2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Paraguay-Belarus Trade: In 2022, Paraguay exported $386k to Belarus. The main products that Paraguay exported to Belarus were Frozen Bovine Meat ($386k). Over the past 5 years the exports of Paraguay to Belarus have increased at an annualized rate of 11.5%, from $224k in 2017 to $386k in 2022.

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

Belarus-Paraguay Trade: In 2022, Belarus exported $3.66M to Paraguay. The main products that Belarus exported to Paraguay were Potassic Fertilizers ($2.93M), Refined Petroleum ($509k), and Gas and Liquid Flow Measuring Instruments ($78.3k). Over the past 5 years the exports of Belarus to Paraguay have decreased at an annualized rate of 9.31%,  from $5.97M in 2017 to $3.66M in 2022.

In 2014, Belarus exported services to Paraguay worth $2.02M, with Computer and information services ($2.01M) and Government services, n.i.e. ($400) being the largest in terms of value.

Comparison: In 2022,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $386k to Belarus. The main products exported from Paraguay to Belarus were Frozen Bovine Meat ($386k). During the last 5 years the exports of Paraguay to Belarus have increased at an annualized rate of 11.5%, from $224k in 2017 to $386k in 2022.

In 2017, Belarus exported $3.66M to Paraguay. The main products exported from Belarus to Paraguay were Potassic Fertilizers ($2.93M), Refined Petroleum ($509k), and Gas and Liquid Flow Measuring Instruments ($78.3k). During the last 5 years the exports of Belarus to Paraguay have decreased at an annualized rate of 9.31%, from $5.97M in 2022 to $3.66M in 2017.

Exports from Paraguay (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and Belarus (Flag)

Paraguay Exports

Belarus Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Belarus
Top Destination
China$1.6B

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

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

In 2022, countries that imported more from Belarus than Paraguay included China ($1.6B), Ukraine ($1.29B), and Kazakhstan ($827M).

Difference in imports from Belarus (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - Belarus

Flow
Scale

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

During 2022, Paraguay had a large net trade with Belarus in the exports of Animal Products ($386k).

During 2017, Belarus had a large net trade with Paraguay in the exports of Chemical Products ($3M), Mineral Products ($509k), and Instruments ($78.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Belarus+$76.3kFrozen Bovine Meat
Top Product Potential Belarus Paraguay+$1.15MPotassic Fertilizers

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

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

Product Space of Paraguay (Flag) and Belarus (Flag) (2022)

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