Paraguay (PRY) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Paraguay-Denmark Trade: In 2022, Paraguay exported $6.32M to Denmark. The main products that Paraguay exported to Denmark were Soybean Meal ($5.35M), Wood Carpentry ($722k), and Hard Liquor ($188k). Over the past 5 years the exports of Paraguay to Denmark have decreased at an annualized rate of 29.2%, from $35.6M in 2017 to $6.32M in 2022.

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

Denmark-Paraguay Trade: In 2022, Denmark exported $17.6M to Paraguay. The main products that Denmark exported to Paraguay were Packaged Medicaments ($7.59M), Machinery Having Individual Functions ($1.06M), and Vaccines, blood, antisera, toxins and cultures ($1.01M). Over the past 5 years the exports of Denmark to Paraguay have increased at an annualized rate of 17.9%, from $7.71M in 2017 to $17.6M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $6.32M to Denmark. The main products exported from Paraguay to Denmark were Soybean Meal ($5.35M), Wood Carpentry ($722k), and Hard Liquor ($188k). During the last 5 years the exports of Paraguay to Denmark have decreased at an annualized rate of 29.2%, from $35.6M in 2017 to $6.32M in 2022.

In 2017, Denmark exported $17.6M to Paraguay. The main products exported from Denmark to Paraguay were Packaged Medicaments ($7.59M), Machinery Having Individual Functions ($1.06M), and Vaccines, blood, antisera, toxins and cultures ($1.01M). During the last 5 years the exports of Denmark to Paraguay have increased at an annualized rate of 17.9%, from $7.71M in 2022 to $17.6M in 2017.

Exports from Paraguay () to Denmark () (2022)

Exports from Denmark () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Denmark ()

Paraguay Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Denmark
Top DestinationGermany$18.9B

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

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

In 2022, countries that imported more from Denmark than Paraguay included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Paraguay - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Denmark in the exports of Foodstuffs ($5.56M), Wood Products ($722k), and Transportation ($32.2k).

During 2017, Denmark had a large net trade with Paraguay in the exports of Chemical Products ($9.37M), Machines ($3.73M), and Plastics and Rubbers ($1.19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Denmark+$1.96MSoybean Meal

Top Product Potential Denmark Paraguay+$3.75MPackaged 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 Denmark. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Denmark. Similarly, a dot/product with the flag of Denmark indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Denmark () (2022)

Exports from Denmark () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Denmark ()

Paraguay Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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