Paraguay (PRY) and Israel (ISR) Trade | The Observatory of Economic Complexity

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Paraguay-Israel Trade: In 2022, Paraguay exported $144M to Israel. The main products that Paraguay exported to Israel were Frozen Bovine Meat ($101M), Corn ($21M), and Soybean Meal ($10.9M). Over the past 5 years the exports of Paraguay to Israel have increased at an annualized rate of 2.3%, from $129M in 2017 to $144M in 2022.

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

Israel-Paraguay Trade: In 2022, Israel exported $25M to Paraguay. The main products that Israel exported to Paraguay were Pesticides ($8.81M), Potassic Fertilizers ($7.26M), and Handguns ($1.31M). Over the past 5 years the exports of Israel to Paraguay have increased at an annualized rate of 13.9%, from $10.1M in 2017 to $25M in 2022.

In 2022, Israel 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $144M to Israel. The main products exported from Paraguay to Israel were Frozen Bovine Meat ($101M), Corn ($21M), and Soybean Meal ($10.9M). During the last 5 years the exports of Paraguay to Israel have increased at an annualized rate of 2.3%, from $129M in 2017 to $144M in 2022.

In 2017, Israel exported $25M to Paraguay. The main products exported from Israel to Paraguay were Pesticides ($8.81M), Potassic Fertilizers ($7.26M), and Handguns ($1.31M). During the last 5 years the exports of Israel to Paraguay have increased at an annualized rate of 13.9%, from $10.1M in 2022 to $25M in 2017.

Exports from Paraguay () to Israel () (2022)

Exports from Israel () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Israel ()

Paraguay Exports

Date

Israel Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Israel
Top DestinationUnited States$20.3B

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

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

In 2022, countries that imported more from Israel than Paraguay included United States ($20.3B), China ($5.53B), and Palestine ($4.6B).

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

Comparative Advantage Paraguay - Israel

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Israel in the exports of Animal Products ($102M), Vegetable Products ($23.9M), and Foodstuffs ($11M).

During 2017, Israel had a large net trade with Paraguay in the exports of Chemical Products ($17M), Machines ($2.15M), and Weapons ($2.05M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Israel+$2.68MCorn

Top Product Potential Israel Paraguay+$1.2MTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Israel () (2022)

Exports from Israel () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Israel ()

Paraguay Exports

Israel Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Israel

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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