Paraguay (PRY) and Canada (CAN) Trade | The Observatory of Economic Complexity

About

Paraguay-Canada Trade: In 2023, Paraguay exported $10.2M to Canada. The main products that Paraguay exported to Canada were Other Oily Seeds ($2.25M), Ferroalloys ($1.05M), and Raw Sugar ($949k). Over the past 5 years the exports of Paraguay to Canada have decreased at an annualized rate of 2.93%, from $11.8M in 2018 to $10.2M in 2023.

In 2023, Paraguay did not export any services to Canada.

Canada-Paraguay Trade: In 2023, Canada exported $103M to Paraguay. The main products that Canada exported to Paraguay were Potassic Fertilizers ($71M), Harvesting Machinery ($7.67M), and Planes, Helicopters, and/or Spacecraft ($3.05M). Over the past 5 years the exports of Canada to Paraguay have increased at an annualized rate of 9.12%, from $66.5M in 2018 to $103M in 2023.

In 2023, Canada did not export any services to Paraguay.

Comparison: In 2023, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $10.2M to Canada. The main products exported from Paraguay to Canada were Other Oily Seeds ($2.25M), Ferroalloys ($1.05M), and Raw Sugar ($949k). During the last 5 years the exports of Paraguay to Canada have decreased at an annualized rate of 2.93%, from $11.8M in 2018 to $10.2M in 2023.

In 2018, Canada exported $103M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($71M), Harvesting Machinery ($7.67M), and Planes, Helicopters, and/or Spacecraft ($3.05M). During the last 5 years the exports of Canada to Paraguay have increased at an annualized rate of 9.12%, from $66.5M in 2023 to $103M in 2018.

Exports from Paraguay () to Canada () (2023)

Exports from Canada () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Canada ()

Paraguay Exports

Date

Canada Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Paraguay than Canada included Argentina ($4B), Chile ($1.26B), and Russia ($267M).

In 2023, countries that imported more from Canada than Paraguay included United States ($410B), China ($31.1B), and United Kingdom ($18B).

Difference in imports from Canada () and Paraguay () (2023)

Comparative Advantage Paraguay - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Canada in the exports of Vegetable Products ($3.96M), Metals ($1.67M), and Foodstuffs ($1.6M).

During 2018, Canada had a large net trade with Paraguay in the exports of Chemical Products ($77.1M), Machines ($14.6M), and Transportation ($3.75M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Canada+$1.13MRice

Top Product Potential Canada Paraguay+$1.38MPackaged 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Canada () (2023)

Exports from Canada () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Canada ()

Paraguay Exports

Canada Exports

Market Competitiveness

Difference in imports from Canada () and Paraguay () (2023)

Comparative Advantage Paraguay - Canada

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Canada () (2023)

Keep Exploring