Paraguay (PRY) and Trinidad and Tobago (TTO) Trade | The Observatory of Economic Complexity

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Paraguay-Trinidad and Tobago Trade: In 2022, Paraguay exported $782k to Trinidad and Tobago. The main products that Paraguay exported to Trinidad and Tobago were Other Oily Seeds ($40k), Buckwheat ($33.6k), and Cars ($20.8k). Over the past 5 years the exports of Paraguay to Trinidad and Tobago have increased at an annualized rate of 67.3%, from $59.7k in 2017 to $782k in 2022.

In 2022, Paraguay did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Paraguay Trade: In 2022, Trinidad and Tobago exported $1.6k to Paraguay. The main products that Trinidad and Tobago exported to Paraguay were Video Recording Equipment ($33.9k), Sauces and Seasonings ($19.2k), and Scales ($7.05k). Over the past 5 years the exports of Trinidad and Tobago to Paraguay have decreased at an annualized rate of 54.8%, from $84.5k in 2017 to $1.6k in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $782k to Trinidad and Tobago. The main products exported from Paraguay to Trinidad and Tobago were Other Oily Seeds ($40k), Buckwheat ($33.6k), and Cars ($20.8k). During the last 5 years the exports of Paraguay to Trinidad and Tobago have increased at an annualized rate of 67.3%, from $59.7k in 2017 to $782k in 2022.

In 2017, Trinidad and Tobago exported $1.6k to Paraguay. The main products exported from Trinidad and Tobago to Paraguay were Video Recording Equipment ($33.9k), Sauces and Seasonings ($19.2k), and Scales ($7.05k). During the last 22 years the exports of Trinidad and Tobago to Paraguay have decreased at an annualized rate of 54.8%, from $84.5k in 1995 to $1.6k in 2017.

Exports from Paraguay () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Trinidad and Tobago ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Trinidad and Tobago
Top DestinationUnited States$4.91B

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

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

In 2022, countries that imported more from Trinidad and Tobago than Paraguay included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago () and Paraguay () (2022)

Comparative Advantage Paraguay - Trinidad and Tobago

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Trinidad and Tobago in the exports of Vegetable Products ($76.3k), Transportation ($20.8k), and Foodstuffs ($8.06k).

During 2017, Trinidad and Tobago had a large net trade with Paraguay in the exports of Machines ($46.7k), Foodstuffs ($22.6k), and Chemical Products ($6.45k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Trinidad and Tobago+$2.01kCorn

Top Product Potential Trinidad and Tobago Paraguay+$30.9kHard Liquor

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Trinidad and Tobago () (2022)

Exports from Trinidad and Tobago () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Trinidad and Tobago ()

Paraguay Exports

Market Competitiveness

Difference in imports from Trinidad and Tobago () and Paraguay () (2022)

Comparative Advantage Paraguay - Trinidad and Tobago

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Trinidad and Tobago () (2022)

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