Libya (LBY) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Libya-Paraguay Trade: In 2015, Libya exported $2.18k to Paraguay. The main products that Libya exported to Paraguay were N/A. Over the past 9 years the exports of Libya to Paraguay have increased at an annualized rate of 32.2%, from $177 in 2006 to $2.18k in 2015.

In 2015, Libya did not export any services to Paraguay.

Paraguay-Libya Trade: In 2015, Paraguay exported $1.72M to Libya. The main products that Paraguay exported to Libya were Frozen Bovine Meat ($1.71M) and Packaged Medicaments ($9.45k). Over the past 9 years the exports of Paraguay to Libya have decreased at an annualized rate of 18.9%, from $4.91M in 2006 to $1.72M in 2015.

In 2015, Paraguay did not export any services to Libya.

Comparison: In 2022, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B). 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 2015, Libya exported $2.18k to Paraguay. There were not main exports from Libya to Paraguay in 2015. During the last 9 years the exports of Libya to Paraguay have increased at an annualized rate of 32.2%, from $177 in 2006 to $2.18k in 2015.

In 2017, Paraguay exported $1.72M to Libya. The main products exported from Paraguay to Libya were Frozen Bovine Meat ($1.71M) and Packaged Medicaments ($9.45k). During the last 5 years the exports of Paraguay to Libya have decreased at an annualized rate of 18.9%, from $4.91M in 2022 to $1.72M in 2017.

Exports from Libya () to Paraguay () (2022)

Exports from Paraguay () to Libya () (2022)

Latest Data

Trade between Libya () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Libya
Top DestinationItaly$9.26B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Libya than Paraguay included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

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

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

Comparative Advantage Libya - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2015, Libya had a large net trade with Paraguay in the exports of .

During 2017, Paraguay had a large net trade with Libya in the exports of Animal Products ($1.71M) and Chemical Products ($9.45k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Libya Paraguay+$3.47kRefined Petroleum

Top Product Potential Paraguay Libya+$387kFrozen Bovine Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Libya () to Paraguay () (2022)

Exports from Paraguay () to Libya () (2022)

Latest Data

Trade between Libya () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Libya - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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