Uruguay (URY) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Uruguay-Paraguay Trade: In 2022, Uruguay exported $149M to Paraguay. The main products that Uruguay exported to Paraguay were Malt ($23.2M), Pesticides ($12.9M), and Vaccines, blood, antisera, toxins and cultures ($10.8M). Over the past 5 years the exports of Uruguay to Paraguay have increased at an annualized rate of 3.6%, from $124M in 2017 to $149M in 2022.

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

Paraguay-Uruguay Trade: In 2022, Paraguay exported $203M to Uruguay. The main products that Paraguay exported to Uruguay were Corn ($37.2M), Bovine Meat ($35.1M), and Soybeans ($19.4M). Over the past 5 years the exports of Paraguay to Uruguay have decreased at an annualized rate of 1.54%, from $220M in 2017 to $203M in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $149M to Paraguay. The main products exported from Uruguay to Paraguay were Malt ($23.2M), Pesticides ($12.9M), and Vaccines, blood, antisera, toxins and cultures ($10.8M). During the last 5 years the exports of Uruguay to Paraguay have increased at an annualized rate of 3.6%, from $124M in 2017 to $149M in 2022.

In 2017, Paraguay exported $203M to Uruguay. The main products exported from Paraguay to Uruguay were Corn ($37.2M), Bovine Meat ($35.1M), and Soybeans ($19.4M). During the last 5 years the exports of Paraguay to Uruguay have decreased at an annualized rate of 1.54%, from $220M in 2022 to $203M in 2017.

Exports from Uruguay () to Paraguay () (2022)

Exports from Paraguay () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Paraguay ()

Uruguay Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Uruguay than Paraguay included China ($2.89B), United States ($818M), and Netherlands ($587M).

In 2022, countries that imported more from Paraguay than Uruguay included Brazil ($3.67B), Chile ($1.16B), and Argentina ($1.91B).

Difference in imports from Paraguay () and Uruguay () (2022)

Comparative Advantage Uruguay - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with Paraguay in the exports of Chemical Products ($59.9M), Vegetable Products ($24.4M), and Mineral Products ($10.9M).

During 2017, Paraguay had a large net trade with Uruguay in the exports of Vegetable Products ($62M), Animal Products ($47.6M), and Foodstuffs ($39.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay Paraguay+$501kPlastic Lids

Top Product Potential Paraguay Uruguay+$950kPesticides

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Paraguay () (2022)

Exports from Paraguay () to Uruguay () (2022)

Latest Data

Trade between Uruguay () and Paraguay ()

Uruguay Exports

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Uruguay () (2022)

Comparative Advantage Uruguay - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Uruguay () and Paraguay () (2022)

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