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2022
Flag → Flag
Exports $5.82MRnk 58 / 158
2022
Flag → Flag
Top Product $4.75MPackaged Medicaments
2022
Flag → Flag
Exports $9.11MRnk 50 / 153
2022
Flag → Flag
Top Product $1.38MWater and Gas Generators
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
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Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
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$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH89.3%CURRENT US$
Rnk 19 / 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
2022
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GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
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GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Paraguay-Panama In 2022, Paraguay exported $5.82M to Panama. The main products that Paraguay exported to Panama are Packaged Medicaments ($4.75M), Leather Footwear ($411k), and Textile Footwear ($83k). During the last 27 years the exports of Paraguay to Panama have increased at an annualized rate of 9.91%, from $454k in 1995 to $5.82M in 2022.

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

Panama-Paraguay In 2022, Panama exported $9.11M to Paraguay. The main products that Panama exported to Paraguay were Water and Gas Generators ($1.38M), Other Nitrogen Compounds ($830k), and Video Recording Equipment ($643k). During the last 27 years the exports of Panama to Paraguay have decreased at an annualized rate of 0.053%, from $9.24M in 1995 to $9.11M in 2022.

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

Comparison In 2022,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $5.82M to Panama. The main products exported from Paraguay to Panama were Packaged Medicaments ($4.75M), Leather Footwear ($411k), and Textile Footwear ($83k). During the last 27 years the exports of Paraguay to Panama have increased at an annualized rate of 9.91%, from $454k in 1995 to $5.82M in 2022.

In 2022, Panama exported $9.11M to Paraguay. The main products exported from Panama to Paraguay were Water and Gas Generators ($1.38M), Other Nitrogen Compounds ($830k), and Video Recording Equipment ($643k). During the last 27 years the exports of Panama to Paraguay have decreased at an annualized rate of 0.053%, from $9.24M in 1995 to $9.11M in 2022.

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

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

Latest Data

Trade between Paraguay (Flag) and Panama (Flag)

Paraguay Exports

Panama Exports

Market Competitiveness

Color
Paraguay
Top DestinationBrazil$3.67B
Panama
Top DestinationChina$1.14B

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

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

In 2021, countries that imported more from Panama than Paraguay were China ($1.14B), Japan ($785M), and South Korea ($539M).

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

Comparative Advantage Paraguay - Panama

Flow
Scale

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

During 2022, Paraguay had a large net trade with Panama in the exports of Chemical Products ($4.85M), Footwear and Headwear ($494k), and Vegetable Products ($177k).

During 2022, Panama had a large net trade with Paraguay in the exports of Machines ($3.67M), Chemical Products ($1.65M), and Plastics and Rubbers ($1.25M).

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

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

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