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2023
Flag → Flag
Exports $502kRnk 133 / 196
2023
Flag → Flag
Top Product $141kOther Plastic Products
2023
Flag → Flag
Exports $722kRnk 101 / 153
2023
Flag → Flag
Top Product $562kWood Charcoal
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 195
2023
Flag
 GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC $36,551CURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 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

Cyprus-Paraguay Trade: In 2023, Cyprus exported $502k to Paraguay. The main products that Cyprus exported to Paraguay were Other Plastic Products ($141k), Medical Instruments ($84.2k), and Hard Liquor ($50.4k). Over the past 5 years the exports of Cyprus to Paraguay have increased at an annualized rate of 16.5%, from $234k in 2018 to $502k in 2023.

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

Paraguay-Cyprus Trade: In 2023, Paraguay exported $722k to Cyprus. The main products that Paraguay exported to Cyprus were Wood Charcoal ($562k), Fruit Juice ($123k), and Rolled Tobacco ($24.5k). Over the past 5 years the exports of Paraguay to Cyprus have increased at an annualized rate of 22%,  from $267k in 2018 to $722k in 2023.

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

Comparison In 2023,  Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index. 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, Cyprus exported $502k to Paraguay. The main products exported from Cyprus to Paraguay were Other Plastic Products ($141k), Medical Instruments ($84.2k), and Hard Liquor ($50.4k). During the last 5 years the exports of Cyprus to Paraguay have increased at an annualized rate of 16.5%, from $234k in 2018 to $502k in 2023.

In 2018, Paraguay exported $722k to Cyprus. The main products exported from Paraguay to Cyprus were Wood Charcoal ($562k), Fruit Juice ($123k), and Rolled Tobacco ($24.5k). During the last 5 years the exports of Paraguay to Cyprus have increased at an annualized rate of 22%, from $267k in 2023 to $722k in 2018.

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

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

Latest Data

Trade between Cyprus (Flag) and Paraguay (Flag)

Cyprus Exports

Paraguay Exports

Market Competitiveness

Color
Cyprus
Top DestinationLibya$775M
Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Cyprus than Paraguay included Libya ($775M), Greece ($626M), and Lebanon ($438M).

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

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

Comparative Advantage Cyprus - Paraguay

Flow
Scale

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

During 2023, Cyprus had a large net trade with Paraguay in the exports of Plastics and Rubbers ($141k), Machines ($94.6k), and Instruments ($84.2k).

During 2018, Paraguay had a large net trade with Cyprus in the exports of Wood Products ($562k), Foodstuffs ($148k), and Chemical Products ($9.95k).

Economic Complexity

Competitive Landscape

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

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

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