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2023
Flag → Flag
Exports $245kRnk 120 / 153
2023
Flag → Flag
Top Product $245kEdible Offal
2023
Flag → Flag
Exports $125kRnk 71 / 139
2023
Flag → Flag
Top Product $124kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH-2.48%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Paraguay-Barbados Trade: In 2023, Paraguay exported $245k to Barbados. The main products that Paraguay exported to Barbados were Edible Offal ($245k). Over the past 7 years the exports of Paraguay to Barbados have increased at an annualized rate of 10.6%, from $121k in 2016 to $245k in 2023.

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

Barbados-Paraguay Trade: In 2023, Barbados exported $125k to Paraguay. The main products that Barbados exported to Paraguay were Hard Liquor ($124k) and Electric Motors ($1.04k). Over the past 7 years the exports of Barbados to Paraguay have increased at an annualized rate of 3.42%,  from $106k in 2016 to $125k in 2023.

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

Comparison In 2023,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42),  and 94 in total exports ($12.2B). That same year, Barbados ranked 171 in total exports ($421M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $245k to Barbados. The main products exported from Paraguay to Barbados were Edible Offal ($245k). During the last 7 years the exports of Paraguay to Barbados have increased at an annualized rate of 10.6%, from $121k in 2016 to $245k in 2023.

In 2018, Barbados exported $125k to Paraguay. The main products exported from Barbados to Paraguay were Hard Liquor ($124k) and Electric Motors ($1.04k). During the last 5 years the exports of Barbados to Paraguay have increased at an annualized rate of 3.42%, from $106k in 2023 to $125k in 2018.

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

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

Latest Data

Trade between Paraguay (Flag) and Barbados (Flag)

Barbados Exports

Market Competitiveness

Color
Paraguay
Top DestinationArgentina$4B
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Barbados than Paraguay included Jamaica ($71.2M), Trinidad and Tobago ($33.7M), and Guyana ($24.6M).

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

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 2023, Paraguay had a large net trade with Barbados in the exports of Animal Products ($245k).

During 2018, Barbados had a large net trade with Paraguay in the exports of Foodstuffs ($124k) and Machines ($1.04k).

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) (2023)

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