Paraguay (PRY) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Paraguay-Azerbaijan Trade: In 2022, Paraguay exported $568k to Azerbaijan. The main products that Paraguay exported to Azerbaijan were Frozen Bovine Meat ($295k), Packaged Medicaments ($132k), and Edible Offal ($94.2k). Over the past 5 years the exports of Paraguay to Azerbaijan have increased at an annualized rate of 3.58%, from $476k in 2017 to $568k in 2022.

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

Azerbaijan-Paraguay In N/A, Azerbaijan did not export any products to Paraguay.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $568k to Azerbaijan. The main products exported from Paraguay to Azerbaijan were Frozen Bovine Meat ($295k), Packaged Medicaments ($132k), and Edible Offal ($94.2k). During the last 5 years the exports of Paraguay to Azerbaijan have increased at an annualized rate of 3.58%, from $476k in 2017 to $568k in 2022.

Azerbaijan does not register exports to Paraguay. The main products exported from Azerbaijan to Paraguay were Edible Offal ($43.1k).

Exports from Paraguay () to Azerbaijan () (2022)

Exports from Azerbaijan () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Azerbaijan ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Azerbaijan
Top DestinationItaly$18.3B

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

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

In 2022, countries that imported more from Azerbaijan than Paraguay included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Paraguay - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Azerbaijan in the exports of Animal Products ($411k), Chemical Products ($132k), and Vegetable Products ($24k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Azerbaijan+$229kFrozen Bovine Meat

Top Product Potential Azerbaijan Paraguay+$3.66kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Azerbaijan () (2022)

Exports from Azerbaijan () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Azerbaijan ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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