Paraguay (PRY) and Saudi Arabia (SAU) Trade | The Observatory of Economic Complexity

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Paraguay-Saudi Arabia Trade: In 2022, Paraguay exported $61.5M to Saudi Arabia. The main products that Paraguay exported to Saudi Arabia were Corn ($48.4M), Frozen Bovine Meat ($6.14M), and Wood Charcoal ($6.12M). Over the past 5 years the exports of Paraguay to Saudi Arabia have increased at an annualized rate of 12.6%, from $34M in 2017 to $61.5M in 2022.

In 2022, Paraguay did not export any services to Saudi Arabia.

Saudi Arabia-Paraguay Trade: In 2022, Saudi Arabia exported $31.1M to Paraguay. The main products that Saudi Arabia exported to Paraguay were Propylene Polymers ($14.4M), Refined Petroleum ($13.1M), and Flat Flat-Rolled Steel ($1.68M). Over the past 5 years the exports of Saudi Arabia to Paraguay have increased at an annualized rate of 7.75%, from $19.8M in 2017 to $31.1M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $61.5M to Saudi Arabia. The main products exported from Paraguay to Saudi Arabia were Corn ($48.4M), Frozen Bovine Meat ($6.14M), and Wood Charcoal ($6.12M). During the last 5 years the exports of Paraguay to Saudi Arabia have increased at an annualized rate of 12.6%, from $34M in 2017 to $61.5M in 2022.

In 2017, Saudi Arabia exported $31.1M to Paraguay. The main products exported from Saudi Arabia to Paraguay were Propylene Polymers ($14.4M), Refined Petroleum ($13.1M), and Flat Flat-Rolled Steel ($1.68M). During the last 5 years the exports of Saudi Arabia to Paraguay have increased at an annualized rate of 7.75%, from $19.8M in 2022 to $31.1M in 2017.

Exports from Paraguay () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Saudi Arabia ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Saudi Arabia
Top DestinationChina$68B

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

In 2022, countries that imported more from Paraguay than Saudi Arabia included Chile ($1.16B), Argentina ($1.91B), and Russia ($356M).

In 2022, countries that imported more from Saudi Arabia than Paraguay included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia () and Paraguay () (2022)

Comparative Advantage Paraguay - Saudi Arabia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Saudi Arabia in the exports of Vegetable Products ($48.6M), Animal Products ($6.65M), and Wood Products ($6.12M).

During 2017, Saudi Arabia had a large net trade with Paraguay in the exports of Plastics and Rubbers ($15.8M), Mineral Products ($13.1M), and Metals ($1.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Saudi Arabia+$3.3MFrozen Bovine Meat

Top Product Potential Saudi Arabia Paraguay+$17.3MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Saudi Arabia () (2022)

Exports from Saudi Arabia () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Saudi Arabia ()

Paraguay Exports

Market Competitiveness

Difference in imports from Saudi Arabia () and Paraguay () (2022)

Comparative Advantage Paraguay - Saudi Arabia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Saudi Arabia () (2022)

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