Barbados (BRB) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

About

Barbados-Paraguay Trade: In 2022, Barbados exported $231k to Paraguay. The main products that Barbados exported to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). Over the past 5 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%, from $305k in 2017 to $231k in 2022.

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

Paraguay-Barbados In N/A, Paraguay did not export any products to Barbados.

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Barbados exported $231k to Paraguay. The main products exported from Barbados to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). During the last 5 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%, from $305k in 2017 to $231k in 2022.

Paraguay does not register exports to Barbados. The main products exported from Paraguay to Barbados were Wadding ($70.6k).

Exports from Barbados () to Paraguay () (2022)

Exports from Paraguay () to Barbados () (2022)

Latest Data

Trade between Barbados () and Paraguay ()

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Barbados than Paraguay included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Difference in imports from Paraguay () and Barbados () (2022)

Comparative Advantage Barbados - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Paraguay in the exports of Foodstuffs ($230k), Machines ($122), and Miscellaneous ($88).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Paraguay () (2022)

Exports from Paraguay () to Barbados () (2022)

Latest Data

Trade between Barbados () and Paraguay ()

Barbados Exports

Market Competitiveness

Difference in imports from Paraguay () and Barbados () (2022)

Comparative Advantage Barbados - Paraguay

Economic Complexity

Competitive Landscape

Product Space of Barbados () and Paraguay () (2022)

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