Paraguay (PRY) and Chile (CHL) Trade | The Observatory of Economic Complexity

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Paraguay-Chile Trade: In 2023, Paraguay exported $1.26B to Chile. The main products that Paraguay exported to Chile were Bovine Meat ($637M), Corn ($204M), and Soybean Meal ($149M). Over the past 5 years the exports of Paraguay to Chile have increased at an annualized rate of 14.1%, from $655M in 2018 to $1.26B in 2023.

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

Chile-Paraguay Trade: In 2023, Chile exported $340M to Paraguay. The main products that Chile exported to Paraguay were Non-Knit Men's Coats ($32.7M), Packaged Medicaments ($19.5M), and House Linens ($18.4M). Over the past 5 years the exports of Chile to Paraguay have decreased at an annualized rate of 4.84%, from $436M in 2018 to $340M in 2023.

In 2023, Chile 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, Chile ranked 72 in the Economic Complexity Index (ECI -0.2), and 43 in total exports ($98.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $1.26B to Chile. The main products exported from Paraguay to Chile were Bovine Meat ($637M), Corn ($204M), and Soybean Meal ($149M). During the last 5 years the exports of Paraguay to Chile have increased at an annualized rate of 14.1%, from $655M in 2018 to $1.26B in 2023.

In 2018, Chile exported $340M to Paraguay. The main products exported from Chile to Paraguay were Non-Knit Men's Coats ($32.7M), Packaged Medicaments ($19.5M), and House Linens ($18.4M). During the last 5 years the exports of Chile to Paraguay have decreased at an annualized rate of 4.84%, from $436M in 2023 to $340M in 2018.

Exports from Paraguay () to Chile () (2023)

Exports from Chile () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Chile ()

Paraguay Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Chile
Top DestinationChina$38.2B

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

In 2023, countries that imported more from Paraguay than Chile included Argentina ($4B), Uruguay ($274M), and Bangladesh ($94.6M).

In 2023, countries that imported more from Chile than Paraguay included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

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

Comparative Advantage Paraguay - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Chile in the exports of Animal Products ($691M), Vegetable Products ($280M), and Foodstuffs ($170M).

During 2018, Chile had a large net trade with Paraguay in the exports of Textiles ($146M), Foodstuffs ($51.3M), and Chemical Products ($30M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Chile+$2.44MPesticides

Top Product Potential Chile Paraguay+$3.47MRefined 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 Chile. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Chile () (2023)

Exports from Chile () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Chile ()

Paraguay Exports

Chile Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Chile

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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