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2023
Flag → Flag
Exports $1.06MRnk 165 / 206
2023
Flag → Flag
Top Product $184kTherapeutic Appliances
2023
Flag → Flag
Exports $1.38MRnk 85 / 153
2023
Flag → Flag
Top Product $516kOther Oily Seeds
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $48,281CURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 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

New Zealand-Paraguay Trade: In 2023, New Zealand exported $1.06M to Paraguay. The main products that New Zealand exported to Paraguay were Therapeutic Appliances ($184k), Leather Footwear ($165k), and Non-Knit Men's Suits ($97.3k). Over the past 5 years the exports of New Zealand to Paraguay have decreased at an annualized rate of 20.5%, from $3.35M in 2018 to $1.06M in 2023.

In 2023, New Zealand did not export any services to Paraguay.

Paraguay-New Zealand Trade: In 2023, Paraguay exported $1.38M to New Zealand. The main products that Paraguay exported to New Zealand were Other Oily Seeds ($516k), Fruit Juice ($306k), and Sowing Seeds ($164k). Over the past 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 17.1%,  from $625k in 2018 to $1.38M in 2023.

In 2023, Paraguay did not export any services to New Zealand.

Comparison: In 2023,  New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B). 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, New Zealand exported $1.06M to Paraguay. The main products exported from New Zealand to Paraguay were Therapeutic Appliances ($184k), Leather Footwear ($165k), and Non-Knit Men's Suits ($97.3k). During the last 5 years the exports of New Zealand to Paraguay have decreased at an annualized rate of 20.5%, from $3.35M in 2018 to $1.06M in 2023.

In 2018, Paraguay exported $1.38M to New Zealand. The main products exported from Paraguay to New Zealand were Other Oily Seeds ($516k), Fruit Juice ($306k), and Sowing Seeds ($164k). During the last 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 17.1%, from $625k in 2023 to $1.38M in 2018.

Exports from New Zealand (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to New Zealand (Flag) (2023)

Latest Data

Trade between New Zealand (Flag) and Paraguay (Flag)

New Zealand Exports

Paraguay Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$12.3B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from New Zealand than Paraguay included China ($12.3B), Australia ($5.2B), and United States ($5.42B).

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

Difference in imports from Paraguay (Flag) and New Zealand (Flag) (2023)

Comparative Advantage New Zealand - Paraguay

Flow
Scale

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

During 2023, New Zealand had a large net trade with Paraguay in the exports of Machines ($241k), Instruments ($208k), and Footwear and Headwear ($165k).

During 2018, Paraguay had a large net trade with New Zealand in the exports of Vegetable Products ($737k), Foodstuffs ($464k), and Wood Products ($106k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Paraguay+$163kVaccines, blood, antisera, toxins and cultures
Top Product Potential Paraguay New Zealand+$220kRaw Sugar

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

Product Space of New Zealand (Flag) and Paraguay (Flag) (2023)

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