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Pricing

2023
Flag → Flag
Exports $76.1MRnk 82 / 137
2023
Flag → Flag
Top Product $36.1MMixed Mineral or Chemical Fertilizers
2023
Flag → Flag
Exports $267MRnk 6 / 153
2023
Flag → Flag
Top Product $129MSoybeans
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
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 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
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GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
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GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Russia-Paraguay Trade: In 2023, Russia exported $76.1M to Paraguay. The main products that Russia exported to Paraguay were Mixed Mineral or Chemical Fertilizers ($36.1M), Refined Petroleum ($31.7M), and Potassic Fertilizers ($3.55M). Over the past 5 years the exports of Russia to Paraguay have decreased at an annualized rate of 5.32%, from $100M in 2018 to $76.1M in 2023.

In 2020, Russia exported services to Paraguay worth $112k, with Other business services ($60k), Transportation ($32k), and Financial services ($11k) being the largest in terms of value.

Paraguay-Russia Trade: In 2023, Paraguay exported $267M to Russia. The main products that Paraguay exported to Russia were Soybeans ($129M), Frozen Bovine Meat ($112M), and Edible Offal ($16.6M). Over the past 5 years the exports of Paraguay to Russia have decreased at an annualized rate of 19.5%,  from $790M in 2018 to $267M in 2023.

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

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $2.46M and imported $85.6M from Paraguay, resulting in a negative trade balance of $83.1M. Between January 2021 and January 2022 the exports of Russia have decreased by $-9.57k (-0.39%) from $2.47M to $2.46M, while imports increased by $16.8M (24.5%) from $68.8M to $85.6M.

Trade In January 2022, the top exports of Russia to Paraguay were Asphalt Mixtures ($1.55M), Petroleum Coke ($570k), Propylene Polymers ($183k), Wood Crates ($100k), and Other Coloring Matter ($34.7k). In January 2022 the top imports of Russia from Paraguay were Soybeans ($51.6M), Frozen Bovine Meat ($14.5M), Edible Offal ($1.4M), Concentrated Milk ($579k), and Animal Organs ($277k).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($2.21M), PERM TERRITORY ($112k), ULYANOVSK REGION ($34.9k), REPUBLIC OF MORDOVIA ($33k), and MOSCOW REGION ($28.5k), while imports destinations were mainly KALININGRAD REGION ($61.6M), ST. PETERSBURG ($16M), LENINGRAD REGION ($4.24M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($2.84M), and SARATOV REGION ($266k).

Growth In January 2022, the decrease in Russia's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Asphalt Mixtures ($-292k or -15.9%). In January 2022, the increase in Russia's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Soybeans ($26.1M or 102%) and Animal Organs ($193k or 232%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$-9.57k(-0.39%)
IMPORT GROWTH (January 2021 - January 2022)$16.8M(24.5%)
MAIN EXPORTER (January 2022)ST. PETERSBURG$2.21M

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Paraguay and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $76.1M to Paraguay. The main products exported from Russia to Paraguay were Mixed Mineral or Chemical Fertilizers ($36.1M), Refined Petroleum ($31.7M), and Potassic Fertilizers ($3.55M). During the last 5 years the exports of Russia to Paraguay have decreased at an annualized rate of 5.32%, from $100M in 2018 to $76.1M in 2023.

In 2018, Paraguay exported $267M to Russia. The main products exported from Paraguay to Russia were Soybeans ($129M), Frozen Bovine Meat ($112M), and Edible Offal ($16.6M). During the last 5 years the exports of Paraguay to Russia have decreased at an annualized rate of 19.5%, from $790M in 2023 to $267M in 2018.

Exports from Russia (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Russia than Paraguay included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Paraguay than Russia included Argentina ($4B), Chile ($1.26B), and Uruguay ($274M).

Difference in imports from Paraguay (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Paraguay

Flow
Scale

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

During 2023, Russia had a large net trade with Paraguay in the exports of Chemical Products ($39.8M), Mineral Products ($32.5M), and Machines ($2.9M).

During 2018, Paraguay had a large net trade with Russia in the exports of Vegetable Products ($133M), Animal Products ($132M), and Animal and Vegetable Bi-Products ($1.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Paraguay+$45.6MRefined Petroleum
Top Product Potential Paraguay Russia+$15.5MSoybeans

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

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

Product Space of Russia (Flag) and Paraguay (Flag) (2023)

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