Paraguay (PRY) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Paraguay-Austria Trade: In 2022, Paraguay exported $744k to Austria. The main products that Paraguay exported to Austria were Animal Organs ($560k), Mate ($57.7k), and Non-Knit Women's Suits ($43.7k). Over the past 5 years the exports of Paraguay to Austria have decreased at an annualized rate of 37.8%, from $8.01M in 2017 to $744k in 2022.

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

Austria-Paraguay Trade: In 2022, Austria exported $20.8M to Paraguay. The main products that Austria exported to Paraguay were Cigarette Paper ($1.8M), Dyeing Finishing Agents ($1.6M), and Sauces and Seasonings ($1.23M). Over the past 5 years the exports of Austria to Paraguay have increased at an annualized rate of 1.51%, from $18.7M in 2017 to $20.8M in 2022.

In 2022, Austria 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, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $744k to Austria. The main products exported from Paraguay to Austria were Animal Organs ($560k), Mate ($57.7k), and Non-Knit Women's Suits ($43.7k). During the last 5 years the exports of Paraguay to Austria have decreased at an annualized rate of 37.8%, from $8.01M in 2017 to $744k in 2022.

In 2017, Austria exported $20.8M to Paraguay. The main products exported from Austria to Paraguay were Cigarette Paper ($1.8M), Dyeing Finishing Agents ($1.6M), and Sauces and Seasonings ($1.23M). During the last 5 years the exports of Austria to Paraguay have increased at an annualized rate of 1.51%, from $18.7M in 2022 to $20.8M in 2017.

Exports from Paraguay () to Austria () (2022)

Exports from Austria () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Austria ()

Paraguay Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Austria
Top DestinationGermany$57.7B

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

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

In 2022, countries that imported more from Austria than Paraguay included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Paraguay - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Austria in the exports of Animal Products ($560k), Vegetable Products ($57.8k), and Textiles ($50.8k).

During 2017, Austria had a large net trade with Paraguay in the exports of Machines ($4.24M), Chemical Products ($3.65M), and Paper Goods ($2.84M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Austria+$148kAnimal Organs

Top Product Potential Austria Paraguay+$1.75MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Austria () (2022)

Exports from Austria () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Austria ()

Paraguay Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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