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Trade between Argentina and Paraguay

In 2024, Argentina exported $1.2 billion to Paraguay and imported $3.4 billion. Argentina ran a deficit of $2.2 billion with Paraguay, compared with a deficit of $578 million in 2019. Paraguay was Argentina’s 6th largest trading partner (3% of its trade), and Argentina was Paraguay’s 3rd (16%).

Summary

Argentina → Paraguay
$1.2billion
Paraguay → Argentina
$3.4billion
Argentina’s balance
-$2.2billion

Balance

Argentina’s trade balance with Paraguay

Trade between Argentina and Paraguay grew 6.2-fold since 1995

USD billions (current). Argentina’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 1.2
  • Imports 3.4
  • Balance -2.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$582 million$160 million$421 million
1996$610 million$207 million$403 million
1997$712 million$318 million$393 million
1998$566 million$357 million$209 million
1999$453 million$294 million$159 million
2000$596 million$331 million$265 million
2001$521 million$310 million$211 million
2002$340 million$274 million$67 million
2003$433 million$312 million$121 million
2004$630 million$372 million$258 million
2005$639 million$431 million$208 million
2006$725 million$484 million$241 million
2007$759 million$987 million-$227 million
2008$1.1 billion$1.6 billion-$537 million
2009$856 million$732 million$124 million
2010$1.2 billion$489 million$704 million
2011$1.4 billion$599 million$786 million
2012$1.4 billion$496 million$880 million
2013$1.3 billion$621 million$711 million
2014$1.3 billion$582 million$698 million
2015$1.1 billion$511 million$606 million
2016$1.1 billion$825 million$241 million
2017$1.2 billion$1.2 billion$70 million
2018$1.3 billion$2.2 billion-$896 million
2019$1.1 billion$1.7 billion-$578 million
2020$940 million$2.2 billion-$1.3 billion
2021$1.3 billion$2.8 billion-$1.6 billion
2022$1.3 billion$1.9 billion-$632 million
2023$1.2 billion$4 billion-$2.9 billion
2024$1.2 billion$3.4 billion-$2.2 billion

What they sell each other

What Argentina sells to Paraguay

The top 10 headings in 2024, with their share of the total.

  1. Refined petroleum$195 million · 16.2%
    335 thousand tonnes · Paraguay’s sources
  2. Trucks$101 million · 8.4%
    7 thousand tonnes · Argentina’s destinations
  3. Pesticides and herbicides$72 million · 6%
    10 thousand tonnes
  4. 966 tonnes
  5. Cars$42 million · 3.5%
    3 thousand tonnes · Argentina’s destinations
  6. Bread, biscuits and pastries$31 million · 2.6%
    12 thousand tonnes
  7. Natural gas and LPG$31 million · 2.6%
    46 thousand tonnes
  8. Toilet paper and tissues$31 million · 2.6%
    8 thousand tonnes
  9. Phosphate fertilizers$24 million · 2%
    85 thousand tonnes
  10. Fragrance mixtures$21 million · 1.7%
    957 tonnes

What Paraguay sells to Argentina

The top 10 headings in 2024, with their share of the total.

  1. Soybeans$2.8 billion · 82.8%
    6.8 million tonnes · Paraguay’s destinations
  2. Electricity$172 million · 5.1%
  3. Soybean meal and pellets$118 million · 3.5%
    326 thousand tonnes
  4. Cables and wire$64 million · 1.9%
    2 thousand tonnes
  5. Bananas$34 million · 0.99%
    87 thousand tonnes
  6. Soybean oil$30 million · 0.88%
    32 thousand tonnes
  7. Metal caps and lids$28 million · 0.83%
    3 thousand tonnes
  8. Uncoated paper$12 million · 0.36%
    15 thousand tonnes
  9. Bread, biscuits and pastries$8 million · 0.25%
    2 thousand tonnes
  10. Seats and chairs$8 million · 0.22%
    189 tonnes

How it travels

Argentina and Paraguay traded $4.6 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.

Split by transport mode

  1. Land$4.6 billion · 100%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Paraguay was Argentina’s 6th largest trading partner (3% of its trade), and Argentina was Paraguay’s 3rd (16%).

Paraguay in Argentina’s trade
3.4%
Paraguay’s rank among Argentina’s partners
6th
Argentina in Paraguay’s trade
15.9%
Argentina’s rank among Paraguay’s partners
3rd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.