Paraguay (PRY) and Albania (ALB) Trade | The Observatory of Economic Complexity

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Paraguay-Albania Trade: In 2022, Paraguay exported $3.21M to Albania. The main products that Paraguay exported to Albania were Poultry Meat ($1.21M), Frozen Bovine Meat ($1.16M), and Edible Offal ($838k). Over the past 5 years the exports of Paraguay to Albania have increased at an annualized rate of 36.4%, from $682k in 2017 to $3.21M in 2022.

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

Albania-Paraguay Trade: In 2022, Albania exported $54.4k to Paraguay. The main products that Albania exported to Paraguay were Spice Seeds ($23.9k), Rubber Footwear ($16.9k), and Leather Footwear ($5.37k). Over the past 5 years the exports of Albania to Paraguay have decreased at an annualized rate of 41.2%, from $774k in 2017 to $54.4k in 2022.

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

Comparison: In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $3.21M to Albania. The main products exported from Paraguay to Albania were Poultry Meat ($1.21M), Frozen Bovine Meat ($1.16M), and Edible Offal ($838k). During the last 5 years the exports of Paraguay to Albania have increased at an annualized rate of 36.4%, from $682k in 2017 to $3.21M in 2022.

In 2017, Albania exported $54.4k to Paraguay. The main products exported from Albania to Paraguay were Spice Seeds ($23.9k), Rubber Footwear ($16.9k), and Leather Footwear ($5.37k). During the last 5 years the exports of Albania to Paraguay have decreased at an annualized rate of 41.2%, from $774k in 2022 to $54.4k in 2017.

Exports from Paraguay () to Albania () (2022)

Exports from Albania () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Albania ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Albania
Top DestinationItaly$1.75B

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

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

In 2022, countries that imported more from Albania than Paraguay included Italy ($1.75B), Greece ($421M), and Spain ($309M).

Difference in imports from Albania () and Paraguay () (2022)

Comparative Advantage Paraguay - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Albania in the exports of Animal Products ($3.21M).

During 2017, Albania had a large net trade with Paraguay in the exports of Footwear and Headwear ($26.3k), Vegetable Products ($23.9k), and Textiles ($3.89k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Albania+$292kFrozen Bovine Meat

Top Product Potential Albania Paraguay+$31.1kRubber Footwear

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Albania () (2022)

Exports from Albania () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Albania ()

Paraguay Exports

Market Competitiveness

Difference in imports from Albania () and Paraguay () (2022)

Comparative Advantage Paraguay - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Albania () (2022)

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