Chile and Paraguay
Chile and Paraguay expanded their trade framework in 2024 through an agreement incorporated into the Chile–Mercosur relationship. The relationship also includes diplomatic training, consular cooperation, trafficking prevention and emergency assistance, alongside instruments aimed at Paraguayan access to facilities in Antofagasta.
Analysis reviewed: 2026-10-08 · Indicators updated: 2026-10-08Bilateral context
Chile recognised Paraguayan independence in 1843, the date considered the start of relations.
What merchandise trade shows
In 2025, goods trade between Chile and Paraguay totalled 1,154.7 million current USD.
Documented trade sectors
Within the selected chapters, pharmaceutical products stands out in shipments from Chile to Paraguay, at 20.1 million USD in 2025.
Bilateral indicators
Blank cells: data unavailable.
| Indicator | Value | Period |
|---|---|---|
| Goods trade | 1,154.66 M USD | 2025 · Comtrade |
| Goods: Chile to Paraguay | 171.43 M USD | 2025 · Comtrade |
| Goods: Paraguay to Chile | 983.23 M USD | 2025 · Comtrade |
| Services trade | ||
| Export share: Chile to Paraguay | ||
| Export share: Paraguay to Chile | ||
| Investment stock: Chile in Paraguay | ||
| Investment stock: Paraguay in Chile |
Definitions and sources
Trade adds both directions. Shares refer to the country’s total goods exports; investment is an accumulated stock, not an annual flow. Every figure retains the currency and period of its source. BEA positions are historical-cost estimates based on the immediate counterpart, not market values or investment by ultimate owner. ‘More than’ indicates a lower bound, not an exact amount. A recorded stock does not establish new activity or authorisation to operate under sanctions.
- Goods trade
- 2025 · UN Comtrade · Goods; full calendar year; reporter PRY. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Chile to Paraguay
- 2025 · UN Comtrade · Goods; full calendar year; reporter PRY. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
- Goods: Paraguay to Chile
- 2025 · UN Comtrade · Goods; full calendar year; reporter PRY. Both directions come from the same verified customs document, not from adding mirror declarations together. Exports generally FOB; imports generally CIF.
Country comparison
Period and source beside each figure · est. = estimate by the stated institution.
| Indicator | Chile | Paraguay |
|---|---|---|
| Nominal GDP | 357.37 billion USD2025 · World Bank | 49.28 billion USD2025 · WB |
| GDP per capita | 17,994.59 USD2025 · World Bank | 7,026.62 USD2025 · WB |
| GDP growth | 2.46 %2025 · World Bank | 6.64 %2025 · WB |
| Policy interest rate | ||
| Inflation · annual average | 4.21 %Annual average · 2025 · World Bank | 4.04 %Annual average · 2025 · WB |
| Inflation · latest year-on-year figure | 4.1 %Year-on-year · 2026-08 · INE Chile | |
| Unemployment | 8.97 %ILO est.2025 · World Bank | 4.8 %ILO est.2025 · WB |
| Budget balance (% of GDP) | -2.8 %IMF est.2025 · IMF | -1.7 %IMF est.2025 · IMF |
| Gross public debt (% of GDP) | 41.8 %IMF est.2025 · IMF | 38.1 %IMF est.2025 · IMF |
| Current account balance (% of GDP) | -1.22 %2025 · World Bank | -3.18 %2025 · WB |
| Population | 19,859,9212025 · World Bank | 7,013,0782025 · WB |
| Area | 757,245 km²2023 · World Bank | 406,752 km²2023 · WB |
| Military expenditure | ||
| Military expenditure (% of GDP) |
Definitions, dates and sources
Blank cells are not zero. Average annual inflation and the latest year-on-year figure appear in separate rows: they are not the same measure. Every annual indicator retains its reference year; when the years differ, the figures are identified as not directly comparable. When a figure is unavailable from the World Bank, an annual IMF estimate is used and identified as such. The latest year-on-year figure is the latest official release verified as of 7 October 2026. This includes advance releases marked as provisional. Mexico may have a fortnightly figure before the full month is published; it is not automatically compared with a monthly figure. The publication date is retained in each source’s details; it does not replace the observation period or the annual average. Policy rates carry their own dates and represent different instruments. Spain and France share the ECB rate. Balances are positive for surpluses and negative for deficits. The IMF may use fiscal years; unemployment retains each source’s definition (ILO estimates, IMF WEO or PCBS), as stated in the details. For Palestine, debt and the fiscal balance cover central government and retain the PCBS definition; they are not presented as consolidated general government. These are economic magnitudes, not measures of relationship quality.
