Paraguay (PRY) and Uruguay (URY) Trade | The Observatory of Economic Complexity

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Paraguay-Uruguay Trade: In 2023, Paraguay exported $274M to Uruguay. The main products that Paraguay exported to Uruguay were Corn ($98.5M), Bran ($36.5M), and Bovine Meat ($19.5M). Over the past 5 years the exports of Paraguay to Uruguay have increased at an annualized rate of 12.5%, from $152M in 2018 to $274M in 2023.

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

Uruguay-Paraguay Trade: In 2023, Uruguay exported $124M to Paraguay. The main products that Uruguay exported to Paraguay were Malt ($23.7M), Pesticides ($15M), and Packaged Medicaments ($11M). Over the past 5 years the exports of Uruguay to Paraguay have decreased at an annualized rate of 3.76%, from $151M in 2018 to $124M in 2023.

In 2023, Uruguay 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, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $274M to Uruguay. The main products exported from Paraguay to Uruguay were Corn ($98.5M), Bran ($36.5M), and Bovine Meat ($19.5M). During the last 5 years the exports of Paraguay to Uruguay have increased at an annualized rate of 12.5%, from $152M in 2018 to $274M in 2023.

In 2018, Uruguay exported $124M to Paraguay. The main products exported from Uruguay to Paraguay were Malt ($23.7M), Pesticides ($15M), and Packaged Medicaments ($11M). During the last 5 years the exports of Uruguay to Paraguay have decreased at an annualized rate of 3.76%, from $151M in 2023 to $124M in 2018.

Exports from Paraguay () to Uruguay () (2023)

Exports from Uruguay () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Uruguay ()

Paraguay Exports

Date

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Uruguay
Top DestinationChina$2.34B

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

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

In 2023, countries that imported more from Uruguay than Paraguay included China ($2.34B), United States ($880M), and Italy ($468M).

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

Comparative Advantage Paraguay - Uruguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Uruguay in the exports of Vegetable Products ($113M), Foodstuffs ($67.8M), and Animal Products ($33M).

During 2018, Uruguay had a large net trade with Paraguay in the exports of Chemical Products ($50.6M), Vegetable Products ($24.1M), and Foodstuffs ($9.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Uruguay+$950kPesticides

Top Product Potential Uruguay Paraguay+$501kPlastic Lids

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Uruguay () (2023)

Exports from Uruguay () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Uruguay ()

Paraguay Exports

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Uruguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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