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2023
Flag → Flag
Exports $3.9BRnk 21 / 221
2023
Flag → Flag
Top Product $127MCars
2023
Flag → Flag
Exports $3BRnk 2 / 153
2023
Flag → Flag
Top Product $1.06BElectricity
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195

About

Brazil-Paraguay Trade: In 2023, Brazil exported $3.9B to Paraguay. The main products that Brazil exported to Paraguay were Cars ($127M), Refined Petroleum ($127M), and Mixed Mineral or Chemical Fertilizers ($126M). Over the past 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.63%, from $2.97B in 2018 to $3.9B in 2023.

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

Paraguay-Brazil Trade: In 2023, Paraguay exported $3B to Brazil. The main products that Paraguay exported to Brazil were Electricity ($1.06B), Rice ($318M), and Corn ($266M). Over the past 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 1.27%,  from $2.81B in 2018 to $3B in 2023.

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

Comparison: In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $349M and imported $255M from Paraguay, resulting in a positive trade balance of $93.6M. Between December 2023 and December 2024 the exports of Brazil have increased by $15.6M (4.68%) from $333M to $349M, while imports increased by $8.24M (3.34%) from $247M to $255M.

Trade In December 2024, the top exports of Brazil to Paraguay were Harvesting Machinery ($17.9M), Mixed Mineral or Chemical Fertilizers ($13.6M), Beer ($10M), Corn ($8.91M), and Tractors ($8.29M). In December 2024 the top imports of Brazil from Paraguay were Electricity ($82.3M), Soybeans ($53.5M), Rice ($36.2M), Insulated Wire ($17M), and Corn ($16.1M).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($152M), Paraná ($53.2M), Rio Grande do Sul ($53.2M), Santa Catarina ($37.6M), and Minas Gerais ($19.4M), while imports destinations were mainly Rio de Janeiro ($92M), Paraná ($42.7M), Santa Catarina ($38.6M), São Paulo ($33.7M), and Minas Gerais ($17.7M).

Growth In December 2024, the increase in Brazil's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Aluminium Plating ($6.08M or 4.7k%), Harvesting Machinery ($5.12M or 39.9%), and Beer ($3.77M or 60.6%). In December 2024, the increase in Brazil's year-by-year imports  from Paraguay was explained primarily by an increase in product imports  in Soybeans ($50.5M or 1.69k%), Rice ($19M or 110%), and Electricity ($13.1M or 18.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$15.6M(4.68%)
IMPORT GROWTH (December 2023 - December 2024)$8.24M(3.34%)
MAIN EXPORTER (December 2024)São Paulo$152M

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 2023, Brazil exported $3.9B to Paraguay. The main products exported from Brazil to Paraguay were Cars ($127M), Refined Petroleum ($127M), and Mixed Mineral or Chemical Fertilizers ($126M). During the last 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.63%, from $2.97B in 2018 to $3.9B in 2023.

In 2018, Paraguay exported $3B to Brazil. The main products exported from Paraguay to Brazil were Electricity ($1.06B), Rice ($318M), and Corn ($266M). During the last 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 1.27%, from $2.81B in 2023 to $3B in 2018.

Exports from Brazil (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Paraguay
Top DestinationArgentina$4B

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 2023, countries that imported more from Brazil than Paraguay included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, no countries were registered that imported more from Paraguay than from Brazil.

Difference in imports from Paraguay (Flag) and Brazil (Flag) (2023)

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 2023, Brazil had a large net trade with Paraguay in the exports of Machines ($843M), Chemical Products ($539M), and Foodstuffs ($436M).

During 2018, Paraguay had a large net trade with Brazil in the exports of Mineral Products ($1.06B), Vegetable Products ($748M), and Textiles ($239M).

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) (2023)

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