Flag Paraguay / Argentina Flag

Exports FlagFlag  (2018): $1.73B, Rnk 1 / 141

Top Product FlagFlag (2018): $1.51B, Soybeans

Exports FlagFlag (2018): $1.26B, Rnk 14 / 165

Top Product FlagFlag (2018): $197M, Refined Petroleum

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

Economic Complexity of Flag (2018): ECI 0.22, Rnk 57 / 137

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

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

GDP Flag (2018): $520B, CURRENT US$
Rnk 24 / 196

GDP GROWTH Flag (2008-2018): 43.8%, CURRENT US$
Rnk 91 / 196

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

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

GDP PC Flag (2018): $11,684, CURRENT US$
Rnk 66 / 196

GDP PC GROWTH Flag (2008-2018): 29.5%, CURRENT US$
Rnk 83 / 196

Paraguay-Argentina: In 2018, Paraguay exported $1.73B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($1.51B), Soybean Oil ($44.1M), and Insulated Wire ($33M). During the last 23 years the exports of Paraguay to Argentina have increased at an annualized rate of 11.3%, from $148M in 1995 to $1.73B in 2018.

Argentina-Paraguay: In 2018, Argentina exported $1.26B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($197M), Delivery Trucks ($96.7M), and Pesticides ($88.6M). During the last 23 years the exports of Argentina to Paraguay have increased at an annualized rate of 3.34%, from $594M in 1995 to $1.26B in 2018.

Comparison: In 2018, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). That same year, Argentina ranked 57 in the Economic Complexity Index (ECI 0.22), and 49 in total exports ($60.8B). In terms of GDP Per Capita, Paraguay was ranked 106 with a GDP Per Capita of $5,822, and Argentina was ranked 66 with a GDP Per Capita of $11,684.

Bilateral Trade by Products

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Depth
Value

In 2018, Paraguay exported $1.73B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($1.51B), Soybean Oil ($44.1M), and Insulated Wire ($33M). During the last 23 years the exports of Paraguay to Argentina have increased at an annualized rate of 11.3%, from $148M in 1995 to $1.73B in 2018.

In 2018, Argentina exported $1.26B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($197M), Delivery Trucks ($96.7M), and Pesticides ($88.6M). During the last 23 years the exports of Argentina to Paraguay have increased at an annualized rate of 3.34%, from $594M in 1995 to $1.26B in 2018.

Market Competitiveness

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Measure

Paraguay
Top Destination
: Argentina, $1.73B

Argentina
Top Destination
: Brazil, $11B

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

In 2018, countries that imported more from Paraguay than Argentina were Gambia ($7.22M), Russia ($785M), and Suriname ($5.46M).

In 2018, countries that imported more from Argentina than Paraguay were Brazil ($11B), China ($4.34B), and United States ($4.23B).

Comparative Advantage Paraguay - Argentina

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Depth

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

During 2018, Paraguay had a large net trade with Argentina in the exports of Vegetable Products ($1.53B), Animal and Vegetable Bi-Products ($44.5M), and Foodstuffs ($36.1M).

During 2018, Argentina had a large net trade with Paraguay in the exports of Chemical Products ($251M), Mineral Products ($223M), and Foodstuffs ($211M).

Tariff Section

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

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

In 2018, the products from Argentina that paid the highest import tariffs to enter Paraguay were Diesel powered buses (20%) and Diesel powered trucks weighing < 5 tonnes (20%).

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*The tariffs present between Paraguay and Argentina are:
26: AAP.CE N° 13 - Complementación Económica entre Argentina y 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)
136: Most Favoured Nation duty rate treatement
269: Preferential tariff for MERCOSUR countries (Southern Common Market)

Trade Forecasts

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This section shows a forecast for total trade between Paraguay and Argentina. 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.

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