Paraguay (PRY) and Kuwait (KWT) Trade | The Observatory of Economic Complexity

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Paraguay-Kuwait Trade: In 2023, Paraguay exported $25.5M to Kuwait. The main products that Paraguay exported to Kuwait were Frozen Bovine Meat ($23M), Wood Charcoal ($1.84M), and Poultry Meat ($232k). Over the past 5 years the exports of Paraguay to Kuwait have decreased at an annualized rate of 1.25%, from $27.1M in 2018 to $25.5M in 2023.

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

Kuwait-Paraguay In N/A, Kuwait did not export any products to Paraguay.

In 2023, Kuwait 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, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $25.5M to Kuwait. The main products exported from Paraguay to Kuwait were Frozen Bovine Meat ($23M), Wood Charcoal ($1.84M), and Poultry Meat ($232k). During the last 5 years the exports of Paraguay to Kuwait have decreased at an annualized rate of 1.25%, from $27.1M in 2018 to $25.5M in 2023.

Kuwait does not register exports to Paraguay. The main products exported from Kuwait to Paraguay were Refined Petroleum ($19.9M), Sodium or Potassium Peroxides ($32.1k), and Pearl Products ($216).

Exports from Paraguay () to Kuwait () (2023)

Exports from Kuwait () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Kuwait ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Kuwait
Top DestinationChina$17.4B

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

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

In 2023, countries that imported more from Kuwait than Paraguay included China ($17.4B), India ($9.51B), and Japan ($9.13B).

Difference in imports from Kuwait () and Paraguay () (2023)

Comparative Advantage Paraguay - Kuwait

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Kuwait in the exports of Animal Products ($23.2M), Wood Products ($1.84M), and Animal and Vegetable Bi-Products ($174k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Paraguay Kuwait+$382kPackaged Medicaments

Top Product Potential Kuwait Paraguay+$11.8MRefined 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 Kuwait. This means that a dot/product with the flag of Paraguay indicates it has a comparative advantage over Kuwait. Similarly, a dot/product with the flag of Kuwait indicates it has a comparative advantage over Paraguay.

About

Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Kuwait () (2023)

Exports from Kuwait () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Kuwait ()

Paraguay Exports

Market Competitiveness

Difference in imports from Kuwait () and Paraguay () (2023)

Comparative Advantage Paraguay - Kuwait

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Paraguay () and Kuwait () (2023)

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