Paraguay (PRY) and Libya (LBY) Trade | The Observatory of Economic Complexity

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Paraguay-Libya Trade: In 2022, Paraguay exported $1.72M to Libya. The main products that Paraguay exported to Libya were Frozen Bovine Meat ($1.71M) and Packaged Medicaments ($9.45k). Over the past 6 years the exports of Paraguay to Libya have decreased at an annualized rate of 16.8%, from $5.19M in 2016 to $1.72M in 2022.

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

Libya-Paraguay In N/A, Libya did not export any products to Paraguay.

In 2022, Libya 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, Libya ranked 104 in the Economic Complexity Index (ECI -0.84), and 67 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $1.72M to Libya. The main products exported from Paraguay to Libya were Frozen Bovine Meat ($1.71M) and Packaged Medicaments ($9.45k). During the last 6 years the exports of Paraguay to Libya have decreased at an annualized rate of 16.8%, from $5.19M in 2016 to $1.72M in 2022.

Libya does not register exports to Paraguay.

Exports from Paraguay () to Libya () (2022)

Exports from Libya () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Libya ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Libya
Top DestinationItaly$9.26B

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

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

In 2022, countries that imported more from Libya than Paraguay included Italy ($9.26B), Spain ($3.48B), and Germany ($3.32B).

Difference in imports from Libya () and Paraguay () (2022)

Comparative Advantage Paraguay - Libya

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Libya in the exports of Animal Products ($1.71M) and Chemical Products ($9.45k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Libya+$387kFrozen Bovine Meat

Top Product Potential Libya Paraguay+$3.47kRefined 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 Libya. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Libya. Similarly, a dot/product with the flag of Libya indicates it has a comparative advantage over Paraguay.

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Libya () (2022)

Exports from Libya () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Libya ()

Paraguay Exports

Market Competitiveness

Difference in imports from Libya () and Paraguay () (2022)

Comparative Advantage Paraguay - Libya

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Libya () (2022)

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