Paraguay (PRY) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Paraguay-Sweden Trade: In 2023, Paraguay exported $302k to Sweden. The main products that Paraguay exported to Sweden were Wood Charcoal ($135k), Other Oily Seeds ($76.6k), and Mate ($33.3k). Over the past 5 years the exports of Paraguay to Sweden have decreased at an annualized rate of 49.4%, from $9.07M in 2018 to $302k in 2023.

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

Sweden-Paraguay Trade: In 2023, Sweden exported $42.1M to Paraguay. The main products that Sweden exported to Paraguay were Tractors ($12.8M), Glass Working Machines ($4.19M), and Special purpose motor vehicles ($4.17M). Over the past 5 years the exports of Sweden to Paraguay have decreased at an annualized rate of 5.05%, from $54.5M in 2018 to $42.1M in 2023.

In 2023, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $302k to Sweden. The main products exported from Paraguay to Sweden were Wood Charcoal ($135k), Other Oily Seeds ($76.6k), and Mate ($33.3k). During the last 5 years the exports of Paraguay to Sweden have decreased at an annualized rate of 49.4%, from $9.07M in 2018 to $302k in 2023.

In 2018, Sweden exported $42.1M to Paraguay. The main products exported from Sweden to Paraguay were Tractors ($12.8M), Glass Working Machines ($4.19M), and Special purpose motor vehicles ($4.17M). During the last 5 years the exports of Sweden to Paraguay have decreased at an annualized rate of 5.05%, from $54.5M in 2023 to $42.1M in 2018.

Exports from Paraguay () to Sweden () (2023)

Exports from Sweden () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Sweden ()

Paraguay Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Sweden
Top DestinationGermany$18.4B

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

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

In 2023, countries that imported more from Sweden than Paraguay included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

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

Comparative Advantage Paraguay - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Sweden in the exports of Wood Products ($135k), Vegetable Products ($118k), and Textiles ($28.7k).

During 2018, Sweden had a large net trade with Paraguay in the exports of Transportation ($22.7M), Machines ($12.7M), and Chemical Products ($2.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Sweden+$218kOther Oily Seeds

Top Product Potential Sweden Paraguay+$4.6MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Sweden () (2023)

Exports from Sweden () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Sweden ()

Paraguay Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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