Flag Trinidad and Tobago / Paraguay Flag

Exports Flag β†’ Flag  (2018): $29.9k, Rnk 77 / 104

Top Product Flag β†’ Flag (2018): $15.2k, Mattresses

Exports Flag β†’ Flag (2018): $28.5k, Rnk 127 / 141

Top Product Flag β†’ Flag (2018): $28.5k, Rubber Tires

Economic Complexity of Flag (2018): ECI 0.13, Rnk 60 / 137

Economic Complexity of Flag (2018): ECI -0.48, Rnk 87 / 137

GDP Flag (2018): $23.8B, CURRENT US$
Rnk 112 / 196

GDP GROWTH Flag (2008-2018): -14.6%, CURRENT US$
Rnk 189 / 196

GDP Flag (2018): $40.5B, CURRENT US$
Rnk 94 / 196

GDP GROWTH Flag (2008-2018): 64.8%, CURRENT US$
Rnk 63 / 196

GDP PC Flag (2018): $17,130, CURRENT US$
Rnk 54 / 196

GDP PC GROWTH Flag (2008-2018): -19.2%, CURRENT US$
Rnk 182 / 196

GDP PC Flag (2018): $5,822, CURRENT US$
Rnk 106 / 196

GDP PC GROWTH Flag (2008-2018): 44%, CURRENT US$
Rnk 53 / 196

Trinidad and Tobago-Paraguay: In 2018, Trinidad and Tobago exported $29.9k to Paraguay. The main products that Trinidad and Tobago exported to Paraguay are Mattresses ($15.2k), Centrifuges ($7.19k), and Vehicle Parts ($6.32k). During the last 23 years the exports of Trinidad and Tobago to Paraguay have decreased at an annualized rate of 4.42%, from $84.5k in 1995 to $29.9k in 2018.

In 2018, Trinidad and Tobago did not exported services to Paraguay.

Paraguay-Trinidad and Tobago: In 2018, Paraguay exported $28.5k to Trinidad and Tobago . The main products that Paraguay exported to Trinidad and Tobago were Rubber Tires ($28.5k). During the last 23 years the exports of Trinidad and Tobago to Paraguay have decreased at an annualized rate of 4.42%, from $84.5k in 1995 to $29.9k in 2018.

In 2018, Paraguay did not exported services to Trinidad and Tobago.

Comparison: In 2018,  Trinidad and Tobago ranked 60 in the Economic Complexity Index (ECI 0.13), and 88 in total exports ($9.94B). That same year, Paraguay ranked 87 in the Economic Complexity Index (ECI -0.48), and 101 in total exports ($7.14B).

Bilateral Trade by Products

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Depth
Value

In 2018, Trinidad and Tobago exported $29.9k to Paraguay. The main products exported from Trinidad and Tobago to Paraguay were Mattresses ($15.2k), Centrifuges ($7.19k), and Vehicle Parts ($6.32k). During the last 23 years the exports of Trinidad and Tobago to Paraguay have decreased at an annualized rate of 4.42%, from $84.5k in 1995 to $29.9k in 2018.

In 2018, Paraguay exported $28.5k to Trinidad and Tobago. The main products exported from Paraguay to Trinidad and Tobago were Rubber Tires ($28.5k). During the last 23 years the exports of Paraguay to Trinidad and Tobago have decreased at an annualized rate of 5.06%, from $94.1k in 1995 to $28.5k in 2018.

Market Competitiveness

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Measure

Trinidad and Tobago
Top Destination
: United States, $3.36B

Paraguay
Top Destination
: Argentina, $1.73B

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

In 2018, countries that imported more from Trinidad and Tobago than Paraguay were United States ($3.36B), Guyana ($707M), and Spain ($476M).

In 2018, countries that imported more from Paraguay than Trinidad and Tobago were Argentina ($1.73B), Russia ($785M), and Brazil ($1.17B).

Comparative Advantage Trinidad and Tobago - Paraguay

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Depth

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

During 2018, Trinidad and Tobago had a large net trade with Paraguay in the exports of Miscellaneous ($15.2k), Machines ($8.32k), and Transportation ($6.32k).

During 2018, Paraguay had a large net trade with Trinidad and Tobago in the exports of Plastics and Rubbers ($28.5k).

Tariff Section

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This section shows import tariffs for products traded between Trinidad and Tobago and Paraguay (using the HS6 product classification and the last year reported).

In 2013, the products from Trinidad and Tobago that paid the highest import tariffs to enter Paraguay were Vermouth and other flavoured grape wines - pack > 2l (321%) and Undenatured ethyl alcohol > 80% by volume (263%).

In 2018, the products from Paraguay that paid the highest import tariffs to enter Trinidad and Tobago were Aluminium sulphate (35%) and Containers nes, outer surface plastic or textile (35%).

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*The tariffs present between Trinidad and Tobago and Paraguay are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between ${linkedName1} and ${linkedName2}. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

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Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Trinidad and Tobago has comparative advantage over Paraguay. Similarly, the more red a dot/product is, the more Paraguay has comparative advantage over Trinidad and Tobago.