2023
Exports
$60.6MWorld Rnk 118 / 214
Flag Rnk 21 / 767
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$1.99BWorld Rnk 82 / 226
Flag Rnk 2 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2023, Paraguay exported $60.6M in Refined Petroleum, making it the 118th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 21st most exported product in Paraguay. The main destination of Refined Petroleum exports from Paraguay are: Bolivia ($60.5M), Brazil ($46.6k), Peru ($23.8k), Chile ($19.4k), and Japan ($2.47k).

The fastest growing export markets for Refined Petroleum of Paraguay between 2022 and 2023 were Bolivia ($52.9M), Chile ($19.3k), and Brazil ($15.5k).

Imports In 2023, Paraguay imported $1.99B in Refined Petroleum, becoming the 82nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Paraguay. Paraguay imports Refined Petroleum primarily from: United States ($601M), Argentina ($235M), Singapore ($192M), United Arab Emirates ($170M), and Brazil ($127M).

The fastest growing import markets in Refined Petroleum for Paraguay between 2022 and 2023 were Belgium ($57.6M), Saudi Arabia ($57.1M), and Brazil ($46.1M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Refined Petroleum. 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 (2023)$60.6M
IMPORTS (2023)$1.99B
NET TRADE (2023)-$1.93B

In 2023, Paraguay exported $60.6M in Refined Petroleum. The main destinations of Paraguay exports on Refined Petroleum were Bolivia ($60.5M), Brazil ($46.6k), Peru ($23.8k), Chile ($19.4k), and Japan ($2.47k).

In 2023, Paraguay imported $1.99B in Refined Petroleum, mainly from United States ($601M), Argentina ($235M), Singapore ($192M), United Arab Emirates ($170M), and Brazil ($127M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Bolivia$52.9M (689%)
Chile$19.3k (41.2k%)
Brazil$15.5k (49.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Paraguay WERE (2022 - 2023):
Uruguay-$49.4k (-100%)
Seychelles-$3.23k (-100%)
Guyana-$1.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Refined Petroleum were:
In 2023, Paraguay's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBrazil+ $317k
TOP IMPORT POTENTIALIndia+ $84.8M

Refined Petroleum’s highest export potential is Brazil. With an export gap of $317k.   Refined Petroleum’s highest import potential is India with an import gap of $84.8M.

See methodology.

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