Turkey (TUR) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Turkey-Paraguay Trade: In 2023, Turkey exported $58.1M to Paraguay. The main products that Turkey exported to Paraguay were Hot-Rolled Iron Bars ($8.73M), Iron Blocks ($5.02M), and Refined Petroleum ($4.19M). Over the past 5 years the exports of Turkey to Paraguay have decreased at an annualized rate of 3.5%, from $69.5M in 2018 to $58.1M in 2023.

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

Paraguay-Turkey Trade: In 2023, Paraguay exported $31.9M to Turkey. The main products that Paraguay exported to Turkey were Soybean Meal ($17.1M), Other Oily Seeds ($6.45M), and Gold ($3.25M). Over the past 5 years the exports of Paraguay to Turkey have decreased at an annualized rate of 17.8%, from $84.8M in 2018 to $31.9M in 2023.

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

Comparison: In 2023, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B). 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, Turkey exported $58.1M to Paraguay. The main products exported from Turkey to Paraguay were Hot-Rolled Iron Bars ($8.73M), Iron Blocks ($5.02M), and Refined Petroleum ($4.19M). During the last 5 years the exports of Turkey to Paraguay have decreased at an annualized rate of 3.5%, from $69.5M in 2018 to $58.1M in 2023.

In 2018, Paraguay exported $31.9M to Turkey. The main products exported from Paraguay to Turkey were Soybean Meal ($17.1M), Other Oily Seeds ($6.45M), and Gold ($3.25M). During the last 5 years the exports of Paraguay to Turkey have decreased at an annualized rate of 17.8%, from $84.8M in 2023 to $31.9M in 2018.

Exports from Turkey () to Paraguay () (2023)

Exports from Paraguay () to Turkey () (2023)

Latest Data

Trade between Turkey () and Paraguay ()

Turkey Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Turkey
Top DestinationGermany$24.7B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Turkey than Paraguay included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Difference in imports from Paraguay () and Turkey () (2023)

Comparative Advantage Turkey - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Turkey had a large net trade with Paraguay in the exports of Metals ($19.8M), Machines ($12.4M), and Textiles ($7.12M).

During 2018, Paraguay had a large net trade with Turkey in the exports of Foodstuffs ($17.3M), Vegetable Products ($7.87M), and Precious Metals ($3.25M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Turkey Paraguay+$2.53MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Paraguay Turkey+$1.68MOther Oily Seeds

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

About

Historical Data

Bilateral Trade by Products

Exports from Turkey () to Paraguay () (2023)

Exports from Paraguay () to Turkey () (2023)

Latest Data

Trade between Turkey () and Paraguay ()

Turkey Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Turkey () (2023)

Comparative Advantage Turkey - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Turkey () and Paraguay () (2023)

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