Flag Brazil / Paraguay Flag

Exports FlagFlag  (2018): $2.95B, Rnk 18 / 216

Top Product FlagFlag (2018): $126M, Mixed Mineral or Chemical Fertilizers

Exports FlagFlag (2018): $1.17B, Rnk 2 / 141

Top Product FlagFlag (2018): $217M, Insulated Wire

Economic Complexity of Flag (2018): ECI 0.62, Rnk 39 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $1.87T, CURRENT US$
Rnk 9 / 196

GDP GROWTH Flag (2008-2018): 10.2%, CURRENT US$
Rnk 143 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $8,921, CURRENT US$
Rnk 82 / 196

GDP PC GROWTH Flag (2008-2018): 1.02%, CURRENT US$
Rnk 141 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

Brazil-Paraguay: In 2018, Brazil exported $2.95B to Paraguay. The main products exported from Brazil to Paraguay were Mixed Mineral or Chemical Fertilizers ($126M), Cars ($105M), and Harvesting Machinery ($83.8M). During the last 23 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.35%, from $889M in 1995 to $2.95B in 2018.

Paraguay-Brazil: In 2018, Paraguay exported $1.17B to Brazil. The main products exported from Paraguay to Brazil were Insulated Wire ($217M), Rice ($131M), and Corn ($109M). During the last 23 years the exports of Paraguay to Brazil have increased at an annualized rate of 3.97%, from $477M in 1995 to $1.17B in 2018.

Comparison: In 2018, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). In terms of GDP Per Capita, Brazil was ranked 82 with a GDP Per Capita of $8,921, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

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Depth
Value

In 2018, Brazil exported $2.95B to Paraguay. The main products exported from Brazil to Paraguay were Mixed Mineral or Chemical Fertilizers ($126M), Cars ($105M), and Harvesting Machinery ($83.8M). During the last 23 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.35%, from $889M in 1995 to $2.95B in 2018.

In 2018, Paraguay exported $1.17B to Brazil. The main products exported from Paraguay to Brazil were Insulated Wire ($217M), Rice ($131M), and Corn ($109M). During the last 23 years the exports of Paraguay to Brazil have increased at an annualized rate of 3.97%, from $477M in 1995 to $1.17B in 2018.

Market Competitiveness

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Measure

Brazil
Top Destination
: China, $64.3B

Paraguay
Top Destination
: Argentina, $1.73B

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 2018, countries that imported more from Brazil than Paraguay were China ($64.3B), United States ($29.3B), and Argentina ($15B).

In 2018, no countries were registered that imported more from Paraguay than from Brazil.

Comparative Advantage Brazil - Paraguay

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Depth

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

During 2018, Brazil had a large net trade with Paraguay in the exports of Machines ($591M), Foodstuffs ($389M), and Chemical Products ($377M).

During 2018, Paraguay had a large net trade with Brazil in the exports of Vegetable Products ($395M), Machines ($225M), and Textiles ($152M).

Tariff Section

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This sections shows import tariffs for products traded between Brazil and Paraguay (using the HS6 product classification and the last year reported).

In 2018, the products from Brazil that paid the highest import tariffs to enter Paraguay were Diesel powered buses (35%) and Micro Cars (35%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter Brazil were Refined sugar, in solid form, nes, pure sucrose (30%) and Raw sugar, beet (27.6%).

Explore Tariff Data

*The tariffs present between Brazil and Paraguay are:
23: AAP.AG N° 02 - Acuerdo de Alcance Parcial para la Liberación y Expansión del Comercio Intrarregional de Semillas Suscrito por el Art. 12 del TM80
81: AR.AM N° 03 - Acuerdo Regional de Apertura de Mercados en Favor de Paraguay
82: AR.CEYC N° 7 Acuerdo de Cooperación e Intercambio en las Áreas Cultural, Educacional y Científica (Argentina, Bolivia, Brasil, Chile, Colombia, Cuba, Ecuador, México, Panamá, Paraguay, Perú, Uruguay)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
83: AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela)
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
269: Preferential tariff for MERCOSUR countries (Southern Common Market)
269: Preferential tariff for MERCOSUR countries (Southern Common Market)

Trade Forecasts

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This section shows a forecast for total trade between Brazil and Paraguay. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Brazil has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over Brazil.