Israel (ISR) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Israel-Paraguay Trade: In 2022, Israel exported $25M to Paraguay. The main products that Israel exported to Paraguay were Pesticides ($8.81M), Potassic Fertilizers ($7.26M), and Handguns ($1.31M). Over the past 5 years the exports of Israel to Paraguay have increased at an annualized rate of 19.9%, from $10.1M in 2017 to $25M in 2022.

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

Paraguay-Israel Trade: In 2022, Paraguay exported $144M to Israel. The main products that Paraguay exported to Israel were Frozen Bovine Meat ($101M), Corn ($21M), and Soybean Meal ($10.9M). Over the past 5 years the exports of Paraguay to Israel have increased at an annualized rate of 2.3%, from $129M in 2017 to $144M in 2022.

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

Comparison: In 2022, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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, Israel exported $25M to Paraguay. The main products exported from Israel to Paraguay were Pesticides ($8.81M), Potassic Fertilizers ($7.26M), and Handguns ($1.31M). During the last 5 years the exports of Israel to Paraguay have increased at an annualized rate of 19.9%, from $10.1M in 2017 to $25M in 2022.

In 2017, Paraguay exported $144M to Israel. The main products exported from Paraguay to Israel were Frozen Bovine Meat ($101M), Corn ($21M), and Soybean Meal ($10.9M). During the last 5 years the exports of Paraguay to Israel have increased at an annualized rate of 2.3%, from $129M in 2022 to $144M in 2017.

Exports from Israel () to Paraguay () (2022)

Exports from Paraguay () to Israel () (2022)

Latest Data

Trade between Israel () and Paraguay ()

Israel Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Israel
Top DestinationUnited States$20.3B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Israel than Paraguay included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

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

Comparative Advantage Israel - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Israel had a large net trade with Paraguay in the exports of Chemical Products ($17M), Machines ($2.15M), and Weapons ($2.05M).

During 2017, Paraguay had a large net trade with Israel in the exports of Animal Products ($102M), Vegetable Products ($23.9M), and Foodstuffs ($11M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Israel Paraguay+$1.2MTelephones

Top Product Potential Paraguay Israel+$2.68MCorn

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

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Historical Data

Bilateral Trade by Products

Exports from Israel () to Paraguay () (2022)

Exports from Paraguay () to Israel () (2022)

Latest Data

Trade between Israel () and Paraguay ()

Israel Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Israel - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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