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Pricing

2022
Flag → Flag
Exports $1.7BRnk 69 / 219
2022
Flag → Flag
Top Product $512MRefined Petroleum
2022
Flag → Flag
Exports $265MRnk 5 / 158
2022
Flag → Flag
Top Product $35.3MOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

United States-Paraguay Trade: In 2022, United States exported $1.7B to Paraguay. The main products that United States exported to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). Over the past 5 years the exports of United States to Paraguay have decreased at an annualized rate of 1.01%, from $1.79B in 2017 to $1.7B in 2022.

In 2022, United States did not export any services to Paraguay.

Paraguay-United States Trade: In 2022, Paraguay exported $265M to United States. The main products that Paraguay exported to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). Over the past 5 years the exports of Paraguay to United States have increased at an annualized rate of 15.6%,  from $128M in 2017 to $265M in 2022.

In 2022, Paraguay did not export any services to United States.

Comparison: In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Company data: In 2023, leading companies such as Givaudan Fragrances (5) were at the forefront of exporting goods from Paraguay to the United States. Conversely, Other (5) were notable for importing products to Paraguay from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $229M and imported $31M from Paraguay, resulting in a positive trade balance of $198M. Between August 2023 and August 2024 the exports of United States have increased by $17.9M (8.46%) from $211M to $229M, while imports increased by $10.3M (50%) from $20.6M to $31M.

Trade In August 2024, the top exports of United States to Paraguay were Telephones ($148M), Computers ($19M), Blank Audio Media ($6.91M), Microphones and Headphones ($4.35M), and Video and Card Games ($4.22M). In August 2024 the top imports of United States from Paraguay were Other Inedible Animal Products ($6.61M), Other Oily Seeds ($4.32M), Gelatin ($2.33M), Wood Charcoal ($1.28M), and Non-Knit Women's Suits ($1.17M).

Origins In August 2024 the exports of United States were mainly from Florida ($150M), California ($13M), Wyoming ($7.74M), New York ($6.72M), and New Jersey ($6.6M), while imports destinations were mainly California ($6.03M), Florida ($5.33M), Pennsylvania ($4.79M), New Jersey ($4.33M), and Kansas ($3.66M).

Growth In August 2024, the increase in United States's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Telephones ($67M or 82.7%), Blank Audio Media ($3.66M or 113%), and Harvesting Machinery ($2.39M or 712%). In August 2024, the increase in United States's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Other Inedible Animal Products ($4.4M or 199%), Wood Charcoal ($968k or 315%), and Other Oily Seeds ($950k or 28.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$17.9M(8.46%)
IMPORT GROWTH (August 2023 - August 2024)$10.3M(50%)
MAIN EXPORTER (August 2024)Florida$150M

This section shows exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of United States over time.

To check Paraguay and United States trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and United States Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $1.7B to Paraguay. The main products exported from United States to Paraguay were Refined Petroleum ($512M), Broadcasting Equipment ($412M), and Computers ($90.8M). During the last 5 years the exports of United States to Paraguay have decreased at an annualized rate of 1.01%, from $1.79B in 2017 to $1.7B in 2022.

In 2017, Paraguay exported $265M to United States. The main products exported from Paraguay to United States were Other Oily Seeds ($35.3M), Raw Sugar ($33.5M), and Other Leather Articles ($28.6M). During the last 5 years the exports of Paraguay to United States have increased at an annualized rate of 15.6%, from $128M in 2022 to $265M in 2017.

Exports from United States (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from United States than Paraguay included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, no countries were registered that imported more from Paraguay than from United States.

Difference in imports from Paraguay (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Paraguay

Flow
Scale

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

During 2022, United States had a large net trade with Paraguay in the exports of Machines ($752M), Mineral Products ($523M), and Chemical Products ($172M).

During 2017, Paraguay had a large net trade with United States in the exports of Foodstuffs ($58.3M), Vegetable Products ($46.3M), and Animal Hides ($35.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Paraguay+$23.6MCars
Top Product Potential Paraguay United States+$18.1MInsulated Wire

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

Product Space of United States (Flag) and Paraguay (Flag) (2022)

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