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2022
Flag → Flag
Exports $110MRnk 116 / 221
2022
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Top Product $4MLiquid Pumps
2022
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Exports $87.6MRnk 16 / 158
2022
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Top Product $31.3MTanned Equine and Bovine Hides
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Italy-Paraguay In 2022, Italy exported $110M to Paraguay. The main products that Italy exported to Paraguay are Liquid Pumps ($4M), Perfumes ($3.8M), and Office Machine Parts ($3.48M). During the last 27 years the exports of Italy to Paraguay have increased at an annualized rate of 0.69%, from $91.4M in 1995 to $110M in 2022.

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

Paraguay-Italy In 2022, Paraguay exported $87.6M to Italy. The main products that Paraguay exported to Italy were Tanned Equine and Bovine Hides ($31.3M), Soybean Meal ($18.6M), and Frozen Bovine Meat ($14.4M). During the last 27 years the exports of Paraguay to Italy have increased at an annualized rate of 3.37%, from $35.8M in 1995 to $87.6M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €1.9M and imported €1.94M from Paraguay, resulting in a negative trade balance of €48.7k. Between December 2022 and December 2023 the exports of Italy have decreased by €-1.05M (-35.7%) from €2.95M to €1.9M, while imports decreased by €-5.63M (-74.3%) from €7.57M to €1.94M.

Growth In December 2023, the decrease in Italy's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in . In January 2024, the decrease in Italy's year-by-year imports  from Paraguay was explained primarily by an decrease in product imports  in N/A.

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-1.05M(-35.7%)
IMPORT GROWTH (January 2023 - January 2024)€-5.63M(-74.3%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Paraguay and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $110M to Paraguay. The main products exported from Italy to Paraguay were Liquid Pumps ($4M), Perfumes ($3.8M), and Office Machine Parts ($3.48M). During the last 27 years the exports of Italy to Paraguay have increased at an annualized rate of 0.69%, from $91.4M in 1995 to $110M in 2022.

In 2022, Paraguay exported $87.6M to Italy. The main products exported from Paraguay to Italy were Tanned Equine and Bovine Hides ($31.3M), Soybean Meal ($18.6M), and Frozen Bovine Meat ($14.4M). During the last 27 years the exports of Paraguay to Italy have increased at an annualized rate of 3.37%, from $35.8M in 1995 to $87.6M in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Paraguay
Top DestinationBrazil$3.67B

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

In 2021, countries that imported more from Italy than Paraguay were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2021, countries that imported more from Paraguay than Italy were Argentina ($1.91B).

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

Comparative Advantage Italy - Paraguay

Flow
Scale

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

During 2022, Italy had a large net trade with Paraguay in the exports of Machines ($48.3M), Chemical Products ($17.7M), and Instruments ($7.58M).

During 2022, Paraguay had a large net trade with Italy in the exports of Animal Hides ($31.3M), Foodstuffs ($20M), and Animal Products ($16.2M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Italy.

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

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