Croatia (HRV) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Croatia-Paraguay Trade: In 2022, Croatia exported $4.07M to Paraguay. The main products that Croatia exported to Paraguay were Electrical Transformers ($3.32M), Iron Blocks ($251k), and Raw Tobacco ($139k). Over the past 5 years the exports of Croatia to Paraguay have increased at an annualized rate of 39.5%, from $771k in 2017 to $4.07M in 2022.

In 2022, Croatia did not export any services to Paraguay.

Paraguay-Croatia Trade: In 2022, Paraguay exported $375k to Croatia. The main products that Paraguay exported to Croatia were Other Oily Seeds ($255k), Washing and Bottling Machines ($70.8k), and Perfume Plants ($36.1k). Over the past 5 years the exports of Paraguay to Croatia have increased at an annualized rate of 340%, from $228 in 2017 to $375k in 2022.

In 2022, Paraguay did not export any services to Croatia.

Comparison: In 2022, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Croatia exported $4.07M to Paraguay. The main products exported from Croatia to Paraguay were Electrical Transformers ($3.32M), Iron Blocks ($251k), and Raw Tobacco ($139k). During the last 5 years the exports of Croatia to Paraguay have increased at an annualized rate of 39.5%, from $771k in 2017 to $4.07M in 2022.

In 2017, Paraguay exported $375k to Croatia. The main products exported from Paraguay to Croatia were Other Oily Seeds ($255k), Washing and Bottling Machines ($70.8k), and Perfume Plants ($36.1k). During the last 5 years the exports of Paraguay to Croatia have increased at an annualized rate of 340%, from $228 in 2022 to $375k in 2017.

Exports from Croatia () to Paraguay () (2022)

Exports from Paraguay () to Croatia () (2022)

Latest Data

Trade between Croatia () and Paraguay ()

Croatia Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Croatia
Top DestinationItaly$3.44B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Croatia than Paraguay included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

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

Difference in imports from Paraguay () and Croatia () (2022)

Comparative Advantage Croatia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Croatia had a large net trade with Paraguay in the exports of Machines ($3.51M), Metals ($324k), and Foodstuffs ($139k).

During 2017, Paraguay had a large net trade with Croatia in the exports of Vegetable Products ($291k), Machines ($73.4k), and Wood Products ($9.36k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Croatia Paraguay+$102kRaw Tobacco

Top Product Potential Paraguay Croatia+$91.4kOther Oily Seeds

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

About

Historical Data

Bilateral Trade by Products

Exports from Croatia () to Paraguay () (2022)

Exports from Paraguay () to Croatia () (2022)

Latest Data

Trade between Croatia () and Paraguay ()

Croatia Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Croatia () (2022)

Comparative Advantage Croatia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Croatia () and Paraguay () (2022)

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