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2022
Flag → Flag
Exports $598kRnk 67 / 126
2022
Flag → Flag
Top Product $502kTug Boats
2022
Flag → Flag
Exports $5.63MRnk 60 / 158
2022
Flag → Flag
Top Product $3.48MSoybean Oil
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag
 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Venezuela-Paraguay Trade: In 2022, Venezuela exported $598k to Paraguay. The main products that Venezuela exported to Paraguay were Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). Over the past 5 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 31.5%, from $3.97M in 2017 to $598k in 2022.

In 2022, Venezuela did not export any services to Paraguay.

Paraguay-Venezuela Trade: In 2022, Paraguay exported $5.63M to Venezuela. The main products that Paraguay exported to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). Over the past 5 years the exports of Paraguay to Venezuela have increased at an annualized rate of 16.6%,  from $2.61M in 2017 to $5.63M in 2022.

In 2022, Paraguay did not export any services to Venezuela.

Comparison: In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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, Venezuela exported $598k to Paraguay. The main products exported from Venezuela to Paraguay were Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). During the last 5 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 31.5%, from $3.97M in 2017 to $598k in 2022.

In 2017, Paraguay exported $5.63M to Venezuela. The main products exported from Paraguay to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). During the last 5 years the exports of Paraguay to Venezuela have increased at an annualized rate of 16.6%, from $2.61M in 2022 to $5.63M in 2017.

Exports from Venezuela (Flag) to Paraguay (Flag) (2022)

Exports from Paraguay (Flag) to Venezuela (Flag) (2022)

Latest Data

Trade between Venezuela (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Venezuela than Paraguay included China ($703M), Turkey ($597M), and Spain ($518M).

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

Difference in imports from Paraguay (Flag) and Venezuela (Flag) (2022)

Comparative Advantage Venezuela - Paraguay

Flow
Scale

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

During 2022, Venezuela had a large net trade with Paraguay in the exports of Transportation ($502k), Machines ($45.5k), and Metals ($28.2k).

During 2017, Paraguay had a large net trade with Venezuela in the exports of Animal and Vegetable Bi-Products ($3.48M), Chemical Products ($661k), and Textiles ($611k).

Economic Complexity

Competitive Landscape

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

Product Space of Venezuela (Flag) and Paraguay (Flag) (2022)

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