2022
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GDP
$41.7BCURRENT US$
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2012-2022
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GDP GROWTH
25.3%CURRENT US$
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2022
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 GDP
$2.14TCURRENT US$
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2012-2022
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GDP GROWTH
17%CURRENT US$
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2022
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GDP PC 
$6,153CURRENT US$
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2012-2022
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GDP PC GROWTH
9.46%CURRENT US$
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2022
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GDP PC
$54,966CURRENT US$
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2012-2022
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GDP PC GROWTH
4.36%CURRENT US$
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About

Paraguay-Canada In 2022, Paraguay exported $18.4M to Canada. The main products that Paraguay exported to Canada are Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). During the last 27 years the exports of Paraguay to Canada have increased at an annualized rate of 6.97%, from $2.98M in 1995 to $18.4M in 2022.

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

Canada-Paraguay In 2022, Canada exported $111M to Paraguay. The main products that Canada exported to Paraguay were Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). During the last 27 years the exports of Canada to Paraguay have increased at an annualized rate of 7.35%, from $16.3M in 1995 to $111M in 2022.

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

Comparison In 2022,  Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), and 103 in total exports ($10.1B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $18.4M to Canada. The main products exported from Paraguay to Canada were Ferroalloys ($10.5M), Other Oily Seeds ($2.71M), and Raw Sugar ($924k). During the last 18 years the exports of Paraguay to Canada have increased at an annualized rate of 15.1%, from $1.39M in 2004 to $18.4M in 2022.

In 2022, Canada exported $111M to Paraguay. The main products exported from Canada to Paraguay were Potassic Fertilizers ($86.3M), Harvesting Machinery ($4.53M), and Other Electrical Machinery ($2.58M). During the last 26 years the exports of Canada to Paraguay have increased at an annualized rate of 40%, from $1.58k in 1996 to $111M in 2022.

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

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

Latest Data

Trade between Paraguay (Flag) and Canada (Flag)

Paraguay Exports

Canada Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Canada
Top Destination
United States$438B

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

In 2021, countries that imported more from Paraguay than Canada were Argentina ($1.91B), Chile ($1.16B), and Russia ($356M).

In 2021, countries that imported more from Canada than Paraguay were United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Paraguay - Canada

Flow
Scale

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

During 2022, Paraguay had a large net trade with Canada in the exports of Metals ($10.8M), Vegetable Products ($4.03M), and Foodstuffs ($1.39M).

During 2022, Canada had a large net trade with Paraguay in the exports of Chemical Products ($90.1M), Machines ($13.2M), and Paper Goods ($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 Paraguay has comparative advantage over Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Paraguay.

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

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