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2022
Flag → Flag
Exports $570kRnk 109 / 158
2022
Flag → Flag
Top Product $329kFrozen Bovine Meat
2022
Flag → Flag
Exports $251kRnk 71 / 123
2022
Flag → Flag
Top Product $131kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
Flag  
GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC $6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Paraguay-Cuba Trade: In 2022, Paraguay exported $570k to Cuba. The main products that Paraguay exported to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). Over the past 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%, from $874k in 2017 to $570k in 2022.

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

Cuba-Paraguay Trade: In 2022, Cuba exported $251k to Paraguay. The main products that Cuba exported to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). Over the past 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%,  from $555k in 2017 to $251k in 2022.

In 2022, Cuba 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, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $570k to Cuba. The main products exported from Paraguay to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). During the last 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%, from $874k in 2017 to $570k in 2022.

In 2017, Cuba exported $251k to Paraguay. The main products exported from Cuba to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). During the last 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%, from $555k in 2022 to $251k in 2017.

Exports from Paraguay (Flag) to Cuba (Flag) (2022)

Exports from Cuba (Flag) to Paraguay (Flag) (2022)

Latest Data

Trade between Paraguay (Flag) and Cuba (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top DestinationBrazil$3.67B
Cuba
Top DestinationChina$426M

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

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

In 2022, countries that imported more from Cuba than Paraguay included China ($426M), Spain ($139M), and Portugal ($43.3M).

Difference in imports from Cuba (Flag) and Paraguay (Flag) (2022)

Comparative Advantage Paraguay - Cuba

Flow
Scale

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

During 2022, Paraguay had a large net trade with Cuba in the exports of Animal Products ($356k), Chemical Products ($214k), and Instruments ($20).

During 2017, Cuba had a large net trade with Paraguay in the exports of Foodstuffs ($190k), Chemical Products ($45.8k), and Machines ($14.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Paraguay (Flag) and Cuba (Flag) (2022)

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