2023
Exports
$161kWorld Rnk 165 / 221
Flag Rnk 329 / 767
2023
PRODUCT COMPLEXITY IN Excavation Machinery
1.14Rnk 128 / 1025
2023
Imports
$14.8MWorld Rnk 136 / 224
Flag Rnk 160 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2023, Paraguay exported $161k in Excavation Machinery, making it the 165th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 329th most exported product in Paraguay. The main destination of Excavation Machinery exports from Paraguay are: Chile ($45.3k), Dominican Republic ($38k), United States ($32.5k), Bolivia ($18.9k), and Brazil ($9.24k).

The fastest growing export markets for Excavation Machinery of Paraguay between 2022 and 2023 were Dominican Republic ($35.5k), Chile ($26.8k), and Argentina ($8.43k).

Imports In 2023, Paraguay imported $14.8M in Excavation Machinery, becoming the 136th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 160th most imported product in Paraguay. Paraguay imports Excavation Machinery primarily from: Brazil ($4.86M), China ($4M), United States ($1.45M), Germany ($660k), and Mexico ($658k).

The fastest growing import markets in Excavation Machinery for Paraguay between 2022 and 2023 were Brazil ($782k), China ($534k), and Portugal ($236k).

Latest Trends

Dec 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 Excavation Machinery. 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 (2023)$161k
IMPORTS (2023)$14.8M
NET TRADE (2023)-$14.7M

In 2023, Paraguay exported $161k in Excavation Machinery. The main destinations of Paraguay exports on Excavation Machinery were Chile ($45.3k), Dominican Republic ($38k), United States ($32.5k), Bolivia ($18.9k), and Brazil ($9.24k).

In 2023, Paraguay imported $14.8M in Excavation Machinery, mainly from Brazil ($4.86M), China ($4M), United States ($1.45M), Germany ($660k), and Mexico ($658k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Dominican Republic$35.5k (1.4k%)
Chile$26.8k (145%)
Argentina$8.43k (56.2k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Paraguay WERE (2022 - 2023):
Mexico-$187k (-99.3%)
United States-$23.5k (-42%)
Uruguay-$5.82k (-88.1%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Excavation Machinery were:
In 2023, Paraguay's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $179k
TOP IMPORT POTENTIALChina+ $2.41M

Excavation Machinery’s highest export potential is United States. With an export gap of $179k.   Excavation Machinery’s highest import potential is China with an import gap of $2.41M.

See methodology.

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