Flag Chile / Paraguay Flag

Exports FlagFlag  (2018): $609M, Rnk 22 / 180

Top Product FlagFlag (2018): $74.6M, Cars

Exports FlagFlag (2018): $627M, Rnk 4 / 141

Top Product FlagFlag (2018): $326M, Bovine Meat

Economic Complexity of Flag (2018): ECI -0.12, Rnk 74 / 137

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

GDP Flag (2018): $298B, CURRENT US$
Rnk 40 / 196

GDP GROWTH Flag (2008-2018): 66%, CURRENT US$
Rnk 60 / 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): $15,923, CURRENT US$
Rnk 59 / 196

GDP PC GROWTH Flag (2008-2018): 48.1%, CURRENT US$
Rnk 48 / 196

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

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

Chile-Paraguay: In 2018, Chile exported $609M to Paraguay. The main products exported from Chile to Paraguay were Cars ($74.6M), Textile Footwear ($31.2M), and Rubber Footwear ($28.7M). During the last 23 years the exports of Chile to Paraguay have increased at an annualized rate of 8.85%, from $86.7M in 1995 to $609M in 2018.

Paraguay-Chile: In 2018, Paraguay exported $627M to Chile. The main products exported from Paraguay to Chile were Bovine Meat ($326M), Soybean Meal ($212M), and Corn ($22.1M). During the last 23 years the exports of Paraguay to Chile have increased at an annualized rate of 11.7%, from $49.7M in 1995 to $627M in 2018.

Comparison: In 2018, Chile ranked 74 in the Economic Complexity Index (ECI -0.12), and 43 in total exports ($76.7B). 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, Chile was ranked 59 with a GDP Per Capita of $15,923, and Paraguay was ranked 106 with a GDP Per Capita of $5,822.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Chile exported $609M to Paraguay. The main products exported from Chile to Paraguay were Cars ($74.6M), Textile Footwear ($31.2M), and Rubber Footwear ($28.7M). During the last 23 years the exports of Chile to Paraguay have increased at an annualized rate of 8.85%, from $86.7M in 1995 to $609M in 2018.

In 2018, Paraguay exported $627M to Chile. The main products exported from Paraguay to Chile were Bovine Meat ($326M), Soybean Meal ($212M), and Corn ($22.1M). During the last 23 years the exports of Paraguay to Chile have increased at an annualized rate of 11.7%, from $49.7M in 1995 to $627M in 2018.

Market Competitiveness

#permalink to section
Measure

Chile
Top Destination
: China, $25.3B

Paraguay
Top Destination
: Argentina, $1.73B

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

In 2018, countries that imported more from Chile than Paraguay were China ($25.3B), United States ($10.6B), and Japan ($7.06B).

In 2018, countries that imported more from Paraguay than Chile were Argentina ($1.73B), Bangladesh ($83.1M), and Poland ($156M).

Comparative Advantage Chile - Paraguay

#permalink to section
Depth

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

During 2018, Chile had a large net trade with Paraguay in the exports of Textiles ($256M), Transportation ($88M), and Footwear and Headwear ($65M).

During 2018, Paraguay had a large net trade with Chile in the exports of Animal Products ($335M), Foodstuffs ($216M), and Vegetable Products ($50.1M).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Chile 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

#permalink to section

Competitive Landscape

#permalink to section

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 Chile has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over Chile.