Saudi Arabia (SAU) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Paraguay Trade: In 2023, Saudi Arabia exported $85.5M to Paraguay. The main products that Saudi Arabia exported to Paraguay were Refined Petroleum ($71.9M), Mixed Mineral or Chemical Fertilizers ($11.1M), and Sulphur ($597k). Over the past 5 years the exports of Saudi Arabia to Paraguay have increased at an annualized rate of 42.6%, from $14.5M in 2018 to $85.5M in 2023.

In 2023, Saudi Arabia did not export any services to Paraguay.

Paraguay-Saudi Arabia Trade: In 2023, Paraguay exported $14.7M to Saudi Arabia. The main products that Paraguay exported to Saudi Arabia were Wood Charcoal ($6.47M), Corn ($3.71M), and Frozen Bovine Meat ($2.63M). Over the past 5 years the exports of Paraguay to Saudi Arabia have decreased at an annualized rate of 9.07%, from $23.7M in 2018 to $14.7M in 2023.

In 2023, Paraguay did not export any services to Saudi Arabia.

Comparison: In 2023, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Saudi Arabia exported $85.5M to Paraguay. The main products exported from Saudi Arabia to Paraguay were Refined Petroleum ($71.9M), Mixed Mineral or Chemical Fertilizers ($11.1M), and Sulphur ($597k). During the last 5 years the exports of Saudi Arabia to Paraguay have increased at an annualized rate of 42.6%, from $14.5M in 2018 to $85.5M in 2023.

In 2018, Paraguay exported $14.7M to Saudi Arabia. The main products exported from Paraguay to Saudi Arabia were Wood Charcoal ($6.47M), Corn ($3.71M), and Frozen Bovine Meat ($2.63M). During the last 5 years the exports of Paraguay to Saudi Arabia have decreased at an annualized rate of 9.07%, from $23.7M in 2023 to $14.7M in 2018.

Exports from Saudi Arabia () to Paraguay () (2023)

Exports from Paraguay () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Paraguay ()

Saudi Arabia Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$64.4B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Saudi Arabia than Paraguay included China ($64.4B), Japan ($34.7B), and India ($34.8B).

In 2023, countries that imported more from Paraguay than Saudi Arabia included Argentina ($4B), Chile ($1.26B), and Russia ($267M).

Difference in imports from Paraguay () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Saudi Arabia had a large net trade with Paraguay in the exports of Mineral Products ($72.5M), Chemical Products ($11.4M), and Plastics and Rubbers ($923k).

During 2018, Paraguay had a large net trade with Saudi Arabia in the exports of N/A.

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Paraguay+$17.3MRefined Petroleum

Top Product Potential Paraguay Saudi Arabia+$3.3MFrozen Bovine Meat

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Paraguay () (2023)

Exports from Paraguay () to Saudi Arabia () (2023)

Latest Data

Trade between Saudi Arabia () and Paraguay ()

Saudi Arabia Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Saudi Arabia () (2023)

Comparative Advantage Saudi Arabia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Paraguay () (2023)

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