2022
Flag  
GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
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GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
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About

Iraq-Paraguay Trade: In 2018, Iraq exported $18.7k to Paraguay. The main products that Iraq exported to Paraguay were N/A. Over the past 22 years the exports of Iraq to Paraguay have increased at an annualized rate of 0.41%, from $17.1k in 1996 to $18.7k in 2018.

In 2018, Iraq did not export any services to Paraguay.

Paraguay-Iraq Trade: In 2018, Paraguay exported $2.7M to Iraq. The main products that Paraguay exported to Iraq were Frozen Bovine Meat ($2.59M), Poultry Meat ($70.2k), and Other Oily Seeds ($39.9k). Over the past 22 years the exports of Paraguay to Iraq have decreased at an annualized rate of 26.4%,  from $12.5M in 1996 to $2.7M in 2018.

In 2018, Paraguay did not export any services to Iraq.

Comparison: In 2022,  Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2018, Iraq exported $18.7k to Paraguay. There were not main exports from Iraq to Paraguay in 2018. During the last 22 years the exports of Iraq to Paraguay have increased at an annualized rate of 0.41%, from $17.1k in 1996 to $18.7k in 2018.

In 2017, Paraguay exported $2.7M to Iraq. The main products exported from Paraguay to Iraq were Frozen Bovine Meat ($2.59M), Poultry Meat ($70.2k), and Other Oily Seeds ($39.9k). During the last 5 years the exports of Paraguay to Iraq have decreased at an annualized rate of 26.4%, from $12.5M in 2022 to $2.7M in 2017.

Exports from Iraq (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Iraq (Flag) (2022)

Latest Data

Trade between Iraq (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Iraq
Top Destination
India$38.8B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Iraq than Paraguay included India ($38.8B), China ($34B), and United States ($10.3B).

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

Difference in imports from Paraguay (Flag) and Iraq (Flag) (2022)

Comparative Advantage Iraq - Paraguay

Flow
Scale

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

During 2018, Iraq had a large net trade with Paraguay in the exports of .

During 2017, Paraguay had a large net trade with Iraq in the exports of Animal Products ($2.66M) and Vegetable Products ($39.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iraq Paraguay+$6.08kRefined Petroleum
Top Product Potential Paraguay Iraq+$1.35MFrozen Bovine Meat

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

Product Space of Iraq (Flag) and Paraguay (Flag) (2022)

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