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2022
Flag → Flag
Exports $2.65BRnk 26 / 223
2022
Flag → Flag
Top Product $163MCars
2022
Flag → Flag
Exports $2.78BRnk 1 / 158
2022
Flag → Flag
Top Product $1.26BElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
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GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Brazil-Paraguay Trade: In 2022, Brazil exported $2.65B to Paraguay. The main products that Brazil exported to Paraguay were Cars ($163M), Mixed Mineral or Chemical Fertilizers ($112M), and Harvesting Machinery ($110M). Over the past 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 15.4%, from $1.29B in 2017 to $2.65B in 2022.

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

Paraguay-Brazil Trade: In 2022, Paraguay exported $2.78B to Brazil. The main products that Paraguay exported to Brazil were Electricity ($1.26B), Corn ($526M), and Rice ($219M). Over the past 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 44%,  from $449M in 2017 to $2.78B in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Latest Trends

May, 2024

About

Overview In May 2024, Brazil exported $287M and imported $316M from Paraguay, resulting in a negative trade balance of $29.3M. Between May 2023 and May 2024 the exports of Brazil have decreased by $-26.5M (-8.45%) from $313M to $287M, while imports increased by $78.4M (33%) from $238M to $316M.

Trade In May 2024, the top exports of Brazil to Paraguay were Mixed Mineral or Chemical Fertilizers ($15.8M), Harvesting Machinery ($12.8M), Corn ($11.4M), Refined Petroleum ($10.6M), and Cars ($6.23M). In May 2024 the top imports of Brazil from Paraguay were Electricity ($69.2M), Corn ($31.6M), Rice ($17.2M), Insulated Wire ($15.2M), and Bovine Meat ($9.27M).

Origins In May 2024 the exports of Brazil were mainly from São Paulo ($118M), Paraná ($50.6M), Rio Grande do Sul ($37.7M), Santa Catarina ($35.3M), and Minas Gerais ($18.1M), while imports destinations were mainly Paraná ($102M), Rio de Janeiro ($88.7M), São Paulo ($41.2M), Santa Catarina ($37M), and Minas Gerais ($23.1M).

Growth In May 2024, the decrease in Brazil's year-by-year exports to Paraguay was explained primarily by an decrease in product exports in Cars ($-4.06M or -39.4%), Electrical Transformers ($-2.78M or -70.7%), and Delivery Trucks ($-2.3M or -49.9%). In May 2024, the increase in Brazil's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Corn ($16.5M or 109%), Rice ($11.4M or 194%), and Concentrated Milk ($6.66M or 972%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$-26.5M(-8.45%)
IMPORT GROWTH (May 2023 - May 2024)$78.4M(33%)
MAIN EXPORTER (May 2024)São Paulo$118M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Paraguay and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Paraguay and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $2.65B to Paraguay. The main products exported from Brazil to Paraguay were Cars ($163M), Mixed Mineral or Chemical Fertilizers ($112M), and Harvesting Machinery ($110M). During the last 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 15.4%, from $1.29B in 2017 to $2.65B in 2022.

In 2017, Paraguay exported $2.78B to Brazil. The main products exported from Paraguay to Brazil were Electricity ($1.26B), Corn ($526M), and Rice ($219M). During the last 22 years the exports of Paraguay to Brazil have increased at an annualized rate of 44%, from $449M in 1995 to $2.78B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Brazil than Paraguay included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, no countries were registered that imported more from Paraguay than from Brazil.

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

Comparative Advantage Brazil - Paraguay

Flow
Scale

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

During 2022, Brazil had a large net trade with Paraguay in the exports of Machines ($759M), Chemical Products ($494M), and Transportation ($395M).

During 2017, Paraguay had a large net trade with Brazil in the exports of Mineral Products ($1.26B), Vegetable Products ($1.05B), and Animal Products ($260M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Paraguay+$63.9MRefined Petroleum
Top Product Potential Paraguay Brazil+$29.6MPesticides

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

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

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

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