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Pricing

2022
Flag → Flag
Exports $5.63MRnk 60 / 158
2022
Flag → Flag
Top Product $3.48MSoybean Oil
2022
Flag → Flag
Exports $598kRnk 67 / 126
2022
Flag → Flag
Top Product $502kTug Boats
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Paraguay-Venezuela Trade: In 2022, Paraguay exported $5.63M to Venezuela. The main products that Paraguay exported to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). Over the past 5 years the exports of Paraguay to Venezuela have increased at an annualized rate of 16.6%, from $2.61M in 2017 to $5.63M in 2022.

In 2022, Paraguay did not export any services to Venezuela.

Venezuela-Paraguay Trade: In 2022, Venezuela exported $598k to Paraguay. The main products that Venezuela exported to Paraguay were Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). Over the past 5 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 31.5%,  from $3.97M in 2017 to $598k in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $5.63M to Venezuela. The main products exported from Paraguay to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). During the last 5 years the exports of Paraguay to Venezuela have increased at an annualized rate of 16.6%, from $2.61M in 2017 to $5.63M in 2022.

In 2017, Venezuela exported $598k to Paraguay. The main products exported from Venezuela to Paraguay were Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). During the last 5 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 31.5%, from $3.97M in 2022 to $598k in 2017.

Exports from Paraguay (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and Venezuela (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top DestinationBrazil$3.67B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Paraguay than Venezuela included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

In 2022, countries that imported more from Venezuela than Paraguay included China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - Venezuela

Flow
Scale

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

During 2022, Paraguay had a large net trade with Venezuela in the exports of Animal and Vegetable Bi-Products ($3.48M), Chemical Products ($661k), and Textiles ($611k).

During 2017, Venezuela had a large net trade with Paraguay in the exports of Transportation ($502k), Machines ($45.5k), and Metals ($28.2k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Paraguay and Venezuela. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Paraguay.

Product Space of Paraguay (Flag) and Venezuela (Flag) (2022)

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