Paraguay (PRY) and Mexico (MEX) Trade | The Observatory of Economic Complexity

About

Paraguay-Mexico Trade: In 2022, Paraguay exported $45.6M to Mexico. The main products that Paraguay exported to Mexico were Rice ($24.8M), Other Oily Seeds ($9.46M), and Packaged Medicaments ($5.55M). Over the past 5 years the exports of Paraguay to Mexico have decreased at an annualized rate of 6.92%, from $65.2M in 2017 to $45.6M in 2022.

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

Mexico-Paraguay Trade: In 2022, Mexico exported $161M to Paraguay. The main products that Mexico exported to Paraguay were Mixed Mineral or Chemical Fertilizers ($17.5M), Delivery Trucks ($15.5M), and Beer ($15.4M). Over the past 5 years the exports of Mexico to Paraguay have decreased at an annualized rate of 0.87%, from $168M in 2017 to $161M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $45.6M to Mexico. The main products exported from Paraguay to Mexico were Rice ($24.8M), Other Oily Seeds ($9.46M), and Packaged Medicaments ($5.55M). During the last 5 years the exports of Paraguay to Mexico have decreased at an annualized rate of 6.92%, from $65.2M in 2017 to $45.6M in 2022.

In 2017, Mexico exported $161M to Paraguay. The main products exported from Mexico to Paraguay were Mixed Mineral or Chemical Fertilizers ($17.5M), Delivery Trucks ($15.5M), and Beer ($15.4M). During the last 5 years the exports of Mexico to Paraguay have decreased at an annualized rate of 0.87%, from $168M in 2022 to $161M in 2017.

Exports from Paraguay () to Mexico () (2022)

Exports from Mexico () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Mexico ()

Paraguay Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Paraguay than Mexico included Argentina ($1.91B), Russia ($356M), and Bangladesh ($43.7M).

In 2022, countries that imported more from Mexico than Paraguay included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Paraguay - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Mexico in the exports of Vegetable Products ($35.6M), Chemical Products ($5.84M), and Textiles ($1.22M).

During 2017, Mexico had a large net trade with Paraguay in the exports of Machines ($47.4M), Chemical Products ($39.2M), and Transportation ($30.4M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Mexico+$3.84MPackaged Medicaments

Top Product Potential Mexico Paraguay+$14.3MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Mexico () (2022)

Exports from Mexico () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Mexico ()

Paraguay Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Mexico

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring