Russia (RUS) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Russia (RUS) and Paraguay (PRY) Trade

2022

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Exports $240MRnk 80 / 138

2022

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About

Russia-Paraguay In 2022, Russia exported $240M to Paraguay. The main products that Russia exported to Paraguay are Refined Petroleum ($57.9M), Potassic Fertilizers ($52.7M), and Mixed Mineral or Chemical Fertilizers ($46.4M). During the last 27 years the exports of Russia to Paraguay have increased at an annualized rate of 38.5%, from $36k in 1995 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 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). During the last 27 years the exports of Paraguay to Russia have increased at an annualized rate of 33.4%, from $150k in 1995 to $356M in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Russia to Paraguay have increased at an annualized rate of 38.5%, from $36k in 1995 to $240M in 2022.

In 2022, 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 27 years the exports of Paraguay to Russia have increased at an annualized rate of 33.4%, from $150k in 1995 to $356M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Russia than Paraguay were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Paraguay than Russia were Argentina ($1.91B), Chile ($1.16B), and Uruguay ($203M).

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

Comparative Advantage Russia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, 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).

Service Trade

Bilateral Service Trade

Rus Year

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.

Service trade data is presented based on availability.

Services Exports from Russia () to Paraguay () (2020)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Russia has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Russia.

Product Space of Russia () and Paraguay () (2022)

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