Flag Paraguay / Argentina Flag

2019
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Exports
: $1.74B, Rnk 2 / 148

2019
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Top Product
: $1.08B, Soybeans

2019
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Exports
: $1.07B, Rnk 14 / 169

2019
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Top Product
: $179M, Refined Petroleum

2019
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Economic Complexity (ECI)
: ECI -0.43, Rnk 88 / 146

2019
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Economic Complexity (ECI)
: ECI 0.19, Rnk 59 / 146

2019
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GDP
: $38.1B, CURRENT US$
Rnk 95 / 187

2009-2019
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GDP GROWTH
: 70.7%, CURRENT US$
Rnk 60 / 187

2019
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 GDP
: $445B, CURRENT US$
Rnk 26 / 187

2009-2019
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GDP GROWTH
: 33.8%, CURRENT US$
Rnk 120 / 187

2019
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GDP PC 
: $5,415, CURRENT US$
Rnk 102 / 187

2009-2019
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GDP PC GROWTH
: 49.4%, CURRENT US$
Rnk 58 / 187

2019
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GDP PC
: $9,912, CURRENT US$
Rnk 73 / 187

2009-2019
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GDP PC GROWTH
: 20.5%, CURRENT US$
Rnk 114 / 187

Paraguay-Argentina In 2019, Paraguay exported $1.74B to Argentina. The main products that Paraguay exported to Argentina are Soybeans ($1.08B), Electricity ($375M), and Soybean Oil ($98.5M). During the last 24 years the exports of Paraguay to Argentina have increased at an annualized rate of 10.5%, from $159M in 1995 to $1.74B in 2019.

In 2019, Paraguay did not export any services to Argentina.

Argentina-Paraguay In 2019, Argentina exported $1.07B to Paraguay . The main products that Argentina exported to Paraguay were Refined Petroleum ($179M), Pesticides ($63.5M), and Delivery Trucks ($58.5M). During the last 24 years the exports of Argentina to Paraguay have increased at an annualized rate of 2.21%, from $634M in 1995 to $1.07B in 2019.

In 2019, Argentina did not export any services to Paraguay.

Comparison In 2019,  Paraguay ranked 88 in the Economic Complexity Index (ECI -0.43), and 100 in total exports ($7.79B). That same year, Argentina ranked 59 in the Economic Complexity Index (ECI 0.19), and 46 in total exports ($64B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Paraguay exported $1.74B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($1.08B), Electricity ($375M), and Soybean Oil ($98.5M). During the last 24 years the exports of Paraguay to Argentina have increased at an annualized rate of 10.5%, from $159M in 1995 to $1.74B in 2019.

In 2019, Argentina exported $1.07B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($179M), Pesticides ($63.5M), and Delivery Trucks ($58.5M). During the last 24 years the exports of Argentina to Paraguay have increased at an annualized rate of 2.21%, from $634M in 1995 to $1.07B in 2019.

Paraguay Exports

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Argentina Exports

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Market Competitiveness

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Measure

Paraguay
Top Destination
: Brazil, $2.53B

Argentina
Top Destination
: Brazil, $10.3B

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 2019, countries that imported more from Paraguay than Argentina were Aruba ($10.2M), Suriname ($7.15M), and Sierra Leone ($4.49M).

In 2019, countries that imported more from Argentina than Paraguay were Brazil ($10.3B), China ($6.94B), and United States ($4.44B).

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 2019, Paraguay had a large net trade with Argentina in the exports of Vegetable Products ($1.11B), Mineral Products ($375M), and Animal and Vegetable Bi-Products ($98.8M).

During 2019, Argentina had a large net trade with Paraguay in the exports of Chemical Products ($231M), Mineral Products ($197M), and Foodstuffs ($169M).

Tariff Section

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This section 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%).

*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)

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.