Paraguay (PRY) and Bolivia (BOL) Trade | The Observatory of Economic Complexity

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Paraguay-Bolivia Trade: In 2023, Paraguay exported $167M to Bolivia. The main products that Paraguay exported to Bolivia were Refined Petroleum ($60.5M), Pesticides ($18.6M), and Wheat ($11.7M). Over the past 5 years the exports of Paraguay to Bolivia have increased at an annualized rate of 15.4%, from $81.6M in 2018 to $167M in 2023.

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

Bolivia-Paraguay Trade: In 2023, Bolivia exported $56.3M to Paraguay. The main products that Bolivia exported to Paraguay were Nitrogenous Fertilizers ($10.8M), Petroleum Gas ($9.28M), and Electric Batteries ($5.69M). Over the past 5 years the exports of Bolivia to Paraguay have decreased at an annualized rate of 0.83%, from $58.7M in 2018 to $56.3M in 2023.

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

Comparison: In 2023, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). That same year, Bolivia ranked 105 in the Economic Complexity Index (ECI -0.85), and 103 in total exports ($10.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $167M to Bolivia. The main products exported from Paraguay to Bolivia were Refined Petroleum ($60.5M), Pesticides ($18.6M), and Wheat ($11.7M). During the last 5 years the exports of Paraguay to Bolivia have increased at an annualized rate of 15.4%, from $81.6M in 2018 to $167M in 2023.

In 2018, Bolivia exported $56.3M to Paraguay. The main products exported from Bolivia to Paraguay were Nitrogenous Fertilizers ($10.8M), Petroleum Gas ($9.28M), and Electric Batteries ($5.69M). During the last 5 years the exports of Bolivia to Paraguay have decreased at an annualized rate of 0.83%, from $58.7M in 2023 to $56.3M in 2018.

Exports from Paraguay () to Bolivia () (2023)

Exports from Bolivia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Bolivia ()

Paraguay Exports

Date

Bolivia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Bolivia
Top DestinationBrazil$1.54B

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

In 2023, countries that imported more from Paraguay than Bolivia included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

In 2023, countries that imported more from Bolivia than Paraguay included China ($1.21B), India ($1.33B), and United Arab Emirates ($901M).

Difference in imports from Bolivia () and Paraguay () (2023)

Comparative Advantage Paraguay - Bolivia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Bolivia in the exports of Mineral Products ($64.1M), Chemical Products ($38.8M), and Metals ($22.7M).

During 2018, Bolivia had a large net trade with Paraguay in the exports of Chemical Products ($16.2M), Mineral Products ($11.9M), and Machines ($6.76M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Bolivia+$1.34MInsulated Wire

Top Product Potential Bolivia Paraguay+$1.21MNitrogenous Fertilizers

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

Year

This visualization shows the product space at the HS4 level with the flags of Paraguay and Bolivia. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Bolivia. Similarly, a dot/product with the flag of Bolivia indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Bolivia () (2023)

Exports from Bolivia () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Bolivia ()

Paraguay Exports

Bolivia Exports

Market Competitiveness

Difference in imports from Bolivia () and Paraguay () (2023)

Comparative Advantage Paraguay - Bolivia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Bolivia () (2023)

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