Thailand (THA) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Thailand-Paraguay Trade: In 2022, Thailand exported $51.5M to Paraguay. The main products that Thailand exported to Paraguay were Delivery Trucks ($21.8M), Cars ($3.27M), and Rubber Tires ($2.98M). Over the past 5 years the exports of Thailand to Paraguay have increased at an annualized rate of 4.58%, from $41.2M in 2017 to $51.5M in 2022.

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

Paraguay-Thailand Trade: In 2022, Paraguay exported $61.9M to Thailand. The main products that Paraguay exported to Thailand were Soybean Meal ($33.2M), Tanned Equine and Bovine Hides ($26.8M), and Scrap Iron ($1.01M). Over the past 5 years the exports of Paraguay to Thailand have increased at an annualized rate of 10.8%, from $37.2M in 2017 to $61.9M in 2022.

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

Comparison: In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Thailand exported $51.5M to Paraguay. The main products exported from Thailand to Paraguay were Delivery Trucks ($21.8M), Cars ($3.27M), and Rubber Tires ($2.98M). During the last 5 years the exports of Thailand to Paraguay have increased at an annualized rate of 4.58%, from $41.2M in 2017 to $51.5M in 2022.

In 2017, Paraguay exported $61.9M to Thailand. The main products exported from Paraguay to Thailand were Soybean Meal ($33.2M), Tanned Equine and Bovine Hides ($26.8M), and Scrap Iron ($1.01M). During the last 5 years the exports of Paraguay to Thailand have increased at an annualized rate of 10.8%, from $37.2M in 2022 to $61.9M in 2017.

Exports from Thailand () to Paraguay () (2022)

Exports from Paraguay () to Thailand () (2022)

Latest Data

Trade between Thailand () and Paraguay ()

Thailand Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Thailand than Paraguay included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Paraguay in the exports of Transportation ($26.8M), Machines ($11.1M), and Plastics and Rubbers ($6.4M).

During 2017, Paraguay had a large net trade with Thailand in the exports of Foodstuffs ($33.2M), Animal Hides ($26.8M), and Metals ($1.26M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Thailand Paraguay+$5.2MCars

Top Product Potential Paraguay Thailand+$1.07MSoybean Meal

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Paraguay () (2022)

Exports from Paraguay () to Thailand () (2022)

Latest Data

Trade between Thailand () and Paraguay ()

Thailand Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Thailand - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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