2022
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GDP
$301BCURRENT US$
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2012-2022
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GDP GROWTH
68.2%CURRENT US$
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2022
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 GDP
$41.7BCURRENT US$
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2012-2022
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GDP GROWTH
25.3%CURRENT US$
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2022
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GDP PC 
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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2022
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GDP PC
$6,153CURRENT US$
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2012-2022
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GDP PC GROWTH
9.46%CURRENT US$
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About

Romania-Paraguay Trade: In 2022, Romania exported $6.33M to Paraguay. The main products that Romania exported to Paraguay were Telephones ($1.57M), Packaged Medicaments ($1.06M), and Insulated Wire ($506k). Over the past 5 years the exports of Romania to Paraguay have increased at an annualized rate of 28.6%, from $1.8M in 2017 to $6.33M in 2022.

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

Paraguay-Romania Trade: In 2022, Paraguay exported $73.1k to Romania. The main products that Paraguay exported to Romania were Other Oily Seeds ($46.4k), Oscilloscopes ($8.64k), and Plastic Pipes ($8.25k). Over the past 5 years the exports of Paraguay to Romania have decreased at an annualized rate of 29.3%,  from $587k in 2017 to $73.1k in 2022.

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

Comparison: In 2022,  Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B). 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, Romania exported $6.33M to Paraguay. The main products exported from Romania to Paraguay were Telephones ($1.57M), Packaged Medicaments ($1.06M), and Insulated Wire ($506k). During the last 5 years the exports of Romania to Paraguay have increased at an annualized rate of 28.6%, from $1.8M in 2017 to $6.33M in 2022.

In 2017, Paraguay exported $73.1k to Romania. The main products exported from Paraguay to Romania were Other Oily Seeds ($46.4k), Oscilloscopes ($8.64k), and Plastic Pipes ($8.25k). During the last 5 years the exports of Paraguay to Romania have decreased at an annualized rate of 29.3%, from $587k in 2022 to $73.1k in 2017.

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

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

Latest Data

Trade between Romania (Flag) and Paraguay (Flag)

Romania Exports

Paraguay Exports

Market Competitiveness

Color
Romania
Top Destination
Germany$18.8B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Romania than Paraguay included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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

Comparative Advantage Romania - Paraguay

Flow
Scale

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

During 2022, Romania had a large net trade with Paraguay in the exports of Machines ($3.65M), Chemical Products ($1.08M), and Transportation ($595k).

During 2017, Paraguay had a large net trade with Romania in the exports of Vegetable Products ($46.4k), Plastics and Rubbers ($10.3k), and Instruments ($8.64k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Romania Paraguay+$2.13MTelephones
Top Product Potential Paraguay Romania+$94.3kOther Oily Seeds

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

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

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