Paraguay (PRY) and New Zealand (NZL) Trade | The Observatory of Economic Complexity

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Paraguay-New Zealand Trade: In 2022, Paraguay exported $1.3M to New Zealand. The main products that Paraguay exported to New Zealand were Other Oily Seeds ($701k), Raw Sugar ($245k), and Wood Charcoal ($175k). Over the past 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 23.1%, from $459k in 2017 to $1.3M in 2022.

In 2022, Paraguay did not export any services to New Zealand.

New Zealand-Paraguay Trade: In 2022, New Zealand exported $1.86M to Paraguay. The main products that New Zealand exported to Paraguay were Therapeutic Appliances ($715k), Knit T-shirts ($182k), and Non-Knit Men's Coats ($171k). Over the past 5 years the exports of New Zealand to Paraguay have increased at an annualized rate of 6.9%, from $952k in 2017 to $1.86M in 2022.

In 2022, New Zealand 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, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $1.3M to New Zealand. The main products exported from Paraguay to New Zealand were Other Oily Seeds ($701k), Raw Sugar ($245k), and Wood Charcoal ($175k). During the last 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 23.1%, from $459k in 2017 to $1.3M in 2022.

In 2017, New Zealand exported $1.86M to Paraguay. The main products exported from New Zealand to Paraguay were Therapeutic Appliances ($715k), Knit T-shirts ($182k), and Non-Knit Men's Coats ($171k). During the last 5 years the exports of New Zealand to Paraguay have increased at an annualized rate of 6.9%, from $952k in 2022 to $1.86M in 2017.

Exports from Paraguay () to New Zealand () (2022)

Exports from New Zealand () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and New Zealand ()

Paraguay Exports

Date

New Zealand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

New Zealand
Top DestinationChina$13.1B

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

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

In 2022, countries that imported more from New Zealand than Paraguay included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

Difference in imports from New Zealand () and Paraguay () (2022)

Comparative Advantage Paraguay - New Zealand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with New Zealand in the exports of Vegetable Products ($710k), Foodstuffs ($396k), and Wood Products ($175k).

During 2017, New Zealand had a large net trade with Paraguay in the exports of Instruments ($763k), Textiles ($357k), and Machines ($213k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay New Zealand+$220kRaw Sugar

Top Product Potential New Zealand Paraguay+$163kVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to New Zealand () (2022)

Exports from New Zealand () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and New Zealand ()

Paraguay Exports

New Zealand Exports

Market Competitiveness

Difference in imports from New Zealand () and Paraguay () (2022)

Comparative Advantage Paraguay - New Zealand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and New Zealand () (2022)

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