Jamaica (JAM) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Jamaica-Paraguay Trade: In 2023, Jamaica exported $51.8k to Paraguay. The main products that Jamaica exported to Paraguay were Scrap Plastic ($48.7k), Other Plastic Sheetings ($2.84k), and Navigation Equipment ($255). Over the past 6 years the exports of Jamaica to Paraguay have increased at an annualized rate of 48.9%, from $4.76k in 2017 to $51.8k in 2023.

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

Paraguay-Jamaica Trade: In 2023, Paraguay exported $6.91k to Jamaica. The main products that Paraguay exported to Jamaica were Sowing Seeds ($5.09k) and Other Oily Seeds ($1.82k). Over the past 6 years the exports of Paraguay to Jamaica have decreased at an annualized rate of 38.2%, from $76.5k in 2017 to $6.91k in 2023.

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

Comparison: In 2023, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Jamaica exported $51.8k to Paraguay. The main products exported from Jamaica to Paraguay were Scrap Plastic ($48.7k), Other Plastic Sheetings ($2.84k), and Navigation Equipment ($255). During the last 6 years the exports of Jamaica to Paraguay have increased at an annualized rate of 48.9%, from $4.76k in 2017 to $51.8k in 2023.

In 2018, Paraguay exported $6.91k to Jamaica. The main products exported from Paraguay to Jamaica were Sowing Seeds ($5.09k) and Other Oily Seeds ($1.82k). During the last 5 years the exports of Paraguay to Jamaica have decreased at an annualized rate of 38.2%, from $76.5k in 2023 to $6.91k in 2018.

Exports from Jamaica () to Paraguay () (2023)

Exports from Paraguay () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Jamaica
Top DestinationUnited States$709M

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Jamaica than Paraguay included United States ($709M), Latvia ($131M), and Iceland ($127M).

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

Difference in imports from Paraguay () and Jamaica () (2023)

Comparative Advantage Jamaica - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Jamaica had a large net trade with Paraguay in the exports of Plastics and Rubbers ($51.6k) and Machines ($255).

During 2018, Paraguay had a large net trade with Jamaica in the exports of Vegetable Products ($6.91k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Jamaica Paraguay+$3.31kRefined Petroleum

Top Product Potential Paraguay Jamaica+$2.75kSowing Seeds

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Jamaica () to Paraguay () (2023)

Exports from Paraguay () to Jamaica () (2023)

Latest Data

Trade between Jamaica () and Paraguay ()

Paraguay Exports

Market Competitiveness

Difference in imports from Paraguay () and Jamaica () (2023)

Comparative Advantage Jamaica - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Jamaica () and Paraguay () (2023)

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