2022
Flag  
GDP
$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH
59%CURRENT US$
Rnk 41 / 186
2022
Flag
 GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH
37.5%CURRENT US$
Rnk 52 / 186
2022
Flag
GDP PC
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

Bolivia-Paraguay Trade: In 2022, Bolivia exported $66.8M to Paraguay. The main products that Bolivia exported to Paraguay were Petroleum Gas ($31M), Soybeans ($12.4M), and Electric Batteries ($3.8M). Over the past 5 years the exports of Bolivia to Paraguay have increased at an annualized rate of 2.86%, from $58M in 2017 to $66.8M in 2022.

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

Paraguay-Bolivia Trade: In 2022, Paraguay exported $97M to Bolivia. The main products that Paraguay exported to Bolivia were Pesticides ($26.2M), Packaged Medicaments ($11.2M), and Refined Petroleum ($7.67M). Over the past 5 years the exports of Paraguay to Bolivia have increased at an annualized rate of 12.2%,  from $48.7M in 2017 to $97M in 2022.

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

Comparison: In 2022,  Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). 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, Bolivia exported $66.8M to Paraguay. The main products exported from Bolivia to Paraguay were Petroleum Gas ($31M), Soybeans ($12.4M), and Electric Batteries ($3.8M). During the last 5 years the exports of Bolivia to Paraguay have increased at an annualized rate of 2.86%, from $58M in 2017 to $66.8M in 2022.

In 2017, Paraguay exported $97M to Bolivia. The main products exported from Paraguay to Bolivia were Pesticides ($26.2M), Packaged Medicaments ($11.2M), and Refined Petroleum ($7.67M). During the last 5 years the exports of Paraguay to Bolivia have increased at an annualized rate of 12.2%, from $48.7M in 2022 to $97M in 2017.

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

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

Market Competitiveness

Color
Bolivia
Top Destination
India$2.27B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Bolivia than Paraguay included India ($2.27B), Colombia ($1.06B), and Japan ($963M).

In 2022, countries that imported more from Paraguay than Bolivia included Brazil ($3.67B), Chile ($1.16B), and Russia ($356M).

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

Comparative Advantage Bolivia - Paraguay

Flow
Scale

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

During 2022, Bolivia had a large net trade with Paraguay in the exports of Mineral Products ($33.7M), Vegetable Products ($12.7M), and Chemical Products ($5.25M).

During 2017, Paraguay had a large net trade with Bolivia in the exports of Chemical Products ($44.3M), Metals ($13.9M), and Vegetable Products ($10.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bolivia Paraguay+$1.21MNitrogenous Fertilizers
Top Product Potential Paraguay Bolivia+$1.34MInsulated Wire

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

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

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