Paraguay (PRY) and Colombia (COL) Trade | The Observatory of Economic Complexity

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Paraguay-Colombia Trade: In 2023, Paraguay exported $46M to Colombia. The main products that Paraguay exported to Colombia were Soybean Meal ($15.3M), Corn ($6M), and Other Uncoated Paper ($4.75M). Over the past 5 years the exports of Paraguay to Colombia have increased at an annualized rate of 25.7%, from $14.6M in 2018 to $46M in 2023.

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

Colombia-Paraguay Trade: In 2023, Colombia exported $47.3M to Paraguay. The main products that Colombia exported to Paraguay were Petroleum Coke ($12.8M), Pesticides ($5.68M), and Packaged Medicaments ($2.87M). Over the past 5 years the exports of Colombia to Paraguay have increased at an annualized rate of 10.1%, from $29.2M in 2018 to $47.3M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $46M to Colombia. The main products exported from Paraguay to Colombia were Soybean Meal ($15.3M), Corn ($6M), and Other Uncoated Paper ($4.75M). During the last 5 years the exports of Paraguay to Colombia have increased at an annualized rate of 25.7%, from $14.6M in 2018 to $46M in 2023.

In 2018, Colombia exported $47.3M to Paraguay. The main products exported from Colombia to Paraguay were Petroleum Coke ($12.8M), Pesticides ($5.68M), and Packaged Medicaments ($2.87M). During the last 5 years the exports of Colombia to Paraguay have increased at an annualized rate of 10.1%, from $29.2M in 2023 to $47.3M in 2018.

Exports from Paraguay () to Colombia () (2023)

Exports from Colombia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Colombia ()

Paraguay Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Paraguay than Colombia included Argentina ($4B), Brazil ($3B), and Uruguay ($274M).

In 2023, countries that imported more from Colombia than Paraguay included United States ($14.8B), Panama ($4.66B), and China ($2.5B).

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

Comparative Advantage Paraguay - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Colombia in the exports of Foodstuffs ($19.7M), Vegetable Products ($10.9M), and Chemical Products ($7.85M).

During 2018, Colombia had a large net trade with Paraguay in the exports of Chemical Products ($14.8M), Mineral Products ($13.5M), and Metals ($4.44M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Colombia+$8.82MCorn

Top Product Potential Colombia Paraguay+$6.41MRefined 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 Colombia. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Colombia. Similarly, a dot/product with the flag of Colombia indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Colombia () (2023)

Exports from Colombia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Colombia ()

Paraguay Exports

Colombia Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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