North Macedonia (MKD) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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North Macedonia-Paraguay Trade: In 2022, North Macedonia exported $306k to Paraguay. The main products that North Macedonia exported to Paraguay were Raw Tobacco ($285k), Precious Metal Compounds ($12.5k), and Felt or Coated Fabric Garments ($2.01k). Over the past 5 years the exports of North Macedonia to Paraguay have increased at an annualized rate of 109%, from $7.65k in 2017 to $306k in 2022.

In 2022, North Macedonia did not export any services to Paraguay.

Paraguay-North Macedonia Trade: In 2022, Paraguay exported $5.88M to North Macedonia. The main products that Paraguay exported to North Macedonia were Frozen Bovine Meat ($4.96M), Edible Offal ($702k), and Bovine, Sheep, and Goat Fat ($78.4k). Over the past 5 years the exports of Paraguay to North Macedonia have increased at an annualized rate of 173%, from $38.6k in 2017 to $5.88M in 2022.

In 2022, Paraguay did not export any services to North Macedonia.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $306k to Paraguay. The main products exported from North Macedonia to Paraguay were Raw Tobacco ($285k), Precious Metal Compounds ($12.5k), and Felt or Coated Fabric Garments ($2.01k). During the last 5 years the exports of North Macedonia to Paraguay have increased at an annualized rate of 109%, from $7.65k in 2017 to $306k in 2022.

In 2017, Paraguay exported $5.88M to North Macedonia. The main products exported from Paraguay to North Macedonia were Frozen Bovine Meat ($4.96M), Edible Offal ($702k), and Bovine, Sheep, and Goat Fat ($78.4k). During the last 5 years the exports of Paraguay to North Macedonia have increased at an annualized rate of 173%, from $38.6k in 2022 to $5.88M in 2017.

Exports from North Macedonia () to Paraguay () (2022)

Exports from Paraguay () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Paraguay ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from North Macedonia than Paraguay included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Difference in imports from Paraguay () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Paraguay in the exports of Foodstuffs ($285k), Chemical Products ($12.5k), and Textiles ($6.65k).

During 2017, Paraguay had a large net trade with North Macedonia in the exports of Animal Products ($5.66M), Vegetable Products ($118k), and Animal and Vegetable Bi-Products ($102k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Paraguay+$143kRaw Tobacco

Top Product Potential Paraguay North Macedonia+$51.8kBovine, Sheep, and Goat Fat

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Paraguay () (2022)

Exports from Paraguay () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Paraguay ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Paraguay () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Paraguay () (2022)

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