Paraguay (PRY) and Portugal (PRT) Trade | The Observatory of Economic Complexity

About

Paraguay-Portugal Trade: In 2023, Paraguay exported $8.46M to Portugal. The main products that Paraguay exported to Portugal were Rice ($2.63M), Bovine Meat ($1.62M), and Perfume Plants ($1.17M). Over the past 5 years the exports of Paraguay to Portugal have decreased at an annualized rate of 32.8%, from $61.8M in 2018 to $8.46M in 2023.

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

Portugal-Paraguay Trade: In 2023, Portugal exported $16M to Paraguay. The main products that Portugal exported to Paraguay were Machinery Having Individual Functions ($2.6M), Motor vehicles; parts and accessories (8701 to 8705) ($1.53M), and Low-voltage Protection Equipment ($1.02M). Over the past 5 years the exports of Portugal to Paraguay have decreased at an annualized rate of 18.6%, from $44.8M in 2018 to $16M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $8.46M to Portugal. The main products exported from Paraguay to Portugal were Rice ($2.63M), Bovine Meat ($1.62M), and Perfume Plants ($1.17M). During the last 5 years the exports of Paraguay to Portugal have decreased at an annualized rate of 32.8%, from $61.8M in 2018 to $8.46M in 2023.

In 2018, Portugal exported $16M to Paraguay. The main products exported from Portugal to Paraguay were Machinery Having Individual Functions ($2.6M), Motor vehicles; parts and accessories (8701 to 8705) ($1.53M), and Low-voltage Protection Equipment ($1.02M). During the last 5 years the exports of Portugal to Paraguay have decreased at an annualized rate of 18.6%, from $44.8M in 2023 to $16M in 2018.

Exports from Paraguay () to Portugal () (2023)

Exports from Portugal () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Portugal ()

Paraguay Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Portugal
Top DestinationSpain$17.7B

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

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

In 2023, countries that imported more from Portugal than Paraguay included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Paraguay - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Portugal in the exports of Vegetable Products ($4.05M), Animal Products ($3.2M), and Wood Products ($553k).

During 2018, Portugal had a large net trade with Paraguay in the exports of Machines ($7.88M), Textiles ($2.64M), and Transportation ($2.12M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Portugal+$2.26MBovine Meat

Top Product Potential Portugal Paraguay+$1.31MMotor vehicles; parts and accessories (8701 to 8705)

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Portugal () (2023)

Exports from Portugal () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Portugal ()

Paraguay Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Portugal

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 Portugal () (2023)

Keep Exploring