Paraguay

Compare Paraguay →

PY · PRY · BACI 600 · latest data 2024

Exports

$11.5B USD, nominal · 2024

= $11,464 M36.9% over 5 yrs (up)

Imports

$17.5B USD, nominal · 2024

= $17,520 M36.8% over 5 yrs (up)

Trade balancedeficit

−$6.1B USD, nominal · 2024

= −$6,056 M

Total trade

$29.0B USD, nominal · 2024

= $28,984 M36.8% over 5 yrs (up)

World position: #98 of 225 exporters · top half · #90 of 225 importers · top half · 2024
World export share since 1995: +0.0 pp

Trade timeline

Paraguay's exports grew from $1.3B in 1995 to $11.5B in 2024; the 2024 balance was −$6.1B.

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Exports, imports, trade balance and total trade of Paraguay per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$1,309 M	$3,950 M	−$2,641 M	$5,258 M
1996	$1,479 M	$3,694 M	−$2,214 M	$5,173 M
1997	$1,623 M	$4,249 M	−$2,627 M	$5,872 M
1998	$1,446 M	$3,688 M	−$2,242 M	$5,134 M
1999	$1,206 M	$2,540 M	−$1,334 M	$3,745 M
2000	$2,416 M	$2,572 M	−$156 M	$4,988 M
2001	$2,698 M	$2,371 M	$327 M	$5,068 M
2002	$2,611 M	$1,791 M	$820 M	$4,403 M
2003	$2,990 M	$2,179 M	$811 M	$5,169 M
2004	$3,472 M	$2,841 M	$631 M	$6,313 M
2005	$3,736 M	$3,548 M	$188 M	$7,284 M
2006	$4,024 M	$5,153 M	−$1,129 M	$9,177 M
2007	$4,975 M	$6,232 M	−$1,258 M	$11,207 M
2008	$6,996 M	$9,415 M	−$2,419 M	$16,412 M
2009	$5,448 M	$7,327 M	−$1,879 M	$12,775 M
2010	$6,714 M	$10,693 M	−$3,979 M	$17,407 M
2011	$8,028 M	$12,746 M	−$4,718 M	$20,775 M
2012	$7,501 M	$12,190 M	−$4,689 M	$19,691 M
2013	$9,738 M	$12,361 M	−$2,622 M	$22,099 M
2014	$9,986 M	$12,465 M	−$2,479 M	$22,452 M
2015	$8,650 M	$10,537 M	−$1,886 M	$19,187 M
2016	$8,826 M	$9,961 M	−$1,135 M	$18,787 M
2017	$9,019 M	$12,221 M	−$3,202 M	$21,239 M
2018	$9,443 M	$13,717 M	−$4,274 M	$23,159 M
2019	$8,373 M	$12,809 M	−$4,435 M	$21,182 M
2020	$8,856 M	$10,372 M	−$1,516 M	$19,229 M
2021	$11,123 M	$13,720 M	−$2,597 M	$24,842 M
2022	$10,278 M	$16,065 M	−$5,787 M	$26,342 M
2023	$12,208 M	$16,342 M	−$4,134 M	$28,549 M
2024	$11,464 M	$17,520 M	−$6,056 M	$28,984 M

30 rows

World share & rank

World export share moved from 0.0% in 1995 to 0.1% in 2024; export rank #105 → #98.

