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Pricing

2022
Flag → Flag
Exports $70.6kRnk 138 / 158
2022
Flag → Flag
Top Product $70.6kWadding
2022
Flag → Flag
Exports $231kRnk 62 / 139
2022
Flag → Flag
Top Product $230kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

About

Paraguay-Barbados Trade: In 2022, Paraguay exported $70.6k to Barbados. The main products that Paraguay exported to Barbados were Wadding ($70.6k). Over the past 7 years the exports of Paraguay to Barbados have decreased at an annualized rate of 9.84%, from $146k in 2015 to $70.6k in 2022.

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

Barbados-Paraguay Trade: In 2022, Barbados exported $231k to Paraguay. The main products that Barbados exported to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). Over the past 7 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%,  from $305k in 2015 to $231k in 2022.

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

Comparison In 2022,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34),  and 103 in total exports ($10.1B). That same year, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $70.6k to Barbados. The main products exported from Paraguay to Barbados were Wadding ($70.6k). During the last 7 years the exports of Paraguay to Barbados have decreased at an annualized rate of 9.84%, from $146k in 2015 to $70.6k in 2022.

In 2017, Barbados exported $231k to Paraguay. The main products exported from Barbados to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). During the last 5 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%, from $305k in 2022 to $231k in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Paraguay
Top DestinationBrazil$3.67B
Barbados
Top DestinationUnited States$88.6M

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

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

In 2022, countries that imported more from Barbados than Paraguay included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Paraguay - Barbados

Flow
Scale

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

During 2022, Paraguay had a large net trade with Barbados in the exports of Textiles ($70.6k).

During 2017, Barbados had a large net trade with Paraguay in the exports of Foodstuffs ($230k), Machines ($122), and Miscellaneous ($88).

Economic Complexity

Competitive Landscape

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

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

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