Paraguay's economy is one of the smaller economies in Latin America, ranking between 100th and 110th globally by GDP. Its strengths lie in its agricultural exports and hydroelectric power production. Paraguay is ranked 100th globally in terms of total exports, ranked 110th globally in terms of total imports. According to the Economic Complexity Index, Paraguay ranks 81th in economic complexity.

Paraguay Data Fields

Imports

Paraguay mainly imports industrial machinery, computers, electronic equipment, cars, trucks, and vehicle parts, pharmaceutical products, industrial chemicals, crude oil, refined petroleum products, lubricants, electronics, appliances, and clothing. Paraguay’s main top import partners are Brazil, China, Argentina, United States, Japan.

Exports

Paraguay's exports are dominated by agricultural products and electricity, with the following being the most significant: soybeans, soybean oil, soybean meal, beef, corn, hydroelectric power, wheat, rice, and sunflower oil. Paraguay's top export partners are Brazil, Argentina, Chile, Russia, Italy.