2022
Flag  
GDP
$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH
1.45%CURRENT US$
Rnk 164 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH
-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%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 2022, Russia did not export any services to Paraguay.

Paraguay-Russia In N/A, Paraguay did not export any products to Russia.

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).

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.

Paraguay does not register exports to Russia. The main products exported from Paraguay to Russia were Frozen Bovine Meat ($263M), Soybeans ($46M), and Edible Offal ($36.4M).

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

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

Market Competitiveness

Color
Russia
Top Destination
China$101B
Paraguay
Top Destination
Brazil$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 N/A.

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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