2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH
111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH
102%CURRENT US$
Rnk 8 / 186

About

Paraguay-China Trade: In 2022, Paraguay exported $33.5M to China. The main products that Paraguay exported to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). Over the past 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%, from $29.3M in 2017 to $33.5M in 2022.

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

China-Paraguay Trade: In 2022, China exported $4.23B to Paraguay. The main products that China exported to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). Over the past 5 years the exports of China to Paraguay have increased at an annualized rate of 4.41%,  from $3.41B in 2017 to $4.23B in 2022.

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

Comparison: In 2022,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $33.5M to China. The main products exported from Paraguay to China were Tanned Equine and Bovine Hides ($12.2M), Scrap Copper ($6.78M), and Sawn Wood ($3.85M). During the last 5 years the exports of Paraguay to China have increased at an annualized rate of 2.72%, from $29.3M in 2017 to $33.5M in 2022.

In 2017, China exported $4.23B to Paraguay. The main products exported from China to Paraguay were Broadcasting Equipment ($1.04B), Computers ($229M), and Rubber Tires ($227M). During the last 5 years the exports of China to Paraguay have increased at an annualized rate of 4.41%, from $3.41B in 2022 to $4.23B in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and China (Flag)

Paraguay Exports

China Exports

Market Competitiveness

Color
Paraguay
Top Destination
N/AN/A
China
Top Destination
N/AN/A

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

N/A

N/A

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

Comparative Advantage Paraguay - China

Flow
Scale

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

During 2022, Paraguay had a large net trade with China in the exports of Animal Hides ($12.3M), Metals ($9M), and Wood Products ($7.48M).

During 2017, China had a large net trade with Paraguay in the exports of Machines ($2.34B), Chemical Products ($570M), and Plastics and Rubbers ($318M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay China+$7.71MScrap Copper
Top Product Potential China Paraguay+$49.4MComputers

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

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

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