2023
Flag  
GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
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GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
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GDP PC 
$6,276CURRENT US$
Rnk 111 / 195
2013-2023
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GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195

About

Paraguay-British Virgin Islands Trade: In 2023, Paraguay exported $89.1k to British Virgin Islands. The main products that Paraguay exported to British Virgin Islands were Rolled Tobacco ($88k) and Other Vegetable Residues ($1.08k). Over the past 5 years the exports of Paraguay to British Virgin Islands have decreased at an annualized rate of 27.8%, from $454k in 2018 to $89.1k in 2023.

In 2023, Paraguay did not export any services to British Virgin Islands.

British Virgin Islands-Paraguay Trade: In 2023, British Virgin Islands exported $14.8k to Paraguay. The main products that British Virgin Islands exported to Paraguay were N/A. Over the past 5 years the exports of British Virgin Islands to Paraguay have decreased at an annualized rate of 36%,  from $138k in 2018 to $14.8k in 2023.

In 2023, British Virgin Islands 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, British Virgin Islands ranked 178 in total exports ($281M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $89.1k to British Virgin Islands. The main products exported from Paraguay to British Virgin Islands were Rolled Tobacco ($88k) and Other Vegetable Residues ($1.08k). During the last 5 years the exports of Paraguay to British Virgin Islands have decreased at an annualized rate of 27.8%, from $454k in 2018 to $89.1k in 2023.

In 2017, British Virgin Islands exported $14.8k to Paraguay. There were not main exports from British Virgin Islands to Paraguay in 2017. During the last 5 years the exports of British Virgin Islands to Paraguay have decreased at an annualized rate of 36%, from $138k in 2022 to $14.8k in 2017.

Exports from Paraguay (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Paraguay (Flag) (2023)

Latest Data

Trade between Paraguay (Flag) and British Virgin Islands (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top Destination
Argentina$4B
British Virgin Islands
Top Destination
Malta$93.7M

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

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

In 2023, countries that imported more from British Virgin Islands than Paraguay included Malta ($93.7M), Guyana ($61.6M), and Greece ($30.3M).

Difference in imports from British Virgin Islands (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - British Virgin Islands

Flow
Scale

This chart compares trade between Paraguay and British Virgin Islands by product, considering products traded by both, Paraguay and British Virgin Islands.

During 2023, Paraguay had a large net trade with British Virgin Islands in the exports of Foodstuffs ($89.1k).

During 2017, British Virgin Islands had a large net trade with Paraguay in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Paraguay (Flag) and British Virgin Islands (Flag) (2023)

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