Paraguay (PRY) and Australia (AUS) Trade | The Observatory of Economic Complexity

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Paraguay-Australia Trade: In 2022, Paraguay exported $9.12M to Australia. The main products that Paraguay exported to Australia were Other Oily Seeds ($6M), Buckwheat ($1.93M), and Wood Charcoal ($379k). Over the past 5 years the exports of Paraguay to Australia have increased at an annualized rate of 27.2%, from $2.74M in 2017 to $9.12M in 2022.

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

Australia-Paraguay Trade: In 2022, Australia exported $2.1M to Paraguay. The main products that Australia exported to Paraguay were Used Rubber Tires ($498k), Motor vehicles; parts and accessories (8701 to 8705) ($311k), and Wine ($208k). Over the past 5 years the exports of Australia to Paraguay have decreased at an annualized rate of 5.14%, from $2.74M in 2017 to $2.1M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $9.12M to Australia. The main products exported from Paraguay to Australia were Other Oily Seeds ($6M), Buckwheat ($1.93M), and Wood Charcoal ($379k). During the last 5 years the exports of Paraguay to Australia have increased at an annualized rate of 27.2%, from $2.74M in 2017 to $9.12M in 2022.

In 2017, Australia exported $2.1M to Paraguay. The main products exported from Australia to Paraguay were Used Rubber Tires ($498k), Motor vehicles; parts and accessories (8701 to 8705) ($311k), and Wine ($208k). During the last 5 years the exports of Australia to Paraguay have decreased at an annualized rate of 5.14%, from $2.74M in 2022 to $2.1M in 2017.

Exports from Paraguay () to Australia () (2022)

Exports from Australia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Australia ()

Paraguay Exports

Date

Australia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Australia
Top DestinationChina$123B

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

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

In 2022, countries that imported more from Australia than Paraguay included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Paraguay - Australia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Australia in the exports of Vegetable Products ($8.16M), Wood Products ($458k), and Animal Hides ($166k).

During 2017, Australia had a large net trade with Paraguay in the exports of Plastics and Rubbers ($564k), Machines ($404k), and Transportation ($367k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Australia+$229kWood Charcoal

Top Product Potential Australia Paraguay+$411kMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Australia () (2022)

Exports from Australia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Australia ()

Paraguay Exports

Australia Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Australia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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