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

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Paraguay-Philippines Trade: In 2023, Paraguay exported $13.3M to Philippines. The main products that Paraguay exported to Philippines were Alcohol > 80% ABV ($12M), Other Oily Seeds ($1.22M), and Raw Sugar ($41.2k). Over the past 5 years the exports of Paraguay to Philippines have increased at an annualized rate of 70%, from $936k in 2018 to $13.3M in 2023.

In 2023, Paraguay did not export any services to Philippines.

Philippines-Paraguay Trade: In 2023, Philippines exported $5.98M to Paraguay. The main products that Philippines exported to Paraguay were Office Machine Parts ($1.2M), Metalworking Machine Parts ($1.03M), and Base Metal Watches ($696k). Over the past 5 years the exports of Philippines to Paraguay have increased at an annualized rate of 14.7%, from $3.01M in 2018 to $5.98M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $13.3M to Philippines. The main products exported from Paraguay to Philippines were Alcohol > 80% ABV ($12M), Other Oily Seeds ($1.22M), and Raw Sugar ($41.2k). During the last 5 years the exports of Paraguay to Philippines have increased at an annualized rate of 70%, from $936k in 2018 to $13.3M in 2023.

In 2018, Philippines exported $5.98M to Paraguay. The main products exported from Philippines to Paraguay were Office Machine Parts ($1.2M), Metalworking Machine Parts ($1.03M), and Base Metal Watches ($696k). During the last 5 years the exports of Philippines to Paraguay have increased at an annualized rate of 14.7%, from $3.01M in 2023 to $5.98M in 2018.

Exports from Paraguay () to Philippines () (2023)

Exports from Philippines () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Philippines ()

Paraguay Exports

Date

Philippines Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Philippines than Paraguay included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

Difference in imports from Philippines () and Paraguay () (2023)

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 2023, Paraguay had a large net trade with Philippines in the exports of Foodstuffs ($12.1M), Vegetable Products ($1.22M), and Machines ($12.5k).

During 2018, Philippines had a large net trade with Paraguay in the exports of Machines ($3.26M), Instruments ($1.46M), and Footwear and Headwear ($304k).

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 () (2023)

Exports from Philippines () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Philippines ()

Paraguay Exports

Philippines Exports

Market Competitiveness

Difference in imports from Philippines () and Paraguay () (2023)

Comparative Advantage Paraguay - Philippines

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Philippines () (2023)

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