Paraguay-Guatemala Trade: In 2023, Paraguay exported $24.2M to Guatemala. The main products that Paraguay exported to Guatemala were Rice ($10.8M), Packaged Medicaments ($8.3M), and Starches ($1.87M). Over the past 5 years the exports of Paraguay to Guatemala have increased at an annualized rate of 46.1%, from $3.63M in 2018 to $24.2M in 2023.

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

Comparison: In 2023, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B). 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, Guatemala exported $1.95M to Paraguay. The main products exported from Guatemala to Paraguay were Pesticides ($422k), Plastic Lids ($214k), and Borates ($191k). During the last 5 years the exports of Guatemala to Paraguay have decreased at an annualized rate of 1.11%, from $2.06M in 2018 to $1.95M in 2023.

In 2018, Paraguay exported $24.2M to Guatemala. The main products exported from Paraguay to Guatemala were Rice ($10.8M), Packaged Medicaments ($8.3M), and Starches ($1.87M). During the last 5 years the exports of Paraguay to Guatemala have increased at an annualized rate of 46.1%, from $3.63M in 2023 to $24.2M in 2018.

Exports from Guatemala () to Paraguay () (2023)

Exports from Paraguay () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Paraguay ()

Guatemala Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Guatemala
Top DestinationUnited States$5.16B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Guatemala than Paraguay included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

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

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

Comparative Advantage Guatemala - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Guatemala had a large net trade with Paraguay in the exports of Chemical Products ($954k), Miscellaneous ($324k), and Textiles ($268k).

During 2018, Paraguay had a large net trade with Guatemala in the exports of Vegetable Products ($12.8M), Chemical Products ($8.36M), and Animal Products ($960k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Guatemala Paraguay+$283kPlastic Lids

Top Product Potential Paraguay Guatemala+$1.23MSoybean Oil

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

About

Historical Data

Bilateral Trade by Products

Exports from Guatemala () to Paraguay () (2023)

Exports from Paraguay () to Guatemala () (2023)

Latest Data

Trade between Guatemala () and Paraguay ()

Guatemala Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Guatemala - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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