Overview In 2020, Paraguay was the number 95 economy in the world in terms of GDP (current US$), the number 91 in total exports, the number 100 in total imports,
the number 111 economy in terms of GDP per capita (current US$) and the number 79 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Paraguay are Soybeans ($2.15B), Electricity ($1.73B), Soybean Meal ($684M), Frozen Bovine Meat ($592M), and Bovine Meat ($527M), exporting mostly to Brazil ($3.02B), Argentina ($2.13B), Chile ($773M), Russia ($487M), and United States ($180M).
Imports The top imports of Paraguay are Broadcasting Equipment ($1.41B), Refined Petroleum ($967M), Cars ($352M), Pesticides ($343M), and Mixed Mineral or Chemical Fertilizers ($195M), importing mostly from China ($2.81B), Brazil ($2.19B), United States ($1.04B), Argentina ($875M), and Chile ($367M).
Location Paraguay borders Argentina, Bolivia, and Brazil by land.