2023
Flag
 GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC
$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195

About

Cuba-Paraguay Trade: In 2023, Cuba exported $208k to Paraguay. The main products that Cuba exported to Paraguay were Rolled Tobacco ($125k), Vaccines, blood, antisera, toxins and cultures ($68k), and Packaged Medicaments ($14.9k). Over the past 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 18%, from $561k in 2018 to $208k in 2023.

In 2023, Cuba did not export any services to Paraguay.

Paraguay-Cuba Trade: In 2023, Paraguay exported $1.41M to Cuba. The main products that Paraguay exported to Cuba were Poultry Meat ($440k), Packaged Medicaments ($387k), and Other Prepared Meat ($206k). Over the past 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 16.5%,  from $3.47M in 2018 to $1.41M in 2023.

In 2023, Paraguay did not export any services to Cuba.

Comparison: In 2023,  Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $208k to Paraguay. The main products exported from Cuba to Paraguay were Rolled Tobacco ($125k), Vaccines, blood, antisera, toxins and cultures ($68k), and Packaged Medicaments ($14.9k). During the last 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 18%, from $561k in 2018 to $208k in 2023.

In 2018, Paraguay exported $1.41M to Cuba. The main products exported from Paraguay to Cuba were Poultry Meat ($440k), Packaged Medicaments ($387k), and Other Prepared Meat ($206k). During the last 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 16.5%, from $3.47M in 2023 to $1.41M in 2018.

Exports from Cuba (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Cuba (Flag) (2023)

Latest Data

Trade between Cuba (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Cuba
Top Destination
China$358M
Paraguay
Top Destination
Argentina$4B

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

In 2023, countries that imported more from Cuba than Paraguay included China ($358M), Spain ($129M), and Cyprus ($42.5M).

In 2023, countries that imported more from Paraguay than Cuba included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

Difference in imports from Paraguay (Flag) and Cuba (Flag) (2023)

Comparative Advantage Cuba - Paraguay

Flow
Scale

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

During 2023, Cuba had a large net trade with Paraguay in the exports of Foodstuffs ($125k), Chemical Products ($82.9k), and Miscellaneous ($290).

During 2018, Paraguay had a large net trade with Cuba in the exports of Animal Products ($537k), Chemical Products ($420k), and Foodstuffs ($221k).

Economic Complexity

Competitive Landscape

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

Product Space of Cuba (Flag) and Paraguay (Flag) (2023)

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