2022
Exports
$1.67BWorld Rnk 85 / 216
Flag Rnk 2 / 94
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$2.01BWorld Rnk 102 / 225
Flag Rnk 2 / 96
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $1.67B in Mineral fuels, mineral oils and products of their distillation, making it the 85th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Paraguay. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Paraguay are: Brazil ($1.26B), Argentina ($402M), Bolivia ($7.67M), Uruguay ($49.4k), and Peru ($22.8k).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Paraguay between 2021 and 2022 were Argentina ($148M), Bolivia ($7.67M), and Uruguay ($38.4k).

Imports In 2022, Paraguay imported $2.01B in Mineral fuels, mineral oils and products of their distillation, becoming the 102nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most imported product in Paraguay. Paraguay imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($522M), Singapore ($344M), Argentina ($303M), United Arab Emirates ($176M), and Russia ($103M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Paraguay between 2021 and 2022 were United States ($111M), Singapore ($105M), and United Arab Emirates ($83.1M).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Mineral fuels, mineral oils and products of their distillation. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.67B
IMPORTS (2022)$2.01B
NET TRADE (2022)-$342M

In 2022, Paraguay exported $1.67B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Paraguay exports on Mineral fuels, mineral oils and products of their distillation were Brazil ($1.26B), Argentina ($402M), Bolivia ($7.67M), Uruguay ($49.4k), and Peru ($22.8k).

In 2022, Paraguay imported $2.01B in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($522M), Singapore ($344M), Argentina ($303M), United Arab Emirates ($176M), and Russia ($103M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Argentina$148M (58.3%)
Bolivia$7.67M (104k%)
Uruguay$38.4k (350%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Paraguay WERE (2021 - 2022):
Brazil-$116M (-8.47%)
Saudi Arabia-$43.8k (-100%)
Chile-$11.7k (-92%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Paraguay's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Paraguay's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALPeru+ $130k
TOP IMPORT POTENTIALIndia+ $84.9M

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Peru. With an export gap of $130k.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is India with an import gap of $84.9M.

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