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2022
Flag → Flag
Exports $240MRnk 80 / 138
2022
Flag → Flag
Top Product $57.9MRefined Petroleum
2022
Flag → Flag
Exports $356MRnk 4 / 158
2022
Flag → Flag
Top Product $263MFrozen Bovine Meat
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Russia-Paraguay Trade: In 2022, Russia exported $240M to Paraguay. The main products that Russia exported to Paraguay were Refined Petroleum ($57.9M), Potassic Fertilizers ($52.7M), and Mixed Mineral or Chemical Fertilizers ($46.4M). Over the past 5 years the exports of Russia to Paraguay have increased at an annualized rate of 41.9%, from $41.6M in 2017 to $240M in 2022.

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 2022, Paraguay exported $356M to Russia. The main products that Paraguay exported to Russia were Frozen Bovine Meat ($263M), Soybeans ($46M), and Edible Offal ($36.4M). Over the past 5 years the exports of Paraguay to Russia have decreased at an annualized rate of 9.99%,  from $603M in 2017 to $356M in 2022.

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

Comparison: In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

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 2022, Russia exported $240M to Paraguay. The main products exported from Russia to Paraguay were Refined Petroleum ($57.9M), Potassic Fertilizers ($52.7M), and Mixed Mineral or Chemical Fertilizers ($46.4M). During the last 5 years the exports of Russia to Paraguay have increased at an annualized rate of 41.9%, from $41.6M in 2017 to $240M in 2022.

In 2017, Paraguay exported $356M to Russia. The main products exported from Paraguay to Russia were Frozen Bovine Meat ($263M), Soybeans ($46M), and Edible Offal ($36.4M). During the last 5 years the exports of Paraguay to Russia have decreased at an annualized rate of 9.99%, from $603M in 2022 to $356M in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Paraguay
Top DestinationBrazil$3.67B

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 2022, countries that imported more from Russia than Paraguay included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Paraguay than Russia included Argentina ($1.91B), Chile ($1.16B), and Uruguay ($203M).

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

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 2022, Russia had a large net trade with Paraguay in the exports of Chemical Products ($118M), Mineral Products ($103M), and Machines ($9.14M).

During 2017, Paraguay had a large net trade with Russia in the exports of Animal Products ($306M), Vegetable Products ($47M), and Animal and Vegetable Bi-Products ($3.55M).

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) (2022)

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