2022
Flag  
GDP
$3.97BCURRENT US$
Rnk 156 / 186
2012-2022
Flag
GDP GROWTH
4.78%CURRENT US$
Rnk 156 / 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 
$461CURRENT US$
Rnk 184 / 186
2012-2022
Flag
GDP PC GROWTH
-17.3%CURRENT US$
Rnk 168 / 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

Sierra Leone-Paraguay Trade: In 2022, Sierra Leone exported $419 to Paraguay. The main products that Sierra Leone exported to Paraguay were Electrical Ignitions ($377), Knit Women's Undergarments ($31), and Iron Springs ($11). Over the past 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 59.2%, from $37.3k in 2017 to $419 in 2022.

In 2022, Sierra Leone did not export any services to Paraguay.

Paraguay-Sierra Leone Trade: In 2022, Paraguay exported $1.66M to Sierra Leone. The main products that Paraguay exported to Sierra Leone were Rice ($1.26M) and Edible Offal ($401k). Over the past 5 years the exports of Paraguay to Sierra Leone have decreased at an annualized rate of 4.15%,  from $2.64M in 2017 to $1.66M in 2022.

In 2022, Paraguay did not export any services to Sierra Leone.

Comparison In 2022,  Sierra Leone ranked 159 in total exports ($1.15B), and does not have data regarding Economic Complexity Index. 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, Sierra Leone exported $419 to Paraguay. The main products exported from Sierra Leone to Paraguay were Electrical Ignitions ($377), Knit Women's Undergarments ($31), and Iron Springs ($11). During the last 5 years the exports of Sierra Leone to Paraguay have decreased at an annualized rate of 59.2%, from $37.3k in 2017 to $419 in 2022.

In 2017, Paraguay exported $1.66M to Sierra Leone. The main products exported from Paraguay to Sierra Leone were Rice ($1.26M) and Edible Offal ($401k). During the last 5 years the exports of Paraguay to Sierra Leone have decreased at an annualized rate of 4.15%, from $2.64M in 2022 to $1.66M in 2017.

Exports from Sierra Leone (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Sierra Leone (Flag) (2022)

Latest Data

Trade between Sierra Leone (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Sierra Leone
Top Destination
China$622M
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Sierra Leone than Paraguay included China ($622M), Belgium ($136M), and United Arab Emirates ($64.6M).

In 2022, countries that imported more from Paraguay than Sierra Leone included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay (Flag) and Sierra Leone (Flag) (2022)

Comparative Advantage Sierra Leone - Paraguay

Flow
Scale

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

During 2022, Sierra Leone had a large net trade with Paraguay in the exports of Machines ($377), Textiles ($31), and Metals ($11).

During 2017, Paraguay had a large net trade with Sierra Leone in the exports of Vegetable Products ($1.26M) and Animal Products ($401k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sierra Leone Paraguay+$1.37kElectrical Ignitions
Top Product Potential Paraguay Sierra Leone+$328kRice

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

Product Space of Sierra Leone (Flag) and Paraguay (Flag) (2022)

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