Hungary (HUN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Hungary-Paraguay Trade: In 2022, Hungary exported $5.68M to Paraguay. The main products that Hungary exported to Paraguay were Cars ($948k), Chemical Analysis Instruments ($610k), and Metal Insulating Fittings ($508k). Over the past 5 years the exports of Hungary to Paraguay have decreased at an annualized rate of 8.16%, from $8.69M in 2017 to $5.68M in 2022.

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

Paraguay-Hungary Trade: In 2022, Paraguay exported $8.31k to Hungary. The main products that Paraguay exported to Hungary were Raw Tobacco ($3.38k), Broadcasting Equipment ($3.1k), and Textile Footwear ($996). Over the past 5 years the exports of Paraguay to Hungary have increased at an annualized rate of 71.3%, from $563 in 2017 to $8.31k in 2022.

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

Comparison: In 2022, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B). 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, Hungary exported $5.68M to Paraguay. The main products exported from Hungary to Paraguay were Cars ($948k), Chemical Analysis Instruments ($610k), and Metal Insulating Fittings ($508k). During the last 5 years the exports of Hungary to Paraguay have decreased at an annualized rate of 8.16%, from $8.69M in 2017 to $5.68M in 2022.

In 2017, Paraguay exported $8.31k to Hungary. The main products exported from Paraguay to Hungary were Raw Tobacco ($3.38k), Broadcasting Equipment ($3.1k), and Textile Footwear ($996). During the last 5 years the exports of Paraguay to Hungary have increased at an annualized rate of 71.3%, from $563 in 2022 to $8.31k in 2017.

Exports from Hungary () to Paraguay () (2022)

Exports from Paraguay () to Hungary () (2022)

Latest Data

Trade between Hungary () and Paraguay ()

Hungary Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Hungary than Paraguay included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

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

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

Comparative Advantage Hungary - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Paraguay in the exports of Machines ($1.84M), Transportation ($1.28M), and Chemical Products ($836k).

During 2017, Paraguay had a large net trade with Hungary in the exports of Machines ($3.74k), Foodstuffs ($3.38k), and Footwear and Headwear ($996).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary Paraguay+$3.66MCars

Top Product Potential Paraguay Hungary+$22.7kTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to Paraguay () (2022)

Exports from Paraguay () to Hungary () (2022)

Latest Data

Trade between Hungary () and Paraguay ()

Hungary Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Hungary - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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