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2023
Flag → Flag
Exports $186MRnk 11 / 153
2023
Flag → Flag
Top Product $101MSoybean Meal
2023
Flag → Flag
Exports $63.4MRnk 121 / 223
2023
Flag → Flag
Top Product $15.8MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Paraguay-United Kingdom Trade: In 2023, Paraguay exported $186M to United Kingdom. The main products that Paraguay exported to United Kingdom were Soybean Meal ($101M), Alcohol > 80% ABV ($49.3M), and Wood Charcoal ($9.38M). Over the past 5 years the exports of Paraguay to United Kingdom have increased at an annualized rate of 12.4%, from $104M in 2018 to $186M in 2023.

In 2023, Paraguay did not export any services to United Kingdom.

United Kingdom-Paraguay Trade: In 2023, United Kingdom exported $63.4M to Paraguay. The main products that United Kingdom exported to Paraguay were Hard Liquor ($15.8M), Refined Petroleum ($14.5M), and Cars ($7.27M). Over the past 5 years the exports of United Kingdom to Paraguay have increased at an annualized rate of 1.13%,  from $59.9M in 2018 to $63.4M in 2023.

In 2023, United Kingdom 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $186M to United Kingdom. The main products exported from Paraguay to United Kingdom were Soybean Meal ($101M), Alcohol > 80% ABV ($49.3M), and Wood Charcoal ($9.38M). During the last 5 years the exports of Paraguay to United Kingdom have increased at an annualized rate of 12.4%, from $104M in 2018 to $186M in 2023.

In 2018, United Kingdom exported $63.4M to Paraguay. The main products exported from United Kingdom to Paraguay were Hard Liquor ($15.8M), Refined Petroleum ($14.5M), and Cars ($7.27M). During the last 5 years the exports of United Kingdom to Paraguay have increased at an annualized rate of 1.13%, from $59.9M in 2023 to $63.4M in 2018.

Exports from Paraguay (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Paraguay (Flag) (2023)

Latest Data

Trade between Paraguay (Flag) and United Kingdom (Flag)

Paraguay Exports

United Kingdom Exports

Market Competitiveness

Color
Paraguay
Top DestinationArgentina$4B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Paraguay than United Kingdom included Argentina ($4B), Chile ($1.26B), and Uruguay ($274M).

In 2023, countries that imported more from United Kingdom than Paraguay included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - United Kingdom

Flow
Scale

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

During 2023, Paraguay had a large net trade with United Kingdom in the exports of Foodstuffs ($154M), Wood Products ($13.9M), and Vegetable Products ($13.9M).

During 2018, United Kingdom had a large net trade with Paraguay in the exports of Foodstuffs ($19.6M), Mineral Products ($15.4M), and Transportation ($8.21M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay United Kingdom+$4.01MAlcohol > 80% ABV
Top Product Potential United Kingdom Paraguay+$10MRefined 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

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

Product Space of Paraguay (Flag) and United Kingdom (Flag) (2023)

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