2023
Flag  
GDP
$8.14BCURRENT US$
Rnk 153 / 195
2013-2023
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 123 / 195
2023
Flag
 GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC 
$125,842CURRENT US$
Rnk 3 / 195
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 91 / 195
2023
Flag
GDP PC
$6,276CURRENT US$
Rnk 111 / 196
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195

About

Bermuda-Paraguay Trade: In 2023, Bermuda exported $29.8k to Paraguay. The main products that Bermuda exported to Paraguay were Other Plastic Sheetings ($29.6k), Rubber Pipes ($136), and Metal Mountings ($93). Over the past 6 years the exports of Bermuda to Paraguay have increased at an annualized rate of 28.6%, from $6.6k in 2017 to $29.8k in 2023.

In 2023, Bermuda did not export any services to Paraguay.

Paraguay-Bermuda Trade: In 2023, Paraguay exported $40 to Bermuda. The main products that Paraguay exported to Bermuda were N/A. Over the past 6 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 90.3%,  from $4.61M in 2017 to $40 in 2023.

In 2023, Paraguay did not export any services to Bermuda.

Comparison In 2023,  Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Bermuda exported $29.8k to Paraguay. The main products exported from Bermuda to Paraguay were Other Plastic Sheetings ($29.6k), Rubber Pipes ($136), and Metal Mountings ($93). During the last 6 years the exports of Bermuda to Paraguay have increased at an annualized rate of 28.6%, from $6.6k in 2017 to $29.8k in 2023.

In 2017, Paraguay exported $40 to Bermuda. There were not main exports from Paraguay to Bermuda in 2017. During the last 5 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 90.3%, from $4.61M in 2022 to $40 in 2017.

Exports from Bermuda (Flag) to Paraguay (Flag) (2023)

Exports from Paraguay (Flag) to Bermuda (Flag) (2023)

Latest Data

Trade between Bermuda (Flag) and Paraguay (Flag)

Paraguay Exports

Date

Market Competitiveness

Color
Bermuda
Top Destination
Germany$101M
Paraguay
Top Destination
Argentina$4B

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

In 2023, countries that imported more from Bermuda than Paraguay included South Africa ($96.3M), Germany ($101M), and Zambia ($1.45M).

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

Difference in imports from Paraguay (Flag) and Bermuda (Flag) (2023)

Comparative Advantage Bermuda - Paraguay

Flow
Scale

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

During 2023, Bermuda had a large net trade with Paraguay in the exports of Plastics and Rubbers ($29.7k) and Metals ($93).

During 2017, Paraguay had a large net trade with Bermuda in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Paraguay (Flag) (2023)

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