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How dependent is Argentina on Paraguay?

In 2024, Paraguay sold $3.4 billion to Argentina, 5.6% of its imports, ranking 4th among its suppliers. Its share was 3.4% in 2019 and 0.78% in 1995. In 5 products it sells more than 50% of what Argentina buys of them (in 4, more than 75%); what Argentina buys from Paraguay in those products (dominated value) adds up to $3 billion, 4.9% of its imports.

Summary

Share of its imports
5.6%
Value imported
$3.4billion
Rank among its suppliers
4th
Products where it sells over 50%
5
Products where it sells over 75%
4
Dominated value
$3billion
Share of total imports
4.9%

Trend

Trend in shares

Paraguay went from 0.78% to 5.6% of what Argentina buys

Share (%)

  • Paraguay 5.6%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951600.78%20
19962070.86%20
19973181%18
19983571.1%18
19992941.1%18
20003311.3%15
20013101.5%14
20022743%9
20033122.2%9
20043721.7%12
20054311.5%13
20064841.5%11
20079872.3%9
20081,5982.9%6
20097321.9%10
20104890.89%17
20115990.84%20
20124960.73%22
20136210.84%20
20145820.89%20
20155110.84%20
20168251.5%13
20171,1581.7%11
20182,2183.4%5
20191,6873.4%5
20202,2185.2%4
20212,8244.5%4
20221,9462.4%6
20234,0455.5%4
20243,4115.6%4

Products where Paraguay sells more than half

ProductSupplierShareSecondValue
SoybeansParaguay89.5%over 75%Uruguay · 6.5%$2.8 billion
Soybean meal and pelletsParaguay99.5%over 75%Brazil · 0.3%$118 million
Soybean oilParaguay99.3%over 75%Bolivia · 0.4%$30 million
Animal guts, bladders and stomachsParaguay55.3%Spain · 22.4%$6 million
PeanutsParaguay79.8%over 75%Brazil · 17.2%$2 million

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from Paraguay

Argentina is Paraguay’s 2nd-largest customer, with 29.8% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.