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

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Israel-Paraguay Trade: In 2023, Israel exported $49M to Paraguay. The main products that Israel exported to Paraguay were Potassic Fertilizers ($39.9M), Phosphatic Fertilizers ($2.05M), and Pesticides ($1.45M). Over the past 5 years the exports of Israel to Paraguay have increased at an annualized rate of 21.1%, from $18.8M in 2018 to $49M in 2023.

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

Paraguay-Israel Trade: In 2023, Paraguay exported $85.8M to Israel. The main products that Paraguay exported to Israel were Frozen Bovine Meat ($58.5M), Soybean Meal ($14.4M), and Wood Charcoal ($4M). Over the past 5 years the exports of Paraguay to Israel have decreased at an annualized rate of 3.23%, from $101M in 2018 to $85.8M in 2023.

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

Comparison: In 2023, Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $49M to Paraguay. The main products exported from Israel to Paraguay were Potassic Fertilizers ($39.9M), Phosphatic Fertilizers ($2.05M), and Pesticides ($1.45M). During the last 5 years the exports of Israel to Paraguay have increased at an annualized rate of 21.1%, from $18.8M in 2018 to $49M in 2023.

In 2018, Paraguay exported $85.8M to Israel. The main products exported from Paraguay to Israel were Frozen Bovine Meat ($58.5M), Soybean Meal ($14.4M), and Wood Charcoal ($4M). During the last 5 years the exports of Paraguay to Israel have decreased at an annualized rate of 3.23%, from $101M in 2023 to $85.8M in 2018.

Exports from Israel () to Paraguay () (2023)

Exports from Paraguay () to Israel () (2023)

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 DestinationArgentina$4B

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 2023, countries that imported more from Israel than Paraguay included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

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

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

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 2023, Israel had a large net trade with Paraguay in the exports of Chemical Products ($44.5M), Machines ($2.25M), and Plastics and Rubbers ($605k).

During 2018, Paraguay had a large net trade with Israel in the exports of Animal Products ($59.8M), Foodstuffs ($14.4M), and Vegetable Products ($5.4M).

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 () (2023)

Exports from Paraguay () to Israel () (2023)

Latest Data

Trade between Israel () and Paraguay ()

Israel Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Israel - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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