Paraguay (PRY) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Paraguay-Bermuda Trade: In 2022, Paraguay exported $40 to Bermuda. The main products that Paraguay exported to Bermuda were Live Fish ($40). Over the past 7 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 22.5%, from $239 in 2015 to $40 in 2022.

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

Bermuda-Paraguay Trade: In 2022, Bermuda exported $141 to Paraguay. The main products that Bermuda exported to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($95) and Rubber Pipes ($46). Over the past 7 years the exports of Bermuda to Paraguay have decreased at an annualized rate of 53.6%, from $6.55k in 2015 to $141 in 2022.

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

Comparison In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). That same year, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $40 to Bermuda. The main products exported from Paraguay to Bermuda were Live Fish ($40). During the last 7 years the exports of Paraguay to Bermuda have decreased at an annualized rate of 22.5%, from $239 in 2015 to $40 in 2022.

In 2017, Bermuda exported $141 to Paraguay. The main products exported from Bermuda to Paraguay were Motor vehicles; parts and accessories (8701 to 8705) ($95) and Rubber Pipes ($46). During the last 5 years the exports of Bermuda to Paraguay have decreased at an annualized rate of 53.6%, from $6.55k in 2022 to $141 in 2017.

Exports from Paraguay () to Bermuda () (2022)

Exports from Bermuda () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Bermuda ()

Paraguay Exports

Date

Mar 2020

Mar 2017

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Bermuda
Top DestinationZambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Paraguay included Zambia ($17.5M), Tanzania ($5.76M), and Zimbabwe ($4.06M).

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

Comparative Advantage Paraguay - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Bermuda in the exports of Animal Products ($40).

During 2017, Bermuda had a large net trade with Paraguay in the exports of Transportation ($95) and Plastics and Rubbers ($46).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Bermuda () (2022)

Exports from Bermuda () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Bermuda ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Bermuda

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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