Paraguay (PRY) and Slovakia (SVK) Trade | The Observatory of Economic Complexity

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Paraguay-Slovakia Trade: In 2023, Paraguay exported $441k to Slovakia. The main products that Paraguay exported to Slovakia were Other Oily Seeds ($311k), Flavored Water ($47.4k), and Malt Extract ($33.9k). Over the past 5 years the exports of Paraguay to Slovakia have increased at an annualized rate of 23.6%, from $153k in 2018 to $441k in 2023.

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

Slovakia-Paraguay Trade: In 2023, Slovakia exported $14M to Paraguay. The main products that Slovakia exported to Paraguay were Cars ($8.98M), Low-voltage Protection Equipment ($1.58M), and Household Washing Machines ($1.22M). Over the past 5 years the exports of Slovakia to Paraguay have increased at an annualized rate of 15.3%, from $6.87M in 2018 to $14M in 2023.

In 2023, Slovakia 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $441k to Slovakia. The main products exported from Paraguay to Slovakia were Other Oily Seeds ($311k), Flavored Water ($47.4k), and Malt Extract ($33.9k). During the last 5 years the exports of Paraguay to Slovakia have increased at an annualized rate of 23.6%, from $153k in 2018 to $441k in 2023.

In 2018, Slovakia exported $14M to Paraguay. The main products exported from Slovakia to Paraguay were Cars ($8.98M), Low-voltage Protection Equipment ($1.58M), and Household Washing Machines ($1.22M). During the last 5 years the exports of Slovakia to Paraguay have increased at an annualized rate of 15.3%, from $6.87M in 2023 to $14M in 2018.

Exports from Paraguay () to Slovakia () (2023)

Exports from Slovakia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Slovakia ()

Paraguay Exports

Date

Slovakia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Slovakia
Top DestinationGermany$21.5B

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

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

In 2023, countries that imported more from Slovakia than Paraguay included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

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

Comparative Advantage Paraguay - Slovakia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Slovakia in the exports of Vegetable Products ($311k), Foodstuffs ($87.9k), and Wood Products ($21.7k).

During 2018, Slovakia had a large net trade with Paraguay in the exports of Transportation ($9.18M), Machines ($4.09M), and Weapons ($339k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Slovakia+$147kOther Oily Seeds

Top Product Potential Slovakia Paraguay+$7.13MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Slovakia () (2023)

Exports from Slovakia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Slovakia ()

Paraguay Exports

Slovakia Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Slovakia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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