Paraguay (PRY) and Peru (PER) Trade | The Observatory of Economic Complexity

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Paraguay-Peru Trade: In 2023, Paraguay exported $239M to Peru. The main products that Paraguay exported to Peru were Soybean Meal ($92.8M), Corn ($64.6M), and Soybean Oil ($44.5M). Over the past 5 years the exports of Paraguay to Peru have increased at an annualized rate of 11.6%, from $138M in 2018 to $239M in 2023.

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

Peru-Paraguay Trade: In 2023, Peru exported $28.5M to Paraguay. The main products that Peru exported to Paraguay were Refined Petroleum ($4.59M), Calcium Phosphates ($2.58M), and Packaged Medicaments ($1.98M). Over the past 5 years the exports of Peru to Paraguay have increased at an annualized rate of 9.02%, from $14.3M in 2018 to $28.5M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $239M to Peru. The main products exported from Paraguay to Peru were Soybean Meal ($92.8M), Corn ($64.6M), and Soybean Oil ($44.5M). During the last 5 years the exports of Paraguay to Peru have increased at an annualized rate of 11.6%, from $138M in 2018 to $239M in 2023.

In 2018, Peru exported $28.5M to Paraguay. The main products exported from Peru to Paraguay were Refined Petroleum ($4.59M), Calcium Phosphates ($2.58M), and Packaged Medicaments ($1.98M). During the last 5 years the exports of Peru to Paraguay have increased at an annualized rate of 9.02%, from $14.3M in 2023 to $28.5M in 2018.

Exports from Paraguay () to Peru () (2023)

Exports from Peru () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Peru ()

Paraguay Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Paraguay than Peru included Argentina ($4B), Brazil ($3B), and Uruguay ($274M).

In 2023, countries that imported more from Peru than Paraguay included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Paraguay - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Peru in the exports of Foodstuffs ($95M), Vegetable Products ($66.3M), and Animal and Vegetable Bi-Products ($51.5M).

During 2018, Peru had a large net trade with Paraguay in the exports of Mineral Products ($7.18M), Chemical Products ($5.98M), and Textiles ($4.9M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Peru+$5.6MSoybean Oil

Top Product Potential Peru Paraguay+$4.54MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Peru () (2023)

Exports from Peru () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Peru ()

Paraguay Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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