2022
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GDP
$41.7BCURRENT US$
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2012-2022
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GDP GROWTH
25.3%CURRENT US$
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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GDP PC 
$6,153CURRENT US$
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GDP PC GROWTH
9.46%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Paraguay-Japan Trade: In 2022, Paraguay exported $16.6M to Japan. The main products that Paraguay exported to Japan were Other Oily Seeds ($15.3M), Sowing Seeds ($417k), and Scrap Copper ($174k). Over the past 5 years the exports of Paraguay to Japan have decreased at an annualized rate of 22.1%, from $58.1M in 2017 to $16.6M in 2022.

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

Japan-Paraguay Trade: In 2022, Japan exported $200M to Paraguay. The main products that Japan exported to Paraguay were Cars ($98M), Delivery Trucks ($12.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.19M). Over the past 5 years the exports of Japan to Paraguay have decreased at an annualized rate of 7.58%,  from $297M in 2017 to $200M in 2022.

In 2022, Japan 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $16.6M to Japan. The main products exported from Paraguay to Japan were Other Oily Seeds ($15.3M), Sowing Seeds ($417k), and Scrap Copper ($174k). During the last 5 years the exports of Paraguay to Japan have decreased at an annualized rate of 22.1%, from $58.1M in 2017 to $16.6M in 2022.

In 2017, Japan exported $200M to Paraguay. The main products exported from Japan to Paraguay were Cars ($98M), Delivery Trucks ($12.1M), and Motor vehicles; parts and accessories (8701 to 8705) ($7.19M). During the last 5 years the exports of Japan to Paraguay have decreased at an annualized rate of 7.58%, from $297M in 2022 to $200M in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and Japan (Flag)

Paraguay Exports

Japan Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Paraguay than Japan included Argentina ($1.91B), Uruguay ($203M), and Aruba ($10.7M).

In 2022, countries that imported more from Japan than Paraguay included United States ($137B), China ($135B), and South Korea ($50.8B).

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

Comparative Advantage Paraguay - Japan

Flow
Scale

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

During 2022, Paraguay had a large net trade with Japan in the exports of Vegetable Products ($16.1M), Metals ($174k), and Foodstuffs ($83.9k).

During 2017, Japan had a large net trade with Paraguay in the exports of Transportation ($120M), Machines ($45.3M), and Plastics and Rubbers ($14.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Japan+$843kSoybean Meal
Top Product Potential Japan Paraguay+$22.4MCars

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

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

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