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2023
Flag → Flag
Exports $3.62MRnk 88 / 159
2023
Flag → Flag
Top Product $3.62MRefined Petroleum
2023
Flag → Flag
Exports $180kRnk 137 / 153
2023
Flag → Flag
Top Product $35.7kHigh-voltage Protection Equipment
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Nigeria-Paraguay Trade: In 2023, Nigeria exported $3.62M to Paraguay. The main products that Nigeria exported to Paraguay were Refined Petroleum ($3.62M), Brochures ($57), and Knit T-shirts ($57). Over the past 11 years the exports of Nigeria to Paraguay have increased at an annualized rate of 109%, from $1.08k in 2012 to $3.62M in 2023.

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

Paraguay-Nigeria In N/A, Paraguay did not export any products to Nigeria.

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

Comparison: In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). 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
Value

In 2023, Nigeria exported $3.62M to Paraguay. The main products exported from Nigeria to Paraguay were Refined Petroleum ($3.62M), Brochures ($57), and Knit T-shirts ($57). During the last 11 years the exports of Nigeria to Paraguay have increased at an annualized rate of 109%, from $1.08k in 2012 to $3.62M in 2023.

Paraguay does not register exports to Nigeria. The main products exported from Paraguay to Nigeria were High-voltage Protection Equipment ($35.7k), Hydrometers ($14.6k), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.16k).

Exports from Nigeria (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Nigeria (Flag) (2023)

Latest Data

Trade between Nigeria (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Nigeria than Paraguay included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

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

Difference in imports from Paraguay (Flag) and Nigeria (Flag) (2023)

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 2023, Nigeria had a large net trade with Paraguay in the exports of Mineral Products ($3.62M), Textiles ($114), and Paper Goods ($57).

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) (2023)

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