Indonesia (IDN) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Indonesia-Paraguay Trade: In 2023, Indonesia exported $57.8M to Paraguay. The main products that Indonesia exported to Paraguay were Other Electrical Machinery ($10.6M), Cars ($8.7M), and Nitrogenous Fertilizers ($7.97M). Over the past 5 years the exports of Indonesia to Paraguay have increased at an annualized rate of 17.4%, from $26M in 2018 to $57.8M in 2023.

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

Paraguay-Indonesia Trade: In 2023, Paraguay exported $8.45M to Indonesia. The main products that Paraguay exported to Indonesia were Raw Cotton ($7.08M), Other Oily Seeds ($625k), and Dried Legumes ($341k). Over the past 5 years the exports of Paraguay to Indonesia have decreased at an annualized rate of 37.1%, from $85.6M in 2018 to $8.45M in 2023.

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

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $57.8M to Paraguay. The main products exported from Indonesia to Paraguay were Other Electrical Machinery ($10.6M), Cars ($8.7M), and Nitrogenous Fertilizers ($7.97M). During the last 5 years the exports of Indonesia to Paraguay have increased at an annualized rate of 17.4%, from $26M in 2018 to $57.8M in 2023.

In 2018, Paraguay exported $8.45M to Indonesia. The main products exported from Paraguay to Indonesia were Raw Cotton ($7.08M), Other Oily Seeds ($625k), and Dried Legumes ($341k). During the last 5 years the exports of Paraguay to Indonesia have decreased at an annualized rate of 37.1%, from $85.6M in 2023 to $8.45M in 2018.

Exports from Indonesia () to Paraguay () (2023)

Exports from Paraguay () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Paraguay ()

Indonesia Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Indonesia than Paraguay included China ($70.7B), United States ($27.9B), and India ($24B).

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

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

Comparative Advantage Indonesia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with Paraguay in the exports of Machines ($16.7M), Transportation ($8.94M), and Chemical Products ($8.41M).

During 2018, Paraguay had a large net trade with Indonesia in the exports of Textiles ($7.08M), Vegetable Products ($1.02M), and Machines ($192k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Paraguay+$7.02MCars

Top Product Potential Paraguay Indonesia+$7.28MSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Indonesia () to Paraguay () (2023)

Exports from Paraguay () to Indonesia () (2023)

Latest Data

Trade between Indonesia () and Paraguay ()

Indonesia Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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