Paraguay (PRY) and Argentina (ARG) Trade | The Observatory of Economic Complexity

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Paraguay-Argentina Trade: In 2023, Paraguay exported $4B to Argentina. The main products that Paraguay exported to Argentina were Soybeans ($3.03B), Electricity ($456M), and Soybean Oil ($87.9M). Over the past 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 12.5%, from $2.22B in 2018 to $4B in 2023.

In 2023, Paraguay did not export any services to Argentina.

Argentina-Paraguay Trade: In 2023, Argentina exported $1.17B to Paraguay. The main products that Argentina exported to Paraguay were Refined Petroleum ($235M), Delivery Trucks ($85.7M), and Pesticides ($72.4M). Over the past 5 years the exports of Argentina to Paraguay have decreased at an annualized rate of 2.3%, from $1.31B in 2018 to $1.17B in 2023.

In 2023, Argentina did not export any services to Paraguay.

Comparison: In 2023, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $4B to Argentina. The main products exported from Paraguay to Argentina were Soybeans ($3.03B), Electricity ($456M), and Soybean Oil ($87.9M). During the last 5 years the exports of Paraguay to Argentina have increased at an annualized rate of 12.5%, from $2.22B in 2018 to $4B in 2023.

In 2018, Argentina exported $1.17B to Paraguay. The main products exported from Argentina to Paraguay were Refined Petroleum ($235M), Delivery Trucks ($85.7M), and Pesticides ($72.4M). During the last 5 years the exports of Argentina to Paraguay have decreased at an annualized rate of 2.3%, from $1.31B in 2023 to $1.17B in 2018.

Exports from Paraguay () to Argentina () (2023)

Exports from Argentina () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Argentina ()

Paraguay Exports

Date

Argentina Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Paraguay than Argentina included Chinese Taipei ($226M), Hong Kong ($136M), and Russia ($267M).

In 2023, countries that imported more from Argentina than Paraguay included Brazil ($12.1B), United States ($6.27B), and China ($5.36B).

Difference in imports from Argentina () and Paraguay () (2023)

Comparative Advantage Paraguay - Argentina

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Argentina in the exports of Vegetable Products ($3.15B), Mineral Products ($456M), and Animal and Vegetable Bi-Products ($90.9M).

During 2018, Argentina had a large net trade with Paraguay in the exports of Mineral Products ($270M), Chemical Products ($244M), and Foodstuffs ($169M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Argentina+$9.38MCorn

Top Product Potential Argentina Paraguay+$17.9MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Argentina () (2023)

Exports from Argentina () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Argentina ()

Paraguay Exports

Argentina Exports

Market Competitiveness

Difference in imports from Argentina () and Paraguay () (2023)

Comparative Advantage Paraguay - Argentina

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Argentina () (2023)

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