2022
Exports
$64.3MWorld Rnk 80 / 217
Flag Rnk 17 / 790
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$173MWorld Rnk 118 / 224
Flag Rnk 10 / 1129
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $64.3M in Packaged Medicaments, making it the 80th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 17th most exported product in Paraguay. The main destination of Packaged Medicaments exports from Paraguay are: Bolivia ($11.2M), Peru ($8.89M), Ecuador ($8.86M), Mexico ($5.55M), and Brazil ($4.91M).

The fastest growing export markets for Packaged Medicaments of Paraguay between 2021 and 2022 were Mexico ($1.53M), Bolivia ($1.38M), and Colombia ($1.15M).

Imports In 2022, Paraguay imported $173M in Packaged Medicaments, becoming the 118th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most imported product in Paraguay. Paraguay imports Packaged Medicaments primarily from: Argentina ($38.5M), Chile ($21.4M), Brazil ($16.1M), Germany ($15M), and United States ($11.2M).

The fastest growing import markets in Packaged Medicaments for Paraguay between 2021 and 2022 were Ireland ($5.57M), Denmark ($5.31M), and Chile ($4.45M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$64.3M
IMPORTS (2022)$173M
NET TRADE (2022)-$109M

In 2022, Paraguay exported $64.3M in Packaged Medicaments. The main destinations of Paraguay exports on Packaged Medicaments were Bolivia ($11.2M), Peru ($8.89M), Ecuador ($8.86M), Mexico ($5.55M), and Brazil ($4.91M).

In 2022, Paraguay imported $173M in Packaged Medicaments, mainly from Argentina ($38.5M), Chile ($21.4M), Brazil ($16.1M), Germany ($15M), and United States ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Mexico$1.53M (37.9%)
Bolivia$1.38M (14.1%)
Colombia$1.15M (79.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Paraguay WERE (2021 - 2022):
Cuba-$247k (-85.7%)
Saudi Arabia-$189k (-100%)
Venezuela-$152k (-18.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Packaged Medicaments were:
In 2022, Paraguay's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $7.85M
TOP IMPORT POTENTIALGermany+ $11.6M

Packaged Medicaments’s highest export potential is Brazil. With an export gap of $7.85M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $11.6M.

See methodology.

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