Argentina (ARG) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Argentina-Paraguay Trade: In 2023, Argentina exported $1.17B to Paraguay. The main products that Argentina exported to Paraguay were Refined Petroleum ($235M), Delivery Trucks ($85.7M), and Pesticides ($72.4M). Over the past 5 years the exports of Argentina to Paraguay have decreased at an annualized rate of 2.3%, from $1.31B in 2018 to $1.17B in 2023.

In 2023, Argentina did not export any services to Paraguay.

Paraguay-Argentina Trade: In 2023, Paraguay exported $4B to Argentina. The main products that Paraguay exported to Argentina were Soybeans ($3.03B), Electricity ($456M), and Soybean Oil ($87.9M). Over the past 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 12.5%, from $2.22B in 2018 to $4B in 2023.

In 2023, Paraguay did not export any services to Argentina.

Comparison: In 2023, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Argentina exported $1.17B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($235M), Delivery Trucks ($85.7M), and Pesticides ($72.4M). During the last 5 years the exports of Argentina to Paraguay have decreased at an annualized rate of 2.3%, from $1.31B in 2018 to $1.17B in 2023.

In 2018, Paraguay exported $4B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($3.03B), Electricity ($456M), and Soybean Oil ($87.9M). During the last 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 12.5%, from $2.22B in 2023 to $4B in 2018.

Exports from Argentina () to Paraguay () (2023)

Exports from Paraguay () to Argentina () (2023)

Latest Data

Trade between Argentina () and Paraguay ()

Argentina Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Argentina
Top DestinationBrazil$12.1B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Argentina than Paraguay included Brazil ($12.1B), United States ($6.27B), and China ($5.36B).

In 2023, countries that imported more from Paraguay than Argentina included Chinese Taipei ($226M), Hong Kong ($136M), and Russia ($267M).

Difference in imports from Paraguay () and Argentina () (2023)

Comparative Advantage Argentina - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Argentina had a large net trade with Paraguay in the exports of Mineral Products ($270M), Chemical Products ($244M), and Foodstuffs ($169M).

During 2018, Paraguay had a large net trade with Argentina in the exports of Vegetable Products ($3.15B), Mineral Products ($456M), and Animal and Vegetable Bi-Products ($90.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Argentina Paraguay+$17.9MCars

Top Product Potential Paraguay Argentina+$9.38MCorn

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Argentina and Paraguay. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Argentina.

About

Historical Data

Bilateral Trade by Products

Exports from Argentina () to Paraguay () (2023)

Exports from Paraguay () to Argentina () (2023)

Latest Data

Trade between Argentina () and Paraguay ()

Argentina Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Argentina () (2023)

Comparative Advantage Argentina - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Argentina () and Paraguay () (2023)

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