Area retains each source’s territorial coverage; it does not determine sovereignty or effective control. Canada uses an archived national geographic reference. Military expenditure retains the 2024 SIPRI sample distributed by the World Bank: the amount and percentage of GDP use that same definition, which differs from NATO’s. It is not an approved budget or a 2026 figure. Information from the Stockholm International Peace Research Institute (SIPRI). Military expenditure database · Terms of use0
Indicators reviewed: 2026-10-07. Each source retains its original access date; this review does not turn all the data into 2026 observations. Figures may be revised.
- Nominal GDP
- Current USDChile: 2025 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP per capita
- Current USD per personChile: 2025 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- GDP growth
- Annual real change (%)Chile: 2025 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Policy interest rate
- Central bank instrument (%)
- Inflation · annual average
- Average annual change in headline CPI (%)Chile: 2025 · Annual average change in the CPI (%) · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · Annual average CPI change (%) · World Bank · Official World Bank series. Observation year, not download date.
- Inflation · latest year-on-year figure
- Headline CPI relative to the same period of the previous year (%); monthly or fortnightly frequency statedChile: 2026-08 · Headline CPI; change from the same month of the previous year · INE Chile · Twelve-month headline CPI change; not the 0.6% monthly change or the 3.6% cumulative change in the year.
- Unemployment
- % of the labour force; definition used by the stated institutionChile: 2025 · ILO modelled estimate, percentage of the labour force · World Bank · ILO est. · Official World Bank series; observation period, not download date.Paraguay: 2025 · ILO modelled estimate; percentage of the labour force · World Bank · ILO est. · Official World Bank series. Observation year, not download date.
- Budget balance
- General government (% of GDP)Chile: 2025 · IMF · IMF est. · IMF WEO general-government estimate. Retains the source’s fiscal year when it differs from the calendar year.Paraguay: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Gross public debt
- General government (% of GDP)Chile: 2025 · IMF · IMF est. · IMF WEO general-government estimate. Retains the source’s fiscal year when it differs from the calendar year.Paraguay: 2025 · IMF · IMF est. · WEO general-government estimate, % of GDP. Not an observed balance for the current month.
- Current account balance
- % of GDPChile: 2025 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Population
- PeopleChile: 2025 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2025 · World Bank · Official World Bank series. Observation year, not download date.
- Area
- Total area in km²; territorial coverage of the sourceChile: 2023 · World Bank · Official World Bank series; observation period, not download date.Paraguay: 2023 · World Bank · Official World Bank series. Observation year, not download date.
- Military expenditure
- Current USD per year; SIPRI series
- Military expenditure (% of GDP)
- Percentage of GDP; SIPRI definition, not NATO’s definition
Other data specific to this relationship
What they buy and sell
Documented selection, not an exhaustive list. Cells without a figure do not mean zero value; some products are identified without a verified amount.
Chile to Paraguay
| Product or sector | Value / share |
|---|---|
| Pharmaceutical products | 20.1 M USD2025 · Source |
| Machinery and mechanical appliances | 3.4 M USD2025 · Source |
| Mineral fuels and oils | 2.1 M USD2025 · Source |
| Electrical and electronic equipment | 1.7 M USD2025 · Source |
| Meat and edible offal | 0.882 M USD2025 · Source |
| Dairy products, eggs and honey | 0.31 M USD2025 · Source |
| Vehicles and components | 0.264 M USD2025 · Source |
| Metal ores | 0.0176 M USD2025 · Source |
Paraguay to Chile
| Product or sector | Value / share |
|---|---|
| Meat and edible offal | 646.1 M USD2025 · Source |
| Pharmaceutical products | 3.4 M USD2025 · Source |
| Machinery and mechanical appliances | 1.1 M USD2025 · Source |
| Electrical and electronic equipment | 0.167 M USD2025 · Source |
| Vehicles and components | 0.0172 M USD2025 · Source |
How trade has changed
Billions of current USD · full calendar years
View chart figures
| Period | Total | Chile to Paraguay | Paraguay to Chile |
|---|---|---|---|
| 2021 | 1,115.6 | 117.1 | 998.5 |
| 2022 | 1,280.6 | 127.1 | 1,153.5 |
| 2023 | 1,365.8 | 136.2 | 1,229.6 |
| 2024 | 1,090.3 | 158.3 | 932.1 |
| 2025 | 1,154.7 | 171.4 | 983.2 |
Connections between people
Residents, study and travel
Blank cells: data unavailable. Each measure retains its definition and period.
| Indicator | Value | Period / source |
|---|---|---|
| Residents from Chile living in Paraguay | ||
| Residents from Paraguay living in Chile | ||
| Study and training: Chile in Paraguay | ||
| Study and training: Paraguay in Chile | ||
| Academic stays: Chile in Paraguay | ||
| Academic stays: Paraguay in Chile | ||
| Travel: Chile to Paraguay | ||
| Travel: Paraguay to Chile |
What each figure measures
Residents are counted by nationality and the coverage of the stated register, not as people born in the other country or as new arrivals in one year. PERE includes dual nationals and people born outside Spain. Study with OPT and stays carrying academic credit are different measures. Travel may include several visits by the same person; FRONTUR arrivals require an overnight stay, whereas the Canadian survey includes day visits. These figures are neither added together nor automatically compared across directions.
