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2022
Flag → Flag
Exports $141Rnk 82 / 89
2022
Flag → Flag
Top Product $95Motor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $40Rnk 158 / 158
2022
Flag → Flag
Top Product $40Live Fish
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Bermuda-Paraguay Trade: In 2022, Bermuda exported $141 to Paraguay. The main products that Bermuda exported to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($95) and Rubber Pipes ($46). Over the past 6 years the exports of Bermuda to Paraguay have decreased at an annualized rate of 56.8%, from $21.8k in 2016 to $141 in 2022.

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

Paraguay-Bermuda Trade: In 2022, Paraguay exported $40 to Bermuda. The main products that Paraguay exported to Bermuda were Live Fish ($40). Over the past 6 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 81.1%,  from $4.61M in 2016 to $40 in 2022.

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

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), 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
Value

In 2022, Bermuda exported $141 to Paraguay. The main products exported from Bermuda to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($95) and Rubber Pipes ($46). During the last 6 years the exports of Bermuda to Paraguay have decreased at an annualized rate of 56.8%, from $21.8k in 2016 to $141 in 2022.

In 2017, Paraguay exported $40 to Bermuda. The main products exported from Paraguay to Bermuda were Live Fish ($40). During the last 5 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 81.1%, from $4.61M in 2022 to $40 in 2017.

Exports from Bermuda (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Bermuda (Flag) (2022)

Latest Data

Trade between Bermuda (Flag) and Paraguay (Flag)

Paraguay Exports

Date

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Bermuda than Paraguay included Zambia ($17.5M), Tanzania ($5.76M), and Zimbabwe ($4.06M).

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

Difference in imports from Paraguay (Flag) and Bermuda (Flag) (2022)

Comparative Advantage Bermuda - Paraguay

Flow
Scale

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

During 2022, Bermuda had a large net trade with Paraguay in the exports of Transportation ($95) and Plastics and Rubbers ($46).

During 2017, Paraguay had a large net trade with Bermuda in the exports of Animal Products ($40).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Paraguay (Flag) (2022)

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