Paraguay (PRY) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Paraguay-Brazil Trade: In 2023, Paraguay exported $3B to Brazil. The main products that Paraguay exported to Brazil were Electricity ($1.06B), Rice ($318M), and Corn ($266M). Over the past 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 1.27%, from $2.81B in 2018 to $3B in 2023.

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

Brazil-Paraguay Trade: In 2023, Brazil exported $3.9B to Paraguay. The main products that Brazil exported to Paraguay were Cars ($127M), Refined Petroleum ($127M), and Mixed Mineral or Chemical Fertilizers ($126M). Over the past 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.63%, from $2.97B in 2018 to $3.9B in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $3B to Brazil. The main products exported from Paraguay to Brazil were Electricity ($1.06B), Rice ($318M), and Corn ($266M). During the last 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 1.27%, from $2.81B in 2018 to $3B in 2023.

In 2018, Brazil exported $3.9B to Paraguay. The main products exported from Brazil to Paraguay were Cars ($127M), Refined Petroleum ($127M), and Mixed Mineral or Chemical Fertilizers ($126M). During the last 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.63%, from $2.97B in 2023 to $3.9B in 2018.

Exports from Paraguay () to Brazil () (2023)

Exports from Brazil () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Brazil ()

Paraguay Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Brazil
Top DestinationChina$106B

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

In 2023, no countries were registered that imported more from Paraguay than from Brazil.

In 2023, countries that imported more from Brazil than Paraguay included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Paraguay - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Brazil in the exports of Mineral Products ($1.06B), Vegetable Products ($748M), and Textiles ($239M).

During 2018, Brazil had a large net trade with Paraguay in the exports of Machines ($843M), Chemical Products ($539M), and Foodstuffs ($436M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Brazil+$29.6MPesticides

Top Product Potential Brazil Paraguay+$63.9MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Brazil () (2023)

Exports from Brazil () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Brazil ()

Paraguay Exports

Brazil Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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