2022
Flag  
GDP
$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH
40.3%CURRENT US$
Rnk 82 / 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 
$48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH
20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

New Zealand-Paraguay Trade: In 2022, New Zealand exported $1.86M to Paraguay. The main products that New Zealand exported to Paraguay were Therapeutic Appliances ($715k), Knit T-shirts ($182k), and Non-Knit Men's Coats ($171k). Over the past 5 years the exports of New Zealand to Paraguay have increased at an annualized rate of 14.3%, from $952k in 2017 to $1.86M in 2022.

In 2022, New Zealand did not export any services to Paraguay.

Paraguay-New Zealand Trade: In 2022, Paraguay exported $1.3M to New Zealand. The main products that Paraguay exported to New Zealand were Other Oily Seeds ($701k), Raw Sugar ($245k), and Wood Charcoal ($175k). Over the past 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 23.1%,  from $459k in 2017 to $1.3M in 2022.

In 2022, Paraguay did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). 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 2022, New Zealand exported $1.86M to Paraguay. The main products exported from New Zealand to Paraguay were Therapeutic Appliances ($715k), Knit T-shirts ($182k), and Non-Knit Men's Coats ($171k). During the last 5 years the exports of New Zealand to Paraguay have increased at an annualized rate of 14.3%, from $952k in 2017 to $1.86M in 2022.

In 2017, Paraguay exported $1.3M to New Zealand. The main products exported from Paraguay to New Zealand were Other Oily Seeds ($701k), Raw Sugar ($245k), and Wood Charcoal ($175k). During the last 5 years the exports of Paraguay to New Zealand have increased at an annualized rate of 23.1%, from $459k in 2022 to $1.3M in 2017.

Exports from New Zealand (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Paraguay (Flag)

New Zealand Exports

Paraguay Exports

Market Competitiveness

Color
New Zealand
Top Destination
China$13.1B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from New Zealand than Paraguay included China ($13.1B), Australia ($5.35B), and United States ($5.07B).

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

Difference in imports from Paraguay (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Paraguay

Flow
Scale

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

During 2022, New Zealand had a large net trade with Paraguay in the exports of Instruments ($763k), Textiles ($357k), and Machines ($213k).

During 2017, Paraguay had a large net trade with New Zealand in the exports of Vegetable Products ($710k), Foodstuffs ($396k), and Wood Products ($175k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Paraguay+$163kVaccines, blood, antisera, toxins and cultures
Top Product Potential Paraguay New Zealand+$220kRaw Sugar

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

Product Space of New Zealand (Flag) and Paraguay (Flag) (2022)

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