2022
Flag  
GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 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 
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 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

Norway-Paraguay In 2022, Norway exported $1.29M to Paraguay. The main products that Norway exported to Paraguay are Integrated Circuits ($382k), Packaged Medicaments ($170k), and Medical Instruments ($136k). During the last 27 years the exports of Norway to Paraguay have increased at an annualized rate of 5.52%, from $303k in 1995 to $1.29M in 2022.

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

Paraguay-Norway In 2022, Paraguay exported $1.17M to Norway. The main products that Paraguay exported to Norway were Other Oily Seeds ($621k), Wood Charcoal ($212k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($124k). During the last 27 years the exports of Paraguay to Norway have increased at an annualized rate of 1.78%, from $727k in 1995 to $1.17M in 2022.

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

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). 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, Norway exported $1.29M to Paraguay. The main products exported from Norway to Paraguay were Integrated Circuits ($382k), Packaged Medicaments ($170k), and Medical Instruments ($136k). During the last 27 years the exports of Norway to Paraguay have increased at an annualized rate of 5.52%, from $303k in 1995 to $1.29M in 2022.

In 2022, Paraguay exported $1.17M to Norway. The main products exported from Paraguay to Norway were Other Oily Seeds ($621k), Wood Charcoal ($212k), and Twine, cordage or rope; knotted netting, made up fishing nets and other made up nets, of textile materials ($124k). During the last 27 years the exports of Paraguay to Norway have increased at an annualized rate of 1.78%, from $727k in 1995 to $1.17M in 2022.

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

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

Market Competitiveness

Color
Norway
Top Destination
Germany$78.1B
Paraguay
Top Destination
Brazil$3.67B

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

In 2021, countries that imported more from Norway than Paraguay were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from Paraguay than Norway were Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Norway - Paraguay

Flow
Scale

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

During 2022, Norway had a large net trade with Paraguay in the exports of Machines ($504k), Chemical Products ($457k), and Instruments ($157k).

During 2022, Paraguay had a large net trade with Norway in the exports of Vegetable Products ($622k), Wood Products ($218k), and Textiles ($178k).

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 Norway has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Norway.

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

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