Paraguay (PRY) and India (IND) Trade | The Observatory of Economic Complexity

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Paraguay-India Trade: In 2023, Paraguay exported $214M to India. The main products that Paraguay exported to India were Soybean Oil ($182M), Scrap Iron ($16.6M), and Scrap Aluminium ($5.55M). Over the past 5 years the exports of Paraguay to India have decreased at an annualized rate of 3.13%, from $250M in 2018 to $214M in 2023.

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

India-Paraguay Trade: In 2023, India exported $297M to Paraguay. The main products that India exported to Paraguay were Refined Petroleum ($56.4M), Pesticides ($23.3M), and Cars ($23.2M). Over the past 5 years the exports of India to Paraguay have increased at an annualized rate of 6.65%, from $215M in 2018 to $297M in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $214M to India. The main products exported from Paraguay to India were Soybean Oil ($182M), Scrap Iron ($16.6M), and Scrap Aluminium ($5.55M). During the last 5 years the exports of Paraguay to India have decreased at an annualized rate of 3.13%, from $250M in 2018 to $214M in 2023.

In 2018, India exported $297M to Paraguay. The main products exported from India to Paraguay were Refined Petroleum ($56.4M), Pesticides ($23.3M), and Cars ($23.2M). During the last 5 years the exports of India to Paraguay have increased at an annualized rate of 6.65%, from $215M in 2023 to $297M in 2018.

Exports from Paraguay () to India () (2023)

Exports from India () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and India ()

Paraguay Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

India
Top DestinationUnited States$85.5B

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

In 2023, countries that imported more from Paraguay than India included Argentina ($4B).

In 2023, countries that imported more from India than Paraguay included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

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

Comparative Advantage Paraguay - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with India in the exports of Animal and Vegetable Bi-Products ($182M), Metals ($23.5M), and Chemical Products ($4.57M).

During 2018, India had a large net trade with Paraguay in the exports of Chemical Products ($83M), Mineral Products ($56.6M), and Machines ($49.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay India+$4.25MScrap Aluminium

Top Product Potential India Paraguay+$84.8MRefined 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

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to India () (2023)

Exports from India () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and India ()

Paraguay Exports

India Exports

Market Competitiveness

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

Comparative Advantage Paraguay - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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