Paraguay (PRY) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Paraguay-Singapore Trade: In 2023, Paraguay exported $16.4M to Singapore. The main products that Paraguay exported to Singapore were Alcohol > 80% ABV ($14M), Essential Oils ($816k), and Frozen Bovine Meat ($787k). Over the past 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 63.3%, from $1.42M in 2018 to $16.4M in 2023.

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

Singapore-Paraguay Trade: In 2023, Singapore exported $218M to Paraguay. The main products that Singapore exported to Paraguay were Refined Petroleum ($192M), Air Conditioners ($8.97M), and Refrigerators ($4M). Over the past 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 7.61%, from $151M in 2018 to $218M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $16.4M to Singapore. The main products exported from Paraguay to Singapore were Alcohol > 80% ABV ($14M), Essential Oils ($816k), and Frozen Bovine Meat ($787k). During the last 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 63.3%, from $1.42M in 2018 to $16.4M in 2023.

In 2018, Singapore exported $218M to Paraguay. The main products exported from Singapore to Paraguay were Refined Petroleum ($192M), Air Conditioners ($8.97M), and Refrigerators ($4M). During the last 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 7.61%, from $151M in 2023 to $218M in 2018.

Exports from Paraguay () to Singapore () (2023)

Exports from Singapore () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Singapore ()

Paraguay Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Singapore
Top DestinationHong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Paraguay included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

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

Comparative Advantage Paraguay - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Singapore in the exports of Foodstuffs ($14M), Animal Products ($973k), and Chemical Products ($847k).

During 2018, Singapore had a large net trade with Paraguay in the exports of Mineral Products ($192M), Machines ($19.4M), and Chemical Products ($1.78M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Singapore+$1.04MFrozen Bovine Meat

Top Product Potential Singapore Paraguay+$25.5MRefined 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 Singapore. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Singapore () (2023)

Exports from Singapore () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Singapore ()

Paraguay Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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