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World export and import share in percent, and world ranks, of Paraguay per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.03%	0.08%	#105	#72
1996	0.03%	0.07%	#104	#79
1997	0.03%	0.08%	#102	#76
1998	0.03%	0.07%	#104	#84
1999	0.02%	0.04%	#108	#95
2000	0.04%	0.04%	#98	#102
2001	0.04%	0.04%	#91	#105
2002	0.04%	0.03%	#98	#119
2003	0.04%	0.03%	#93	#114
2004	0.04%	0.03%	#100	#113
2005	0.04%	0.03%	#103	#108
2006	0.03%	0.04%	#109	#105
2007	0.04%	0.04%	#105	#106
2008	0.04%	0.06%	#98	#97
2009	0.04%	0.06%	#102	#101
2010	0.04%	0.07%	#100	#93
2011	0.04%	0.07%	#101	#94
2012	0.04%	0.07%	#100	#95
2013	0.05%	0.07%	#96	#96
2014	0.05%	0.07%	#95	#96
2015	0.05%	0.07%	#97	#99
2016	0.06%	0.06%	#92	#98
2017	0.05%	0.07%	#95	#91
2018	0.05%	0.07%	#95	#89
2019	0.05%	0.07%	#99	#92
2020	0.05%	0.06%	#92	#95
2021	0.05%	0.06%	#93	#95
2022	0.04%	0.07%	#103	#93
2023	0.05%	0.07%	#93	#95
2024	0.05%	0.08%	#98	#90

30 rows

Trading partners

Brazil was Paraguay's top trading partner in 2024, at 26.5% of total trade; the top five partners covered 72.7%.

Year

Top partner share: 26.5%
Top-5 share: 72.7%
Partners: 186
Partner HHI (0–1): 0.142

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Brazil $3.5B

Argentina $3.4B

Chile $1.1B

United States $443M

Peru $252M

Other Asia, nes $226M

Russia $207M

Uruguay $171M

Netherlands $168M

India $115M

Germany $63M

Japan $46M

China $28M

Switzerland $25M

Singapore $9M

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Top partners of Paraguay in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	Brazil	$3,534 M	$4,142 M	$7,677 M	−$608 M
#2	China	$28 M	$5,632 M	$5,660 M	−$5,605 M
#3	Argentina	$3,411 M	$1,201 M	$4,612 M	$2,209 M
#4	United States	$443 M	$1,178 M	$1,621 M	−$735 M
#5	Chile	$1,061 M	$431 M	$1,493 M	$630 M
#6	India	$115 M	$431 M	$546 M	−$316 M
#7	Singapore	$9 M	$413 M	$422 M	−$405 M
#8	Germany	$63 M	$349 M	$413 M	−$286 M
#9	Japan	$46 M	$304 M	$349 M	−$258 M
#10	Russia	$207 M	$132 M	$339 M	$75 M
#11	Uruguay	$171 M	$129 M	$300 M	$42 M
#12	Other Asia, nes	$226 M	$69 M	$295 M	$157 M
#13	Netherlands	$168 M	$123 M	$291 M	$45 M
#14	Peru	$252 M	$29 M	$282 M	$223 M
#15	Switzerland	$25 M	$256 M	$281 M	−$231 M

15 rows

Products & sectors

Product composition of Paraguay's trade in 2024.

Year

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Concentration & risk

Paraguay's export partners concentrated over 1995–2024 — HHI 0.168 → 0.196, a moderately concentrated export base across 150 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Paraguay per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.168	0.123	91	81
1996	0.189	0.156	87	88
1997	0.185	0.153	89	84
1998	0.169	0.142	91	83
1999	0.138	0.140	86	82
2000	0.390	0.141	108	85
2001	0.304	0.144	109	87
2002	0.356	0.148	117	88
2003	0.274	0.159	130	102
2004	0.188	0.167	131	117
2005	0.211	0.147	127	111
2006	0.203	0.136	140	117
2007	0.217	0.169	136	124
2008	0.167	0.159	138	115
2009	0.198	0.154	145	121
2010	0.134	0.186	150	124
2011	0.121	0.162	147	130
2012	0.167	0.145	150	132
2013	0.113	0.161	146	136
2014	0.115	0.155	146	143
2015	0.116	0.140	148	142
2016	0.141	0.151	152	142
2017	0.129	0.163	157	148
2018	0.159	0.144	151	158
2019	0.171	0.168	155	146
2020	0.192	0.154	157	157
2021	0.185	0.159	155	153
2022	0.180	0.156	159	155
2023	0.183	0.181	153	167
2024	0.196	0.172	150	177

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