Paraguay (PRY) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Paraguay-Armenia Trade: In 2022, Paraguay exported $755k to Armenia. The main products that Paraguay exported to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). Over the past 5 years the exports of Paraguay to Armenia have increased at an annualized rate of 23.7%, from $260k in 2017 to $755k in 2022.

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

Armenia-Paraguay Trade: In 2022, Armenia exported $5.46k to Paraguay. The main products that Armenia exported to Paraguay were Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). Over the past 5 years the exports of Armenia to Paraguay have increased at an annualized rate of 12.7%, from $3k in 2017 to $5.46k in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $755k to Armenia. The main products exported from Paraguay to Armenia were Pig Meat ($512k), Poultry Meat ($90.7k), and Edible Offal ($86.6k). During the last 5 years the exports of Paraguay to Armenia have increased at an annualized rate of 23.7%, from $260k in 2017 to $755k in 2022.

In 2017, Armenia exported $5.46k to Paraguay. The main products exported from Armenia to Paraguay were Ornamental Ceramics ($1.24k), Other Edible Preparations ($1.19k), and Sculptures ($1.14k). During the last 5 years the exports of Armenia to Paraguay have increased at an annualized rate of 12.7%, from $3k in 2022 to $5.46k in 2017.

Exports from Paraguay () to Armenia () (2022)

Exports from Armenia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Armenia ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Armenia
Top DestinationRussia$2.36B

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

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

In 2022, countries that imported more from Armenia than Paraguay included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage Paraguay - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Armenia in the exports of Animal Products ($736k), Vegetable Products ($14.1k), and Machines ($4.4k).

During 2017, Armenia had a large net trade with Paraguay in the exports of Stone And Glass ($2.26k), Foodstuffs ($1.19k), and Arts and Antiques ($1.14k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Armenia+$121kFrozen Bovine Meat

Top Product Potential Armenia Paraguay+$5.46kOther Edible Preparations

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Armenia () (2022)

Exports from Armenia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Armenia ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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