2023
Exports
$312MWorld Rnk 54 / 223
Flag Rnk 9 / 767
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$183MWorld Rnk 73 / 225
Flag Rnk 14 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2023, Paraguay exported $312M in Insulated Wire, making it the 54th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 9th most exported product in Paraguay. The main destination of Insulated Wire exports from Paraguay are: Brazil ($226M), Argentina ($75.3M), United States ($9.05M), Bolivia ($1.02M), and Canada ($125k).

The fastest growing export markets for Insulated Wire of Paraguay between 2022 and 2023 were Brazil ($29.8M), Argentina ($2.29M), and United States ($703k).

Imports In 2023, Paraguay imported $183M in Insulated Wire, becoming the 73rd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 14th most imported product in Paraguay. Paraguay imports Insulated Wire primarily from: Brazil ($95.2M), China ($28.3M), India ($15M), South Korea ($9.07M), and Mexico ($9.02M).

The fastest growing import markets in Insulated Wire for Paraguay between 2022 and 2023 were India ($13.1M), China ($3.84M), and Brazil ($2.87M).

Latest Trends

Jan 2025

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 Insulated Wire. 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)$312M
IMPORTS (2023)$183M
NET TRADE (2023)$129M

In 2023, Paraguay exported $312M in Insulated Wire. The main destinations of Paraguay exports on Insulated Wire were Brazil ($226M), Argentina ($75.3M), United States ($9.05M), Bolivia ($1.02M), and Canada ($125k).

In 2023, Paraguay imported $183M in Insulated Wire, mainly from Brazil ($95.2M), China ($28.3M), India ($15M), South Korea ($9.07M), and Mexico ($9.02M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Brazil$29.8M (15.2%)
Argentina$2.29M (3.14%)
United States$703k (8.43%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Paraguay WERE (2022 - 2023):
Bolivia-$696k (-40.5%)
Morocco-$27.1k (-100%)
South Korea-$26.1k (-85.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Insulated Wire were:
In 2023, Paraguay's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.1M
TOP IMPORT POTENTIALChina+ $12.5M

Insulated Wire’s highest export potential is United States. With an export gap of $18.1M.   Insulated Wire’s highest import potential is China with an import gap of $12.5M.

See methodology.

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