2022
Exports
$1.66MWorld Rnk 121 / 210
Flag Rnk 147 / 790
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$651MWorld Rnk 84 / 224
Flag Rnk 3 / 1129
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $1.66M in Cars, making it the 121st largest exporter of Cars in the world. At the same year, Cars was the 147th most exported product in Paraguay. The main destination of Cars exports from Paraguay are: United States ($944k), Italy ($350k), United Kingdom ($129k), Brazil ($82.2k), and Uruguay ($75k).

The fastest growing export markets for Cars of Paraguay between 2021 and 2022 were United States ($829k), Italy ($350k), and United Kingdom ($129k).

Imports In 2022, Paraguay imported $651M in Cars, becoming the 84th largest importer of Cars in the world. At the same year, Cars was the 3rd most imported product in Paraguay. Paraguay imports Cars primarily from: Brazil ($163M), Chile ($136M), Japan ($98M), South Korea ($68.4M), and China ($37.3M).

The fastest growing import markets in Cars for Paraguay between 2021 and 2022 were Brazil ($51M), South Korea ($19M), and Argentina ($14.3M).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.66M
IMPORTS (2022)$651M
NET TRADE (2022)-$649M

In 2022, Paraguay exported $1.66M in Cars. The main destinations of Paraguay exports on Cars were United States ($944k), Italy ($350k), United Kingdom ($129k), Brazil ($82.2k), and Uruguay ($75k).

In 2022, Paraguay imported $651M in Cars, mainly from Brazil ($163M), Chile ($136M), Japan ($98M), South Korea ($68.4M), and China ($37.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
United States$829k (721%)
Italy$350k (1%)
United Kingdom$129k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Paraguay WERE (2021 - 2022):
Germany-$490k (-100%)
Uruguay-$117k (-61%)
Netherlands-$96.3k (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Cars were:
In 2022, Paraguay's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.17M
TOP IMPORT POTENTIALChina+ $26.5M

Cars’s highest export potential is United States. With an export gap of $2.17M.   Cars’s highest import potential is China with an import gap of $26.5M.

See methodology.

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