2022
Flag  
GDP
$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH
-22.1%CURRENT US$
Rnk 180 / 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 
$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH
-27.7%CURRENT US$
Rnk 177 / 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

Brazil-Paraguay Trade: In 2022, Brazil exported $3.53B to Paraguay. The main products that Brazil exported to Paraguay were Cars ($163M), Mixed Mineral or Chemical Fertilizers ($112M), and Harvesting Machinery ($110M). Over the past 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.94%, from $2.65B in 2017 to $3.53B in 2022.

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

Paraguay-Brazil Trade: In 2022, Paraguay exported $3.67B to Brazil. The main products that Paraguay exported to Brazil were Electricity ($1.26B), Corn ($526M), and Rice ($219M). Over the past 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 5.75%,  from $2.78B in 2017 to $3.67B in 2022.

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

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). 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, Brazil exported $3.53B to Paraguay. The main products exported from Brazil to Paraguay were Cars ($163M), Mixed Mineral or Chemical Fertilizers ($112M), and Harvesting Machinery ($110M). During the last 5 years the exports of Brazil to Paraguay have increased at an annualized rate of 5.94%, from $2.65B in 2017 to $3.53B in 2022.

In 2017, Paraguay exported $3.67B to Brazil. The main products exported from Paraguay to Brazil were Electricity ($1.26B), Corn ($526M), and Rice ($219M). During the last 5 years the exports of Paraguay to Brazil have increased at an annualized rate of 5.75%, from $2.78B in 2022 to $3.67B in 2017.

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

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

Market Competitiveness

Color
Brazil
Top Destination
China$90.1B
Paraguay
Top Destination
Brazil$3.67B

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

In 2022, countries that imported more from Brazil than Paraguay included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, no countries were registered that imported more from Paraguay than from Brazil.

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

Comparative Advantage Brazil - Paraguay

Flow
Scale

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

During 2022, Brazil had a large net trade with Paraguay in the exports of Machines ($759M), Chemical Products ($494M), and Transportation ($395M).

During 2017, Paraguay had a large net trade with Brazil in the exports of Mineral Products ($1.26B), Vegetable Products ($1.05B), and Animal Products ($260M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Paraguay+$63.9MRefined Petroleum
Top Product Potential Paraguay Brazil+$29.6MPesticides

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

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

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