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Pricing

2022
Flag → Flag
Exports $3.62MRnk 88 / 166
2022
Flag → Flag
Top Product $2.77MRefined Petroleum
2022
Flag → Flag
Exports $410kRnk 115 / 158
2022
Flag → Flag
Top Product $258kConcentrated Milk
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Nigeria-Paraguay Trade: In 2022, Nigeria exported $3.62M to Paraguay. The main products that Nigeria exported to Paraguay were Refined Petroleum ($2.77M), Nitrogenous Fertilizers ($699k), and Float Glass ($96k). Over the past 11 years the exports of Nigeria to Paraguay have increased at an annualized rate of 43.8%, from $66.5k in 2011 to $3.62M in 2022.

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

Paraguay-Nigeria Trade: In 2022, Paraguay exported $410k to Nigeria. The main products that Paraguay exported to Nigeria were Concentrated Milk ($258k), Animal Food ($100k), and Animal Meal and Pellets ($38k). Over the past 11 years the exports of Paraguay to Nigeria have increased at an annualized rate of 204%,  from $1.57k in 2011 to $410k in 2022.

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

Comparison: In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B). 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
Value

In 2022, Nigeria exported $3.62M to Paraguay. The main products exported from Nigeria to Paraguay were Refined Petroleum ($2.77M), Nitrogenous Fertilizers ($699k), and Float Glass ($96k). During the last 11 years the exports of Nigeria to Paraguay have increased at an annualized rate of 43.8%, from $66.5k in 2011 to $3.62M in 2022.

In 2017, Paraguay exported $410k to Nigeria. The main products exported from Paraguay to Nigeria were Concentrated Milk ($258k), Animal Food ($100k), and Animal Meal and Pellets ($38k). During the last 5 years the exports of Paraguay to Nigeria have increased at an annualized rate of 204%, from $1.57k in 2022 to $410k in 2017.

Exports from Nigeria (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Nigeria (Flag) (2022)

Latest Data

Trade between Nigeria (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Nigeria than Paraguay included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Difference in imports from Paraguay (Flag) and Nigeria (Flag) (2022)

Comparative Advantage Nigeria - Paraguay

Flow
Scale

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

During 2022, Nigeria had a large net trade with Paraguay in the exports of Mineral Products ($2.77M), Chemical Products ($699k), and Stone And Glass ($96k).

During 2017, Paraguay had a large net trade with Nigeria in the exports of Animal Products ($258k), Foodstuffs ($138k), and Machines ($10.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria Paraguay+$4.11MRefined Petroleum
Top Product Potential Paraguay Nigeria+$366kConcentrated Milk

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

This visualization shows the product space at the HS4 level with the flags of Nigeria and Paraguay. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Nigeria.

Product Space of Nigeria (Flag) and Paraguay (Flag) (2022)

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