South America It is bordered on the west by the Pacific Ocean and on the north and east by the Atlantic Ocean; North America and the Caribbean Sea lie to the northwest. It includes twelve sovereign states Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador,Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela – and two non-sovereign areas – French Guiana, an overseas territory of France, and the Falkland Islands, a British Overseas Territory. In addition to this, Trinidad and Tobago and theABC islands of the Netherlands may also be considered part of South America.