Paraguay (PRY) and Philippines (PHL) Trade | The Observatory of Economic Complexity

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Paraguay-Philippines Trade: In 2022, Paraguay exported $193k to Philippines. The main products that Paraguay exported to Philippines were Other Oily Seeds ($180k), Insulated Wire ($11.8k), and Non-Knit Women's Suits ($774). Over the past 5 years the exports of Paraguay to Philippines have decreased at an annualized rate of 10.5%, from $335k in 2017 to $193k in 2022.

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

Philippines-Paraguay Trade: In 2022, Philippines exported $3.39M to Paraguay. The main products that Philippines exported to Paraguay were Office Machine Parts ($936k), Electrical Transformers ($330k), and Metalworking Machine Parts ($212k). Over the past 5 years the exports of Philippines to Paraguay have decreased at an annualized rate of 6.86%, from $4.84M in 2017 to $3.39M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $193k to Philippines. The main products exported from Paraguay to Philippines were Other Oily Seeds ($180k), Insulated Wire ($11.8k), and Non-Knit Women's Suits ($774). During the last 5 years the exports of Paraguay to Philippines have decreased at an annualized rate of 10.5%, from $335k in 2017 to $193k in 2022.

In 2017, Philippines exported $3.39M to Paraguay. The main products exported from Philippines to Paraguay were Office Machine Parts ($936k), Electrical Transformers ($330k), and Metalworking Machine Parts ($212k). During the last 5 years the exports of Philippines to Paraguay have decreased at an annualized rate of 6.86%, from $4.84M in 2022 to $3.39M in 2017.

Exports from Paraguay () to Philippines () (2022)

Exports from Philippines () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Philippines ()

Paraguay Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Paraguay included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

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

Comparative Advantage Paraguay - Philippines

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Philippines in the exports of Vegetable Products ($180k), Machines ($12.1k), and Textiles ($897).

During 2017, Philippines had a large net trade with Paraguay in the exports of Machines ($1.98M), Instruments ($358k), and Footwear and Headwear ($214k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Philippines+$145kOther Oily Seeds

Top Product Potential Philippines Paraguay+$972kIndustrial Printers

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Philippines () (2022)

Exports from Philippines () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Philippines ()

Paraguay Exports

Philippines Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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