Ireland (IRL) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Ireland-Paraguay Trade: In 2022, Ireland exported $19.5M to Paraguay. The main products that Ireland exported to Paraguay were Vaccines, blood, antisera, toxins and cultures ($8.45M), Packaged Medicaments ($6.01M), and Other Plastic Products ($1.85M). Over the past 5 years the exports of Ireland to Paraguay have increased at an annualized rate of 39.9%, from $3.64M in 2017 to $19.5M in 2022.

In 2022, Ireland did not export any services to Paraguay.

Paraguay-Ireland Trade: In 2022, Paraguay exported $46M to Ireland. The main products that Paraguay exported to Ireland were Soybean Meal ($45.6M), Other Oily Seeds ($193k), and Non-Knit Women's Suits ($65.4k). Over the past 5 years the exports of Paraguay to Ireland have increased at an annualized rate of 73.6%, from $2.92M in 2017 to $46M in 2022.

In 2022, Paraguay did not export any services to Ireland.

Comparison: In 2022, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

N/A

About

Overview In N/A, Ireland exported €N/A and imported €N/A from Paraguay, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Paraguay were . In N/A the top imports of Ireland from Paraguay were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Paraguay was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

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

To check Paraguay and Ireland trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $19.5M to Paraguay. The main products exported from Ireland to Paraguay were Vaccines, blood, antisera, toxins and cultures ($8.45M), Packaged Medicaments ($6.01M), and Other Plastic Products ($1.85M). During the last 5 years the exports of Ireland to Paraguay have increased at an annualized rate of 39.9%, from $3.64M in 2017 to $19.5M in 2022.

In 2017, Paraguay exported $46M to Ireland. The main products exported from Paraguay to Ireland were Soybean Meal ($45.6M), Other Oily Seeds ($193k), and Non-Knit Women's Suits ($65.4k). During the last 5 years the exports of Paraguay to Ireland have increased at an annualized rate of 73.6%, from $2.92M in 2022 to $46M in 2017.

Exports from Ireland () to Paraguay () (2022)

Exports from Paraguay () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Ireland than Paraguay included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2022, countries that imported more from Paraguay than Ireland included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay () and Ireland () (2022)

Comparative Advantage Ireland - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Paraguay in the exports of Chemical Products ($14.6M), Plastics and Rubbers ($2.57M), and Instruments ($1.18M).

During 2017, Paraguay had a large net trade with Ireland in the exports of Foodstuffs ($45.6M), Vegetable Products ($195k), and Textiles ($76.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ireland Paraguay+$5.78MVaccines, blood, antisera, toxins and cultures

Top Product Potential Paraguay Ireland+$158kVaccines, blood, antisera, toxins and cultures

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Paraguay () (2022)

Exports from Paraguay () to Ireland () (2022)

Market Competitiveness

Difference in imports from Paraguay () and Ireland () (2022)

Comparative Advantage Ireland - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ireland () and Paraguay () (2022)

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