Paraguay (PRY) and Jamaica (JAM) Trade | The Observatory of Economic Complexity

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Paraguay-Jamaica Trade: In 2022, Paraguay exported $5.27k to Jamaica. The main products that Paraguay exported to Jamaica were Other Nuts ($2.76k), Sowing Seeds ($2.45k), and Other Oily Seeds ($64). Over the past 5 years the exports of Paraguay to Jamaica have decreased at an annualized rate of 30.3%, from $32.1k in 2017 to $5.27k in 2022.

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

Jamaica-Paraguay Trade: In 2022, Jamaica exported $106 to Paraguay. The main products that Jamaica exported to Paraguay were Iron Fasteners ($106). Over the past 5 years the exports of Jamaica to Paraguay have decreased at an annualized rate of 53.3%, from $4.76k in 2017 to $106 in 2022.

In 2022, Jamaica 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, Jamaica ranked 72 in the Economic Complexity Index (ECI -0.17), and 145 in total exports ($1.95B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $5.27k to Jamaica. The main products exported from Paraguay to Jamaica were Other Nuts ($2.76k), Sowing Seeds ($2.45k), and Other Oily Seeds ($64). During the last 5 years the exports of Paraguay to Jamaica have decreased at an annualized rate of 30.3%, from $32.1k in 2017 to $5.27k in 2022.

In 2017, Jamaica exported $106 to Paraguay. The main products exported from Jamaica to Paraguay were Iron Fasteners ($106). During the last 5 years the exports of Jamaica to Paraguay have decreased at an annualized rate of 53.3%, from $4.76k in 2022 to $106 in 2017.

Exports from Paraguay () to Jamaica () (2022)

Exports from Jamaica () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Jamaica ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Jamaica
Top DestinationUnited States$1.11B

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

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

In 2022, countries that imported more from Jamaica than Paraguay included United States ($1.11B), Canada ($81M), and Iceland ($39.5M).

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

Comparative Advantage Paraguay - Jamaica

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Jamaica in the exports of Vegetable Products ($5.27k).

During 2017, Jamaica had a large net trade with Paraguay in the exports of Metals ($106).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Jamaica+$2.75kSowing Seeds

Top Product Potential Jamaica Paraguay+$3.31kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Jamaica () (2022)

Exports from Jamaica () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Jamaica ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Jamaica

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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