Paraguay (PRY) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Paraguay-North Macedonia Trade: In 2023, Paraguay exported $8.34M to North Macedonia. The main products that Paraguay exported to North Macedonia were Frozen Bovine Meat ($6.74M), Edible Offal ($1.19M), and Bovine, Sheep, and Goat Fat ($345k). Over the past 5 years the exports of Paraguay to North Macedonia have increased at an annualized rate of 169%, from $59.1k in 2018 to $8.34M in 2023.

In 2023, Paraguay did not export any services to North Macedonia.

North Macedonia-Paraguay Trade: In 2023, North Macedonia exported $94.2k to Paraguay. The main products that North Macedonia exported to Paraguay were Video and Card Games ($53.3k), Other Pure Vegetable Oils ($25.4k), and Non-Knit Women's Suits ($8.62k). Over the past 5 years the exports of North Macedonia to Paraguay have decreased at an annualized rate of 46.5%, from $2.14M in 2018 to $94.2k in 2023.

In 2023, North Macedonia 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, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $8.34M to North Macedonia. The main products exported from Paraguay to North Macedonia were Frozen Bovine Meat ($6.74M), Edible Offal ($1.19M), and Bovine, Sheep, and Goat Fat ($345k). During the last 5 years the exports of Paraguay to North Macedonia have increased at an annualized rate of 169%, from $59.1k in 2018 to $8.34M in 2023.

In 2018, North Macedonia exported $94.2k to Paraguay. The main products exported from North Macedonia to Paraguay were Video and Card Games ($53.3k), Other Pure Vegetable Oils ($25.4k), and Non-Knit Women's Suits ($8.62k). During the last 5 years the exports of North Macedonia to Paraguay have decreased at an annualized rate of 46.5%, from $2.14M in 2023 to $94.2k in 2018.

Exports from Paraguay () to North Macedonia () (2023)

Exports from North Macedonia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and North Macedonia ()

Paraguay Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Paraguay than North Macedonia included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

In 2023, countries that imported more from North Macedonia than Paraguay included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia () and Paraguay () (2023)

Comparative Advantage Paraguay - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with North Macedonia in the exports of Animal Products ($7.93M), Animal and Vegetable Bi-Products ($345k), and Vegetable Products ($60.8k).

During 2018, North Macedonia had a large net trade with Paraguay in the exports of Miscellaneous ($53.3k), Animal and Vegetable Bi-Products ($25.4k), and Textiles ($12.6k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay North Macedonia+$51.8kBovine, Sheep, and Goat Fat

Top Product Potential North Macedonia Paraguay+$143kRaw Tobacco

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to North Macedonia () (2023)

Exports from North Macedonia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and North Macedonia ()

Paraguay Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Paraguay () (2023)

Comparative Advantage Paraguay - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and North Macedonia () (2023)

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