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2023
Flag → Flag
Exports $80.4MRnk 102 / 216
2023
Flag → Flag
Top Product $32.5MOther Electrical Machinery
2023
Flag → Flag
Exports $33.7MRnk 26 / 153
2023
Flag → Flag
Top Product $28.9MTanned Equine and Bovine Hides
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $7,182CURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Thailand-Paraguay Trade: In 2023, Thailand exported $80.4M to Paraguay. The main products that Thailand exported to Paraguay were Other Electrical Machinery ($32.5M), Delivery Trucks ($16.4M), and Office Machine Parts ($3.73M). Over the past 5 years the exports of Thailand to Paraguay have increased at an annualized rate of 6.71%, from $58.1M in 2018 to $80.4M in 2023.

In 2023, Thailand did not export any services to Paraguay.

Paraguay-Thailand Trade: In 2023, Paraguay exported $33.7M to Thailand. The main products that Paraguay exported to Thailand were Tanned Equine and Bovine Hides ($28.9M), Starch Residue ($1.55M), and Scrap Aluminium ($1.48M). Over the past 5 years the exports of Paraguay to Thailand have decreased at an annualized rate of 2.9%,  from $39M in 2018 to $33.7M in 2023.

In 2023, Paraguay did not export any services to Thailand.

Comparison: In 2023,  Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B). 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
Value

In 2023, Thailand exported $80.4M to Paraguay. The main products exported from Thailand to Paraguay were Other Electrical Machinery ($32.5M), Delivery Trucks ($16.4M), and Office Machine Parts ($3.73M). During the last 5 years the exports of Thailand to Paraguay have increased at an annualized rate of 6.71%, from $58.1M in 2018 to $80.4M in 2023.

In 2018, Paraguay exported $33.7M to Thailand. The main products exported from Paraguay to Thailand were Tanned Equine and Bovine Hides ($28.9M), Starch Residue ($1.55M), and Scrap Aluminium ($1.48M). During the last 5 years the exports of Paraguay to Thailand have decreased at an annualized rate of 2.9%, from $39M in 2023 to $33.7M in 2018.

Exports from Thailand (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Thailand (Flag) (2023)

Latest Data

Trade between Thailand (Flag) and Paraguay (Flag)

Thailand Exports

Paraguay Exports

Market Competitiveness

Color
Thailand
Top DestinationUnited States$58.5B
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Thailand than Paraguay included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

In 2023, countries that imported more from Paraguay than Thailand included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay (Flag) and Thailand (Flag) (2023)

Comparative Advantage Thailand - Paraguay

Flow
Scale

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

During 2023, Thailand had a large net trade with Paraguay in the exports of Machines ($48.3M), Transportation ($20.7M), and Plastics and Rubbers ($6.2M).

During 2018, Paraguay had a large net trade with Thailand in the exports of Animal Hides ($28.9M), Foodstuffs ($2.56M), and Metals ($1.72M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Thailand Paraguay+$5.2MCars
Top Product Potential Paraguay Thailand+$1.07MSoybean Meal

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

Product Space of Thailand (Flag) and Paraguay (Flag) (2023)

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