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 In 2022, Bolivia exported $66.8M to Paraguay. The main products that Bolivia exported to Paraguay are Petroleum Gas ($31M), Soybeans ($12.4M), and Electric Batteries ($3.8M). During the last 27 years the exports of Bolivia to Paraguay have increased at an annualized rate of 9.33%, from $6.01M in 1995 to $66.8M in 2022.

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

Paraguay-Bolivia 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). During the last 27 years the exports of Paraguay to Bolivia have increased at an annualized rate of 12.5%, from $4.07M in 1995 to $97M in 2022.

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

Comparison In 2022,  Bolivia ranked 98 in the Economic Complexity Index (ECI -0.9), and 93 in total exports ($13.8B). That same year, Paraguay ranked 79 in the Economic Complexity Index (ECI -0.37), 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 27 years the exports of Bolivia to Paraguay have increased at an annualized rate of 9.33%, from $6.01M in 1995 to $66.8M in 2022.

In 2022, 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 27 years the exports of Paraguay to Bolivia have increased at an annualized rate of 12.5%, from $4.07M in 1995 to $97M in 2022.

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 2021, countries that imported more from Bolivia than Paraguay were India ($2.27B), Colombia ($1.06B), and Japan ($963M).

In 2021, countries that imported more from Paraguay than Bolivia were 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 2022, Paraguay had a large net trade with Bolivia in the exports of Chemical Products ($44.3M), Metals ($13.9M), and Vegetable Products ($10.8M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bolivia has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Bolivia.

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

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