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Pricing

2022
Flag → Flag
Exports $76.3kRnk 97 / 149
2022
Flag → Flag
Top Product $33.9kVideo Recording Equipment
2022
Flag → Flag
Exports $105kRnk 133 / 158
2022
Flag → Flag
Top Product $40kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 186
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC $18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186
2022
Flag
GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Trinidad and Tobago-Paraguay Trade: In 2022, Trinidad and Tobago exported $76.3k 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 increased at an annualized rate of 117%, from $1.6k in 2017 to $76.3k in 2022.

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

Paraguay-Trinidad and Tobago Trade: In 2022, Paraguay exported $105k 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 decreased at an annualized rate of 33%,  from $782k in 2017 to $105k in 2022.

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

Comparison In 2022,  Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index. That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Trinidad and Tobago exported $76.3k 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 5 years the exports of Trinidad and Tobago to Paraguay have increased at an annualized rate of 117%, from $1.6k in 2017 to $76.3k in 2022.

In 2017, Paraguay exported $105k 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 decreased at an annualized rate of 33%, from $782k in 2022 to $105k in 2017.

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

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

Latest Data

Trade between Trinidad and Tobago (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Trinidad and Tobago
Top DestinationUnited States$4.91B
Paraguay
Top DestinationBrazil$3.67B

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

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

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

Comparative Advantage Trinidad and Tobago - Paraguay

Flow
Scale

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

During 2022, 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).

During 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Trinidad and Tobago Paraguay+$30.9kHard Liquor
Top Product Potential Paraguay Trinidad and Tobago+$2.01kCorn

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

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

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

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