2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 195
2023
Flag
 GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 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

Chile-Paraguay Trade: In 2023, Chile exported $340M to Paraguay. The main products that Chile exported to Paraguay were Non-Knit Men's Coats ($32.7M), Packaged Medicaments ($19.5M), and House Linens ($18.4M). Over the past 5 years the exports of Chile to Paraguay have decreased at an annualized rate of 4.84%, from $436M in 2018 to $340M in 2023.

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

Paraguay-Chile Trade: In 2023, Paraguay exported $1.26B to Chile. The main products that Paraguay exported to Chile were Bovine Meat ($637M), Corn ($204M), and Soybean Meal ($149M). Over the past 5 years the exports of Paraguay to Chile have increased at an annualized rate of 14.1%,  from $655M in 2018 to $1.26B in 2023.

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

Comparison: In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B). 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
Value

In 2023, Chile exported $340M to Paraguay. The main products exported from Chile to Paraguay were Non-Knit Men's Coats ($32.7M), Packaged Medicaments ($19.5M), and House Linens ($18.4M). During the last 5 years the exports of Chile to Paraguay have decreased at an annualized rate of 4.84%, from $436M in 2018 to $340M in 2023.

In 2018, Paraguay exported $1.26B to Chile. The main products exported from Paraguay to Chile were Bovine Meat ($637M), Corn ($204M), and Soybean Meal ($149M). During the last 5 years the exports of Paraguay to Chile have increased at an annualized rate of 14.1%, from $655M in 2023 to $1.26B in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Paraguay
Top Destination
Argentina$4B

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 2023, countries that imported more from Chile than Paraguay included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Paraguay than Chile included Argentina ($4B), Uruguay ($274M), and Bangladesh ($94.6M).

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

Comparative Advantage Chile - Paraguay

Flow
Scale

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

During 2023, Chile had a large net trade with Paraguay in the exports of Textiles ($146M), Foodstuffs ($51.3M), and Chemical Products ($30M).

During 2018, Paraguay had a large net trade with Chile in the exports of Animal Products ($691M), Vegetable Products ($280M), and Foodstuffs ($170M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Chile Paraguay+$3.47MRefined Petroleum
Top Product Potential Paraguay Chile+$2.44MPesticides

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 Chile and Paraguay. This means that a dot/product with the flag of Chile indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Chile.

Product Space of Chile (Flag) and Paraguay (Flag) (2023)

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