Bahamas (BHS) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Bahamas-Paraguay Trade: In 2022, Bahamas exported $9.79k to Paraguay. The main products that Bahamas exported to Paraguay were Audio Alarms ($7.96k), Broadcasting Equipment ($1.56k), and Plastic Lids ($240). Over the past 7 years the exports of Bahamas to Paraguay have decreased at an annualized rate of 44.2%, from $584k in 2015 to $9.79k in 2022.

In 2022, Bahamas did not export any services to Paraguay.

Paraguay-Bahamas Trade: In 2022, Paraguay exported $1.08M to Bahamas. The main products that Paraguay exported to Bahamas were Poultry Meat ($816k), Frozen Bovine Meat ($144k), and Edible Offal ($120k). Over the past 7 years the exports of Paraguay to Bahamas have increased at an annualized rate of 320%, from $824 in 2015 to $1.08M in 2022.

In 2022, Paraguay did not export any services to Bahamas.

Comparison In 2022, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index. That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bahamas exported $9.79k to Paraguay. The main products exported from Bahamas to Paraguay were Audio Alarms ($7.96k), Broadcasting Equipment ($1.56k), and Plastic Lids ($240). During the last 7 years the exports of Bahamas to Paraguay have decreased at an annualized rate of 44.2%, from $584k in 2015 to $9.79k in 2022.

In 2017, Paraguay exported $1.08M to Bahamas. The main products exported from Paraguay to Bahamas were Poultry Meat ($816k), Frozen Bovine Meat ($144k), and Edible Offal ($120k). During the last 5 years the exports of Paraguay to Bahamas have increased at an annualized rate of 320%, from $824 in 2022 to $1.08M in 2017.

Exports from Bahamas () to Paraguay () (2022)

Exports from Paraguay () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bahamas
Top DestinationUnited States$1.4B

Paraguay
Top DestinationBrazil$3.67B

This map shows whether countries import more from Bahamas or Paraguay. Each country is colored based on the difference in imports they receive from Bahamas and Paraguay or the difference in the growth in imports.

In 2022, countries that imported more from Bahamas than Paraguay included United States ($1.4B), Cote d'Ivoire ($576M), and Germany ($255M).

In 2022, countries that imported more from Paraguay than Bahamas included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

Difference in imports from Paraguay () and Bahamas () (2022)

Comparative Advantage Bahamas - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Bahamas and Paraguay by product, considering products traded by both, Bahamas and Paraguay.

During 2022, Bahamas had a large net trade with Paraguay in the exports of Machines ($9.54k), Plastics and Rubbers ($240), and Miscellaneous ($12).

During 2017, Paraguay had a large net trade with Bahamas in the exports of Animal Products ($1.08M), Foodstuffs ($873), and Machines ($829).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Bahamas and Paraguay. This means that a dot/product with the flag of Bahamas indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Bahamas.

About

Historical Data

Bilateral Trade by Products

Exports from Bahamas () to Paraguay () (2022)

Exports from Paraguay () to Bahamas () (2022)

Latest Data

Trade between Bahamas () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Bahamas () (2022)

Comparative Advantage Bahamas - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Bahamas () and Paraguay () (2022)

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