Balance of trade in goods and services reached 10,801 PYG bil in 2017 in Paraguay, according to the National Statistical Office. This is 8.29 % less than in the previous year.
Historically, balance of trade in goods and services in Paraguay reached an all time high of 11,778 PYG bil in 2016 and an all time low of -216 PYG bil in 1994. When compared to Paraguay's main peers, balance of trade in goods and services in Argentina amounted to -281 ARS bil, -17.9 BOB bil in Bolivia, 65.7 BRL bil in Brazil and 3,078 CLP bil in Chile in 2017.
Paraguay has been ranked 5th within the group of 163 countries we follow in terms of balance of trade in goods and services, 2 places above the position seen 10 years ago.
The external balance of trade in goods and services (formerly the resource balance) equals exports of goods and services minus imports of goods and services (previously non-factor services).
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