2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$460BCURRENT US$
Rnk 34 / 186
2012-2022
Flag
GDP GROWTH
245%CURRENT US$
Rnk 2 / 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
$2,688CURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP PC GROWTH
207%CURRENT US$
Rnk 2 / 186

About

Paraguay-Bangladesh Trade: In 2022, Paraguay exported $43.7M to Bangladesh. The main products that Paraguay exported to Bangladesh were Soybean Oil ($40.7M), Raw Cotton ($2.48M), and Other Oily Seeds ($550k). Over the past 5 years the exports of Paraguay to Bangladesh have decreased at an annualized rate of 17.6%, from $115M in 2017 to $43.7M in 2022.

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

Bangladesh-Paraguay Trade: In 2022, Bangladesh exported $6.69M to Paraguay. The main products that Bangladesh exported to Paraguay were Knit T-shirts ($1.14M), Non-Knit Women's Suits ($970k), and Non-Knit Men's Suits ($748k). Over the past 5 years the exports of Bangladesh to Paraguay have increased at an annualized rate of 20.5%,  from $2.64M in 2017 to $6.69M in 2022.

In 2022, Bangladesh 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, Bangladesh ranked 101 in the Economic Complexity Index (ECI -0.82), and 52 in total exports ($64.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $43.7M to Bangladesh. The main products exported from Paraguay to Bangladesh were Soybean Oil ($40.7M), Raw Cotton ($2.48M), and Other Oily Seeds ($550k). During the last 5 years the exports of Paraguay to Bangladesh have decreased at an annualized rate of 17.6%, from $115M in 2017 to $43.7M in 2022.

In 2017, Bangladesh exported $6.69M to Paraguay. The main products exported from Bangladesh to Paraguay were Knit T-shirts ($1.14M), Non-Knit Women's Suits ($970k), and Non-Knit Men's Suits ($748k). During the last 5 years the exports of Bangladesh to Paraguay have increased at an annualized rate of 20.5%, from $2.64M in 2022 to $6.69M in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and Bangladesh (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Bangladesh
Top Destination
United States$11.7B

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

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

In 2022, countries that imported more from Bangladesh than Paraguay included United States ($11.7B), Germany ($10.2B), and United Kingdom ($4.86B).

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

Comparative Advantage Paraguay - Bangladesh

Flow
Scale

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

During 2022, Paraguay had a large net trade with Bangladesh in the exports of Animal and Vegetable Bi-Products ($40.7M), Textiles ($2.48M), and Vegetable Products ($550k).

During 2017, Bangladesh had a large net trade with Paraguay in the exports of Textiles ($5.38M), Footwear and Headwear ($628k), and Chemical Products ($608k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Bangladesh+$1.17MRaw Cotton
Top Product Potential Bangladesh Paraguay+$1.52MKnit T-shirts

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

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

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