2022
Flag  
GDP
$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH
58.2%CURRENT US$
Rnk 42 / 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 
$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH
49.1%CURRENT US$
Rnk 37 / 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

Singapore-Paraguay Trade: In 2022, Singapore exported $365M to Paraguay. The main products that Singapore exported to Paraguay were Refined Petroleum ($343M), Air Conditioners ($5.13M), and Polyacetals ($2.06M). Over the past 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 57.6%, from $37.5M in 2017 to $365M in 2022.

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

Paraguay-Singapore Trade: In 2022, Paraguay exported $73.9M to Singapore. The main products that Paraguay exported to Singapore were Alcohol > 80% ABV ($69.7M), Frozen Bovine Meat ($1.18M), and Essential Oils ($1.1M). Over the past 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 59.2%,  from $7.23M in 2017 to $73.9M in 2022.

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

Comparison: In 2022,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B). 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, Singapore exported $365M to Paraguay. The main products exported from Singapore to Paraguay were Refined Petroleum ($343M), Air Conditioners ($5.13M), and Polyacetals ($2.06M). During the last 5 years the exports of Singapore to Paraguay have increased at an annualized rate of 57.6%, from $37.5M in 2017 to $365M in 2022.

In 2017, Paraguay exported $73.9M to Singapore. The main products exported from Paraguay to Singapore were Alcohol > 80% ABV ($69.7M), Frozen Bovine Meat ($1.18M), and Essential Oils ($1.1M). During the last 5 years the exports of Paraguay to Singapore have increased at an annualized rate of 59.2%, from $7.23M in 2022 to $73.9M in 2017.

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

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

Latest Data

Trade between Singapore (Flag) and Paraguay (Flag)

Singapore Exports

Paraguay Exports

Market Competitiveness

Color
Singapore
Top Destination
Hong Kong$51.6B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Singapore than Paraguay included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

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

Comparative Advantage Singapore - Paraguay

Flow
Scale

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

During 2022, Singapore had a large net trade with Paraguay in the exports of Mineral Products ($344M), Machines ($11.9M), and Chemical Products ($3.18M).

During 2017, Paraguay had a large net trade with Singapore in the exports of Foodstuffs ($69.7M), Animal Products ($1.94M), and Chemical Products ($1.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Singapore Paraguay+$25.5MRefined Petroleum
Top Product Potential Paraguay Singapore+$1.04MFrozen Bovine Meat

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

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

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