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2023
Flag → Flag
Exports $7.93MRnk 60 / 153
2023
Flag → Flag
Top Product $2.64MRaw Tobacco
2023
Flag → Flag
Exports $7.33MRnk 68 / 166
2023
Flag → Flag
Top Product $5.01MOther Footwear
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.04Rnk 62 / 132
2023
Flag  
GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP$121BCURRENT US$
Rnk 62 / 195
2013-2023
Flag
GDP GROWTH93.7%CURRENT US$
Rnk 18 / 195
2023
Flag
GDP PC $6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC$10,718CURRENT US$
Rnk 87 / 196
2013-2023
Flag
GDP PC GROWTH74.3%CURRENT US$
Rnk 21 / 195

About

Paraguay-Dominican Republic Trade: In 2023, Paraguay exported $7.93M to Dominican Republic. The main products that Paraguay exported to Dominican Republic were Raw Tobacco ($2.64M), Soybean Oil ($2.16M), and Packaged Medicaments ($1.08M). Over the past 5 years the exports of Paraguay to Dominican Republic have increased at an annualized rate of 46.3%, from $1.18M in 2018 to $7.93M in 2023.

In 2023, Paraguay did not export any services to Dominican Republic.

Dominican Republic-Paraguay Trade: In 2023, Dominican Republic exported $7.33M to Paraguay. The main products that Dominican Republic exported to Paraguay were Other Footwear ($5.01M), Textile Footwear ($814k), and Hair Products ($537k). Over the past 5 years the exports of Dominican Republic to Paraguay have increased at an annualized rate of 33.7%,  from $1.72M in 2018 to $7.33M in 2023.

In 2023, Dominican Republic 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, Dominican Republic ranked 62 in the Economic Complexity Index (ECI 0.04), and 91 in total exports ($13.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $7.93M to Dominican Republic. The main products exported from Paraguay to Dominican Republic were Raw Tobacco ($2.64M), Soybean Oil ($2.16M), and Packaged Medicaments ($1.08M). During the last 5 years the exports of Paraguay to Dominican Republic have increased at an annualized rate of 46.3%, from $1.18M in 2018 to $7.93M in 2023.

In 2018, Dominican Republic exported $7.33M to Paraguay. The main products exported from Dominican Republic to Paraguay were Other Footwear ($5.01M), Textile Footwear ($814k), and Hair Products ($537k). During the last 5 years the exports of Dominican Republic to Paraguay have increased at an annualized rate of 33.7%, from $1.72M in 2023 to $7.33M in 2018.

Exports from Paraguay (Flag) to Dominican Republic (Flag) (2023)

Exports from Dominican Republic (Flag) to Paraguay (Flag) (2023)

Latest Data

Trade between Paraguay (Flag) and Dominican Republic (Flag)

Paraguay Exports

Dominican Republic Exports

Market Competitiveness

Color
Paraguay
Top DestinationArgentina$4B
Dominican Republic
Top DestinationUnited States$7.08B

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

In 2023, countries that imported more from Paraguay than Dominican Republic included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

In 2023, countries that imported more from Dominican Republic than Paraguay included United States ($7.08B), Switzerland ($885M), and Haiti ($856M).

Difference in imports from Dominican Republic (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - Dominican Republic

Flow
Scale

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

During 2023, Paraguay had a large net trade with Dominican Republic in the exports of Foodstuffs ($2.84M), Animal and Vegetable Bi-Products ($2.19M), and Chemical Products ($1.18M).

During 2018, Dominican Republic had a large net trade with Paraguay in the exports of Footwear and Headwear ($5.87M), Chemical Products ($825k), and Instruments ($183k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Dominican Republic+$531kPackaged Medicaments
Top Product Potential Dominican Republic Paraguay+$338kPackaged 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

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

Product Space of Paraguay (Flag) and Dominican Republic (Flag) (2023)

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