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2022
Flag → Flag
Exports $1.23BRnk 16 / 168
2022
Flag → Flag
Top Product $292MRefined Petroleum
2022
Flag → Flag
Exports $1.91BRnk 2 / 158
2022
Flag → Flag
Top Product $983MSoybeans
2022
Flag
Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
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GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $13,686CURRENT US$
Rnk 65 / 186
2012-2022
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GDP PC GROWTH4.61%CURRENT US$
Rnk 129 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Argentina-Paraguay Trade: In 2022, Argentina exported $1.23B to Paraguay. The main products that Argentina exported to Paraguay were Refined Petroleum ($292M), Delivery Trucks ($94.6M), and Pesticides ($60M). Over the past 5 years the exports of Argentina to Paraguay have increased at an annualized rate of 1.46%, from $1.15B in 2017 to $1.23B in 2022.

In 2022, Argentina did not export any services to Paraguay.

Paraguay-Argentina Trade: In 2022, Paraguay exported $1.91B to Argentina. The main products that Paraguay exported to Argentina were Soybeans ($983M), Electricity ($402M), and Soybean Oil ($142M). Over the past 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 10.8%,  from $1.15B in 2017 to $1.91B in 2022.

In 2022, Paraguay did not export any services to Argentina.

Comparison: In 2022,  Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Argentina exported $1.23B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($292M), Delivery Trucks ($94.6M), and Pesticides ($60M). During the last 5 years the exports of Argentina to Paraguay have increased at an annualized rate of 1.46%, from $1.15B in 2017 to $1.23B in 2022.

In 2017, Paraguay exported $1.91B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($983M), Electricity ($402M), and Soybean Oil ($142M). During the last 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 10.8%, from $1.15B in 2022 to $1.91B in 2017.

Exports from Argentina (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Argentina (Flag) (2022)

Latest Data

Trade between Argentina (Flag) and Paraguay (Flag)

Argentina Exports

Paraguay Exports

Market Competitiveness

Color
Argentina
Top DestinationBrazil$12.6B
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Argentina than Paraguay included Brazil ($12.6B), China ($8B), and United States ($6.99B).

In 2022, countries that imported more from Paraguay than Argentina included Russia ($356M), Suriname ($14.7M), and Aruba ($10.7M).

Difference in imports from Paraguay (Flag) and Argentina (Flag) (2022)

Comparative Advantage Argentina - Paraguay

Flow
Scale

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

During 2022, Argentina had a large net trade with Paraguay in the exports of Mineral Products ($310M), Chemical Products ($235M), and Foodstuffs ($155M).

During 2017, Paraguay had a large net trade with Argentina in the exports of Vegetable Products ($1.04B), Mineral Products ($403M), and Animal and Vegetable Bi-Products ($144M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Argentina Paraguay+$17.9MCars
Top Product Potential Paraguay Argentina+$9.38MCorn

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

This visualization shows the product space at the HS4 level with the flags of Argentina and Paraguay. This means that a dot/product with the flag of Argentina indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Argentina.

Product Space of Argentina (Flag) and Paraguay (Flag) (2022)

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