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2023
Flag → Flag
Exports $15.2MRnk 106 / 205
2023
Flag → Flag
Top Product $3.13MLight Pure Woven Cotton
2023
Flag → Flag
Exports $43.8MRnk 24 / 153
2023
Flag → Flag
Top Product $39.4MSoybean Oil
2023
Flag
Economic Complexity (ECI) ECI -0.55Rnk 89 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$338BCURRENT US$
Rnk 45 / 195
2013-2023
Flag
GDP GROWTH30.6%CURRENT US$
Rnk 113 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $1,365CURRENT US$
Rnk 170 / 195
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 130 / 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

Pakistan-Paraguay Trade: In 2023, Pakistan exported $15.2M to Paraguay. The main products that Pakistan exported to Paraguay were Light Pure Woven Cotton ($3.13M), Light Synthetic Cotton Fabrics ($1.95M), and Terry Fabric ($1.77M). Over the past 5 years the exports of Pakistan to Paraguay have increased at an annualized rate of 1.32%, from $14.2M in 2018 to $15.2M in 2023.

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

Paraguay-Pakistan Trade: In 2023, Paraguay exported $43.8M to Pakistan. The main products that Paraguay exported to Pakistan were Soybean Oil ($39.4M), Animal Food ($2.76M), and Animal Meal and Pellets ($1.32M). Over the past 5 years the exports of Paraguay to Pakistan have increased at an annualized rate of 41.5%,  from $7.74M in 2018 to $43.8M in 2023.

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

Comparison: In 2023,  Pakistan ranked 89 in the Economic Complexity Index (ECI -0.55), and 66 in total exports ($35.8B). 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, Pakistan exported $15.2M to Paraguay. The main products exported from Pakistan to Paraguay were Light Pure Woven Cotton ($3.13M), Light Synthetic Cotton Fabrics ($1.95M), and Terry Fabric ($1.77M). During the last 5 years the exports of Pakistan to Paraguay have increased at an annualized rate of 1.32%, from $14.2M in 2018 to $15.2M in 2023.

In 2018, Paraguay exported $43.8M to Pakistan. The main products exported from Paraguay to Pakistan were Soybean Oil ($39.4M), Animal Food ($2.76M), and Animal Meal and Pellets ($1.32M). During the last 5 years the exports of Paraguay to Pakistan have increased at an annualized rate of 41.5%, from $7.74M in 2023 to $43.8M in 2018.

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

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

Latest Data

Trade between Pakistan (Flag) and Paraguay (Flag)

Pakistan Exports

Paraguay Exports

Market Competitiveness

Color
Pakistan
Top DestinationUnited States$5.18B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Pakistan than Paraguay included United States ($5.18B), United Arab Emirates ($3.7B), and China ($3.4B).

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

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

Comparative Advantage Pakistan - Paraguay

Flow
Scale

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

During 2023, Pakistan had a large net trade with Paraguay in the exports of Textiles ($12.7M), Mineral Products ($1.23M), and Miscellaneous ($641k).

During 2018, Paraguay had a large net trade with Pakistan in the exports of Animal and Vegetable Bi-Products ($39.4M), Foodstuffs ($4.08M), and Vegetable Products ($190k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Pakistan Paraguay+$643kHeavy Pure Woven Cotton
Top Product Potential Paraguay Pakistan+$307kAnimal Food

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

Product Space of Pakistan (Flag) and Paraguay (Flag) (2023)

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