Paraguay (PRY) and Brazil (BRA) Trade

About

Paraguay-Brazil: In 2018, Paraguay exported $1.17B to Brazil. The main products that Paraguay exported to Brazil are Insulated Wire ($217M), Rice ($131M), and Corn ($109M). During the last 23 years the exports of Paraguay to Brazil have increased at an annualized rate of 3.97%, from $477M in 1995 to $1.17B in 2018.

In 2018, Paraguay did not exported services to Brazil.

Brazil-Paraguay: In 2018, Brazil exported $2.95B to Paraguay . The main products that Brazil exported to Paraguay were Mixed Mineral or Chemical Fertilizers ($126M), Cars ($105M), and Harvesting Machinery ($83.8M). During the last 23 years the exports of Paraguay to Brazil have increased at an annualized rate of 3.97%, from $477M in 1995 to $1.17B in 2018.

In 2018, Brazil did not exported services to Paraguay.

Comparison: In 2018, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B). That same year, Brazil ranked 39 in the Economic Complexity Index (ECI 0.62), and 25 in total exports ($242B).

Product Trade

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Bilateral Trade by Products

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Depth

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In 2018, Paraguay exported $1.17B to Brazil. The main products exported from Paraguay to Brazil were Insulated Wire ($217M), Rice ($131M), and Corn ($109M). During the last 23 years the exports of Paraguay to Brazil have increased at an annualized rate of 3.97%, from $477M in 1995 to $1.17B in 2018.

In 2018, Brazil exported $2.95B to Paraguay. The main products exported from Brazil to Paraguay were Mixed Mineral or Chemical Fertilizers ($126M), Cars ($105M), and Harvesting Machinery ($83.8M). During the last 23 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.35%, from $889M in 1995 to $2.95B in 2018.

Latest Data

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Market Competitiveness

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SectionYear

Paraguay
Top Destination: Argentina, $1.73B

Brazil
Top Destination: China, $64.3B

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

In 2018, no countries were registered that imported more from Paraguay than from Brazil.

In 2018, countries that imported more from Brazil than Paraguay were China ($64.3B), United States ($29.3B), and Argentina ($15B).

Comparative Advantage Paraguay - Brazil

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Depth

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

During 2018, Paraguay had a large net trade with Brazil in the exports of Vegetable Products ($395M), Machines ($225M), and Textiles ($152M).

During 2018, Brazil had a large net trade with Paraguay in the exports of Machines ($591M), Foodstuffs ($389M), and Chemical Products ($377M).

Tariff Section

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Tariffs

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

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

In 2018, the products from Brazil that paid the highest import tariffs to enter Paraguay were Diesel powered buses (35%) and Micro Cars (35%).

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*The tariffs present between Paraguay and Brazil are:
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)

Forecasts

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Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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Year

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

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Paraguay - Brazil

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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