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Pricing

2022
Flag → Flag
Exports $1.29MRnk 152 / 209
2022
Flag → Flag
Top Product $382kIntegrated Circuits
2022
Flag → Flag
Exports $1.17MRnk 89 / 158
2022
Flag → Flag
Top Product $621kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Norway-Paraguay Trade: In 2022, Norway exported $1.29M to Paraguay. The main products that Norway exported to Paraguay were Integrated Circuits ($382k), Packaged Medicaments ($170k), and Medical Instruments ($136k). Over the past 5 years the exports of Norway to Paraguay have decreased at an annualized rate of 21.4%, from $4.32M in 2017 to $1.29M in 2022.

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

Paraguay-Norway Trade: In 2022, Paraguay exported $1.17M to Norway. The main products that Paraguay exported to Norway were Other Oily Seeds ($621k), Wood Charcoal ($212k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($124k). Over the past 5 years the exports of Paraguay to Norway have increased at an annualized rate of 11.8%,  from $275k in 2017 to $1.17M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK311k and imported NOK2.67M from Paraguay, resulting in a negative trade balance of NOK2.36M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-399k (-56.2%) from NOK710k to NOK311k, while imports increased by NOK1.93M (261%) from NOK739k to NOK2.67M.

Trade In October 2024, the top exports of Norway to Paraguay were Chemical materials and products, n.e.s. (NOK1.88M), Articles of apparel and clothing accessories (NOK25k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), and Dairy products and birds' eggs (NOK0). In October 2024 the top imports of Norway from Paraguay were Oil-seeds and oleaginous fruits (NOK1.37M), Cork and wood (NOK260k), Vegetables and fruit (NOK135k), Articles of apparel and clothing accessories (NOK60k), and Sugars, sugar preparations and honey (NOK19k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Crude fertilizers, other than those of... (NOK-495k or -100%), Professional, scientific and controlling instruments and... (NOK-185k or -100%), and Office machines and automatic data-processing machines (NOK-166k or -100%). In October 2024, the increase in Norway's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Oil-seeds and oleaginous fruits (NOK1.32M or 2.75k%), Articles of apparel and clothing accessories (NOK16k or 36.4%), and Sugars, sugar preparations and honey (NOK14k or 280%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-399k(-56.2%)
IMPORT GROWTH (October 2023 - October 2024)NOK1.93M(261%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check Paraguay and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $1.29M to Paraguay. The main products exported from Norway to Paraguay were Integrated Circuits ($382k), Packaged Medicaments ($170k), and Medical Instruments ($136k). During the last 5 years the exports of Norway to Paraguay have decreased at an annualized rate of 21.4%, from $4.32M in 2017 to $1.29M in 2022.

In 2017, Paraguay exported $1.17M to Norway. The main products exported from Paraguay to Norway were Other Oily Seeds ($621k), Wood Charcoal ($212k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($124k). During the last 5 years the exports of Paraguay to Norway have increased at an annualized rate of 11.8%, from $275k in 2022 to $1.17M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Norway than Paraguay included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Paraguay

Flow
Scale

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

During 2022, Norway had a large net trade with Paraguay in the exports of Machines ($504k), Chemical Products ($457k), and Instruments ($157k).

During 2017, Paraguay had a large net trade with Norway in the exports of Vegetable Products ($622k), Wood Products ($218k), and Textiles ($178k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway Paraguay+$287kPackaged Medicaments
Top Product Potential Paraguay Norway+$152kWood Charcoal

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

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

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