Kuwait (KWT) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Kuwait-Paraguay Trade: In 2023, Kuwait exported $19.9M to Paraguay. The main products that Kuwait exported to Paraguay were Refined Petroleum ($19.9M), Sodium or Potassium Peroxides ($32.1k), and Pearl Products ($216). Over the past 8 years the exports of Kuwait to Paraguay have increased at an annualized rate of 24.2%, from $3.52M in 2015 to $19.9M in 2023.

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

Paraguay-Kuwait Trade: In 2023, Paraguay exported $25.5M to Kuwait. The main products that Paraguay exported to Kuwait were Frozen Bovine Meat ($23M), Wood Charcoal ($1.84M), and Poultry Meat ($232k). Over the past 8 years the exports of Paraguay to Kuwait have decreased at an annualized rate of 1.25%, from $27.1M in 2015 to $25.5M in 2023.

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

Comparison: In 2023, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B). 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, Kuwait exported $19.9M to Paraguay. The main products exported from Kuwait to Paraguay were Refined Petroleum ($19.9M), Sodium or Potassium Peroxides ($32.1k), and Pearl Products ($216). During the last 8 years the exports of Kuwait to Paraguay have increased at an annualized rate of 24.2%, from $3.52M in 2015 to $19.9M in 2023.

In 2018, Paraguay exported $25.5M to Kuwait. The main products exported from Paraguay to Kuwait were Frozen Bovine Meat ($23M), Wood Charcoal ($1.84M), and Poultry Meat ($232k). During the last 5 years the exports of Paraguay to Kuwait have decreased at an annualized rate of 1.25%, from $27.1M in 2023 to $25.5M in 2018.

Exports from Kuwait () to Paraguay () (2023)

Exports from Paraguay () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Paraguay ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$17.4B

Paraguay
Top DestinationArgentina$4B

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

In 2023, countries that imported more from Kuwait than Paraguay included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

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

Comparative Advantage Kuwait - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Kuwait had a large net trade with Paraguay in the exports of Mineral Products ($19.9M), Chemical Products ($32.1k), and Precious Metals ($216).

During 2018, Paraguay had a large net trade with Kuwait in the exports of Animal Products ($23.2M), Wood Products ($1.84M), and Animal and Vegetable Bi-Products ($174k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Kuwait Paraguay+$11.8MRefined Petroleum

Top Product Potential Paraguay Kuwait+$382kPackaged Medicaments

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 Kuwait and Paraguay. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Paraguay. Similarly, a dot/product with the flag of Paraguay indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Paraguay () (2023)

Exports from Paraguay () to Kuwait () (2023)

Latest Data

Trade between Kuwait () and Paraguay ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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