Paraguay (PRY) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Paraguay-Vietnam Trade: In 2023, Paraguay exported $128M to Vietnam. The main products that Paraguay exported to Vietnam were Soybean Meal ($41.2M), Frozen Bovine Meat ($26.4M), and Raw Cotton ($18.9M). Over the past 5 years the exports of Paraguay to Vietnam have increased at an annualized rate of 3.31%, from $109M in 2018 to $128M in 2023.

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

Vietnam-Paraguay Trade: In 2023, Vietnam exported $127M to Paraguay. The main products that Vietnam exported to Paraguay were Broadcasting Equipment ($78.3M), Textile Footwear ($8.76M), and Video Displays ($4.4M). Over the past 5 years the exports of Vietnam to Paraguay have increased at an annualized rate of 24.2%, from $42.7M in 2018 to $127M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $128M to Vietnam. The main products exported from Paraguay to Vietnam were Soybean Meal ($41.2M), Frozen Bovine Meat ($26.4M), and Raw Cotton ($18.9M). During the last 5 years the exports of Paraguay to Vietnam have increased at an annualized rate of 3.31%, from $109M in 2018 to $128M in 2023.

In 2018, Vietnam exported $127M to Paraguay. The main products exported from Vietnam to Paraguay were Broadcasting Equipment ($78.3M), Textile Footwear ($8.76M), and Video Displays ($4.4M). During the last 5 years the exports of Vietnam to Paraguay have increased at an annualized rate of 24.2%, from $42.7M in 2023 to $127M in 2018.

Exports from Paraguay () to Vietnam () (2023)

Exports from Vietnam () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Vietnam ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Vietnam
Top DestinationUnited States$118B

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

In 2023, countries that imported more from Paraguay than Vietnam included Argentina ($4B), Russia ($267M), and Uruguay ($274M).

In 2023, countries that imported more from Vietnam than Paraguay included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage Paraguay - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Vietnam in the exports of Foodstuffs ($63.4M), Animal Products ($31M), and Textiles ($18.9M).

During 2018, Vietnam had a large net trade with Paraguay in the exports of Machines ($96M), Footwear and Headwear ($16M), and Textiles ($6.62M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Vietnam+$5.58MCorn

Top Product Potential Vietnam Paraguay+$37.8MTelephones

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Vietnam () (2023)

Exports from Vietnam () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Vietnam ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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