Paraguay is the 70th largest export economy in the world and the 74th most complex economy according to the Economic Complexity Index (ECI). In 2016, Paraguay exported $8.48B and imported $9.7B, resulting in a negative trade balance of $1.18B. In 2016 the GDP of Paraguay was $27.4B and its GDP per capita was $9.6k.
The top exports of Paraguay are Electricity ($2.13B), Soybeans ($1.82B), Soybean Meal ($852M), Frozen Bovine Meat ($569M) and Bovine Meat ($518M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($1.04B), Broadcasting Equipment ($479M), Cars ($414M), Pesticides ($282M) and Mixed Mineral or Chemical Fertilizers ($258M).
The top export destinations of Paraguay are Brazil ($3.01B), Argentina ($850M), Russia ($655M), Chile ($519M) and Italy ($309M). The top import origins are Brazil ($2.22B), the United States ($1.97B), China ($1.17B), Argentina ($979M) and Chile ($557M).