Date,
Time MSK

12.05.2016



Paraguayan-Russian Bilateral Trade in 2015


In 2015 Paraguayan-Russian bilateral trade volume decreased by 29% and reached 0.81 billion USD compared to 1.1 billion USD in 2014.


Paraguayan exports to Russia fell to 0.76 billion USD (by 27%) while imports fell to 0.051 billion USD (by 50%) (see Figure 1).



Figure 1. 2007-2015 Paraguayan-Russian bilateral trade turnover, billion USD. Source: ITC Trade Map.

Figure 1. 2007-2015 Paraguayan-Russian bilateral trade turnover, billion USD.png



Paraguayan exports to Russia


Paraguay primarily exports to Russia the following products (see Figure 2, Table 1):


▪ Oil seed, oleagic fruits, grain, seed, fruit, etc, nes (50.4%)

▪ Meat and edible meat offal (48.3%)

▪ Products of animal origin, nes (1.1%)

▪ Animal,vegetable fats and oils, cleavage products, etc (0.2%)


In 2015 the imports of Paraguayan made products in Russia experienced a significant fall. The imports of meat and edible meat offal fell by 37%; the imports of products of animal origin - by 36%.



Figure 2. Structure of Paraguayan Exports to Russia in 2015. Source: ITC Trade Map.

Figure 2. Structure of Paraguayan Exports to Russia in 2015.png



Table 1. Key products exported from Paraguay to Russia in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

Tariff applied by Russia to Paraguay products

12

Oil seed, oleagic fruits, grain, seed, fruit, etc, nes

$441,765

$381,609

-14%

28.7

1.2

02

Meat and edible meat offal

$580,716

$366,095

-37%

10.9

23

05

Products of animal origin, nes

$13,222

$8,467

-36%

18.8

5.4

15

Animal,vegetable fats and oils, cleavage products, etc

$1,580

$1,521

-4%

0.2

7.3

27

Mineral fuels, oils, distillation products, etc

$0

$63

-

0.00

2.8



Russian exports to Paraguay


In 2015 Russia has exported to Paraguay the following products (see Figure 3, Table 2):


▪ Fertilizers (94%)

▪ Iron and steel (1%)

▪ Meat and edible meat offal (1%)


2015 showed a significant rise in Russian exports to Paraguay of inorganic chemicals, precious metal compound, isotopes (+539%). At the same time the exports of salt, sulphur, earth, stone, plaster, lime and cement (-50%) showed a significant fall (see Table 2).



Figure 3. Structure of Russian Exports to Paraguay in 2015. Source: ITC Trade Map.

Figure 3. Structure of Russian Exports to Paraguay in 2015.png



Table 2. Key products exported from Russia to Paraguay in 2015. Source: ITC Trade Map.


Product HS Code

Product Type

Volume in 2014, USD thousand

Volume in 2015, USD thousand

Change in 2015, %

Share in total product imports, %

31

Fertilizers

$56,570

$48,569

-14%

10.1

72

Iron and steel

$183

$534

192%

0.1

02

Meat and edible meat offal

$0

$410

-

0

25

Salt, sulphur, earth, stone, plaster, lime and cement

$722

$358

-50%

0.9

29

Organic chemicals

$241

$240

0%

0.1

48

Paper and paperboard, articles of pulp, paper and board

$150

$230

53%

0.1

44

Wood and articles of wood, wood charcoal

$271

$208

-23%

1.4

28

Inorganic chemicals, precious metal compound, isotopes

$31

$198

539%

0.1

76

Aluminium and articles thereof

$0

$186

-

0

22

Beverages, spirits and vinegar

$0

$136

-

0

34

Soaps, lubricants, waxes, candles, modelling pastes

$59

$115

95%

0.1

05

Products of animal origin, nes

$0

$86

-

0

24

Tobacco and manufactured tobacco substitutes

$0

$78

-

0

64

Footwear, gaiters and the like, parts thereof

$21

$19

-10%

0


Table 3. represents basic macroeconomic and foreign trade indicators for both countries.



Table 3. Macroeconomic Indicators for Russia and Paraguay. Source: IMF World Economic Outlook Database, April 2015


Macroeconomic Indicator

Russia

Paraguay

GDP in 2014, billion dollars

1,857.461

29.704

Estimated GDP in 2015, billion dollars

1,175.996

30.754

Inflation, average consumer prices, %

7.82

5.041

Volume of imported goods, billion dollars

282.6

12.2

Volume of exported goods, billion dollars

492.1

9.6

Unemployment rate, %

5.10

5.50

Population, millions

143.7

6.9


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