Mobility data added or reviewed: 2026-10-07. Reference periods may be earlier.
Underlying ties
History, institutions and long-standing issues.
Bilateral context
Chile recognised Paraguayan independence in 1843, the date considered the start of relations. Chile’s 1996 economic framework with Mercosur includes Paraguay; the sixty-sixth additional protocol, a bilateral agreement with nineteen chapters, entered into force in 2024. [1]
The scale of both economies
Nominal GDP for Chile is 357.4 billion USD (2025), compared with 49.3 for Paraguay (2025). The reference populations are 19.86 and 7.01 million, respectively. In the same year, the economy of Chile was 7.25 times that of Paraguay in nominal GDP. The comparison provides context on market size, but does not, on its own, measure influence, well-being or diplomatic closeness. Estimates and their sources retain their labels in the tables. [4] [5] [6] [7]
Recent developments
Recent developments and latest available data · Review: 2026-10-08
Cooperation and bilateral issues
Institutional cooperation includes exchanges between diplomatic academies, trafficking prevention and investigation and victim protection, as well as work between anti-drug and police agencies. The profile also recalls Paraguayan humanitarian assistance to Chileans affected by natural disasters. A memorandum created a high-level commission to implement the agreement concerning the storage facility and free zone for Paraguayan goods in Antofagasta; the mechanism’s existence does not by itself confirm full operation. Gabriel Boric made an official visit to Paraguay in 2024. [1]
What merchandise trade shows
In 2025, merchandise trade between the two countries (Chile and Paraguay) totalled 1,154.7 million current USD. Shipments from the first to the second were 171.4 million; those in the opposite direction, 983.2 million. The difference between the two flows was 811.8 million, in favour of Paraguay. This is a goods balance, not the total balance of the economic relationship: it excludes services, income and transfers. Both directions come from a single customs reporter to avoid adding mirror records. [2]
Five years of trade trends
The consistent series shows 1,115.6 million USD in 2021 and 1,154.7 million in 2025. The change between the two endpoints was +3.5 % in current dollars. The highest annual value in the period was recorded in 2023, at 1,365.8 million. The chart allows the two directions to be compared to see whether they moved together or differently. The change combines quantities, prices and exchange rates; it is not automatically attributed to a treaty, a visit or a political decision. The same reporter is retained and missing years are not interpolated. [2]
Documented trade sectors
Within the selected chapters, pharmaceutical products stands out in shipments from Chile to Paraguay, at 20.1 million USD in 2025. Within the selected chapters, meat and edible offal stands out in shipments from Paraguay to Chile, at 646.1 million USD in 2025. The table compares eight selected chapters with the same coverage as the trade total. It is not a complete list or proof that the first item in this selection is the leading product across the entire relationship. A chapter groups numerous goods: machinery and components, for example, do not describe a single business transaction. [3]
Sources and data
Periods and scope of the figures
Institutional sources and periods accompany each figure. Annual trade, investment positions, residents and visits are distinct measures. Empty cells do not mean zero. Statements of intent are not presented as project implementation or treaties in force.
- Bilateral relations — CHL-PRY
www.minrel.gob.cl · Institutional source · Accessed: 2026-10-08
- UN Comtrade annual data; reused verified primary payload, not re-downloaded
UN Comtrade · Institutional source · Accessed: 2026-10-08
- Bounded matrix; reporter, partner, year, chapter and direction identified in each record
UN Comtrade · Institutional source · Accessed: 2026-10-08
- NY.GDP.MKTP.CD; country ISO and year preserved; no military data; exact requested country subset independently re-fetched and values compared
World Bank · Institutional source · Accessed: 2026-10-07
- NY.GDP.MKTP.CD; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; country ISO and year preserved; no military data; exact requested country subset independently re-fetched and values compared
World Bank · Institutional source · Accessed: 2026-10-07
- SP.POP.TOTL; ISO and reference year; no military dataset expansion
World Bank · Institutional source · Accessed: 2026-10-07
Additional sources on products and human connections
- UN Comtrade
2026-10-08 · Accessed: 2026-10-08 · Bounded matrix; reporter, partner, year, chapter and direction identified in each record.