Paraguay (PRY) and Ecuador (ECU) Trade | The Observatory of Economic Complexity

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Paraguay-Ecuador Trade: In 2023, Paraguay exported $31M to Ecuador. The main products that Paraguay exported to Ecuador were Soybean Meal ($12.3M), Packaged Medicaments ($9.89M), and Ground Nuts ($2.01M). Over the past 5 years the exports of Paraguay to Ecuador have decreased at an annualized rate of 11.8%, from $57.9M in 2018 to $31M in 2023.

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

Ecuador-Paraguay Trade: In 2023, Ecuador exported $8.17M to Paraguay. The main products that Ecuador exported to Paraguay were Cut Flowers ($2.82M), Processed Fish ($1.56M), and Crustaceans ($1.25M). Over the past 5 years the exports of Ecuador to Paraguay have decreased at an annualized rate of 1%, from $8.77M in 2018 to $8.17M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $31M to Ecuador. The main products exported from Paraguay to Ecuador were Soybean Meal ($12.3M), Packaged Medicaments ($9.89M), and Ground Nuts ($2.01M). During the last 5 years the exports of Paraguay to Ecuador have decreased at an annualized rate of 11.8%, from $57.9M in 2018 to $31M in 2023.

In 2018, Ecuador exported $8.17M to Paraguay. The main products exported from Ecuador to Paraguay were Cut Flowers ($2.82M), Processed Fish ($1.56M), and Crustaceans ($1.25M). During the last 5 years the exports of Ecuador to Paraguay have decreased at an annualized rate of 1%, from $8.77M in 2023 to $8.17M in 2018.

Exports from Paraguay () to Ecuador () (2023)

Exports from Ecuador () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Ecuador ()

Paraguay Exports

Date

Ecuador Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Ecuador
Top DestinationUnited States$8.34B

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

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

In 2023, countries that imported more from Ecuador than Paraguay included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Paraguay - Ecuador

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Ecuador in the exports of Foodstuffs ($12.5M), Chemical Products ($10.8M), and Vegetable Products ($3.65M).

During 2018, Ecuador had a large net trade with Paraguay in the exports of Vegetable Products ($2.82M), Foodstuffs ($1.84M), and Animal Products ($1.26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Ecuador+$254kMetal Stoppers

Top Product Potential Ecuador Paraguay+$427kCrustaceans

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 Ecuador. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Ecuador. Similarly, a dot/product with the flag of Ecuador indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Ecuador () (2023)

Exports from Ecuador () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Ecuador ()

Paraguay Exports

Ecuador Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Ecuador

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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