2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Paraguay-Georgia Trade: In 2022, Paraguay exported $9.72M to Georgia. The main products that Paraguay exported to Georgia were Butter ($5.01M), Edible Offal ($1.5M), and Frozen Bovine Meat ($1.09M). Over the past 6 years the exports of Paraguay to Georgia have increased at an annualized rate of 23.4%, from $2.75M in 2016 to $9.72M in 2022.

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

Georgia-Paraguay Trade: In 2022, Georgia exported $12.9k to Paraguay. The main products that Georgia exported to Paraguay were Non-Knit Women's Suits ($4.64k), Safety Glass ($3.66k), and Knit Men's Suits ($3.11k). Over the past 6 years the exports of Georgia to Paraguay have increased at an annualized rate of 86.8%,  from $567 in 2016 to $12.9k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $9.72M to Georgia. The main products exported from Paraguay to Georgia were Butter ($5.01M), Edible Offal ($1.5M), and Frozen Bovine Meat ($1.09M). During the last 6 years the exports of Paraguay to Georgia have increased at an annualized rate of 23.4%, from $2.75M in 2016 to $9.72M in 2022.

In 2017, Georgia exported $12.9k to Paraguay. The main products exported from Georgia to Paraguay were Non-Knit Women's Suits ($4.64k), Safety Glass ($3.66k), and Knit Men's Suits ($3.11k). During the last 5 years the exports of Georgia to Paraguay have increased at an annualized rate of 86.8%, from $567 in 2022 to $12.9k in 2017.

Exports from Paraguay (Flag) to Georgia (Flag) (2022)

Exports from Georgia (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and Georgia (Flag)

Paraguay Exports

Georgia Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Georgia
Top Destination
China$759M

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

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

In 2022, countries that imported more from Georgia than Paraguay included China ($759M), Azerbaijan ($668M), and Armenia ($571M).

Difference in imports from Georgia (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - Georgia

Flow
Scale

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

During 2022, Paraguay had a large net trade with Georgia in the exports of Animal Products ($9.57M), Vegetable Products ($95.2k), and Chemical Products ($46.7k).

During 2017, Georgia had a large net trade with Paraguay in the exports of Textiles ($8.38k), Stone And Glass ($3.66k), and Machines ($543).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Georgia+$566kFrozen Bovine Meat
Top Product Potential Georgia Paraguay+$11.4kNon-Knit Women's Suits

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

Product Space of Paraguay (Flag) and Georgia (Flag) (2022)

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