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 / 195
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195

About

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.

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 15.2%,  from $561k in 2018 to $208k in 2023.

In 2023, Cuba 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, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.41M in 2023.

In 2018, 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 15.2%, from $561k in 2023 to $208k in 2018.

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

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

Latest Data

Trade between Paraguay (Flag) and Cuba (Flag)

Paraguay Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Paraguay - Cuba

Flow
Scale

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

During 2023, Paraguay had a large net trade with Cuba in the exports of Animal Products ($537k), Chemical Products ($420k), and Foodstuffs ($221k).

During 2018, Cuba had a large net trade with Paraguay in the exports of Foodstuffs ($125k), Chemical Products ($82.9k), and Miscellaneous ($290).

Economic Complexity

Competitive Landscape

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

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

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