2023
Flag  
GDP
$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH
11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP
$17.2BCURRENT US$
Rnk 130 / 195
2013-2023
Flag
GDP GROWTH
312%CURRENT US$
Rnk 1 / 195
2023
Flag
GDP PC 
$6,276CURRENT US$
Rnk 111 / 195
2013-2023
Flag
GDP PC GROWTH
-2.48%CURRENT US$
Rnk 157 / 195
2023
Flag
GDP PC
$20,765CURRENT US$
Rnk 63 / 196
2013-2023
Flag
GDP PC GROWTH
274%CURRENT US$
Rnk 1 / 195

About

Paraguay-Guyana Trade: In 2023, Paraguay exported $1.19M to Guyana. The main products that Paraguay exported to Guyana were Print Production Machinery ($1.07M), Prefabricated Buildings ($88.9k), and Non-Knit Men's Suits ($20.8k). Over the past 19 years the exports of Paraguay to Guyana have increased at an annualized rate of 6.24%, from $377k in 2004 to $1.19M in 2023.

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

Guyana-Paraguay Trade: In 2023, Guyana exported $1.07k to Paraguay. The main products that Guyana exported to Paraguay were Iron Fasteners ($598), Other Furniture ($451), and Harvesting Machinery ($20). Over the past 19 years the exports of Guyana to Paraguay have decreased at an annualized rate of 6.93%,  from $1.53k in 2004 to $1.07k in 2023.

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

Comparison In 2023,  Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42),  and 94 in total exports ($12.2B). That same year, Guyana ranked 84 in total exports ($17.4B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Paraguay exported $1.19M to Guyana. The main products exported from Paraguay to Guyana were Print Production Machinery ($1.07M), Prefabricated Buildings ($88.9k), and Non-Knit Men's Suits ($20.8k). During the last 19 years the exports of Paraguay to Guyana have increased at an annualized rate of 6.24%, from $377k in 2004 to $1.19M in 2023.

In 2018, Guyana exported $1.07k to Paraguay. The main products exported from Guyana to Paraguay were Iron Fasteners ($598), Other Furniture ($451), and Harvesting Machinery ($20). During the last 5 years the exports of Guyana to Paraguay have decreased at an annualized rate of 6.93%, from $1.53k in 2023 to $1.07k in 2018.

Exports from Paraguay (Flag) to Guyana (Flag) (2023)

Exports from Guyana (Flag) to Paraguay (Flag) (2023)

Market Competitiveness

Color
Paraguay
Top Destination
Argentina$4B
Guyana
Top Destination
United States$3.51B

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

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

In 2023, countries that imported more from Guyana than Paraguay included United States ($3.51B), Trinidad and Tobago ($1.9B), and Singapore ($1.66B).

Difference in imports from Guyana (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - Guyana

Flow
Scale

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

During 2023, Paraguay had a large net trade with Guyana in the exports of Machines ($1.07M), Miscellaneous ($92.4k), and Textiles ($20.8k).

During 2018, Guyana had a large net trade with Paraguay in the exports of Metals ($598), Miscellaneous ($451), and Machines ($20).

Economic Complexity

Competitive Landscape

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

Product Space of Paraguay (Flag) and Guyana (Flag) (2023)

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