2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186

About

Paraguay-Cuba In 2022, Paraguay exported $570k to Cuba. The main products that Paraguay exported to Cuba are Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). During the last 23 years the exports of Paraguay to Cuba have increased at an annualized rate of 31.1%, from $1.13k in 1999 to $570k in 2022.

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

Cuba-Paraguay 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). During the last 23 years the exports of Cuba to Paraguay have increased at an annualized rate of 17.2%, from $6.56k in 1999 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 23 years the exports of Paraguay to Cuba have increased at an annualized rate of 31.1%, from $1.13k in 1999 to $570k in 2022.

In 2022, 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 27 years the exports of Cuba to Paraguay have increased at an annualized rate of 17.2%, from $6.56k in 1995 to $251k in 2022.

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 Destination
Brazil$3.67B
Cuba
Top Destination
China$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 2021, countries that imported more from Paraguay than Cuba were Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

In 2021, countries that imported more from Cuba than Paraguay were 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 2022, 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 show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Paraguay has comparative advantage over Cuba. Similarly, the more yellow a dot/product is, the more Cuba has comparative advantage over Paraguay.

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

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