2022
Flag  
GDP
$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
Flag
GDP GROWTH
25.3%CURRENT US$
Rnk 110 / 186
2022
Flag
 GDP
$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH
6.04%CURRENT US$
Rnk 152 / 186
2022
Flag
GDP PC 
$6,153CURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP PC GROWTH
9.46%CURRENT US$
Rnk 120 / 186
2022
Flag
GDP PC
$43,233CURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP PC GROWTH
-15.7%CURRENT US$
Rnk 166 / 186

About

Paraguay-Kuwait Trade: In 2022, Paraguay exported $36M to Kuwait. The main products that Paraguay exported to Kuwait were Frozen Bovine Meat ($32.4M), Wood Charcoal ($2.88M), and Edible Offal ($250k). Over the past 5 years the exports of Paraguay to Kuwait have increased at an annualized rate of 5.89%, from $27.1M in 2017 to $36M in 2022.

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

Kuwait-Paraguay Trade: In 2022, Kuwait exported $37M to Paraguay. The main products that Kuwait exported to Paraguay were Refined Petroleum ($36.9M), Ethylene Polymers ($67.6k), and Electrical Transformers ($22.9k). Over the past 5 years the exports of Kuwait to Paraguay have increased at an annualized rate of 64.7%,  from $3.05M in 2017 to $37M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $36M to Kuwait. The main products exported from Paraguay to Kuwait were Frozen Bovine Meat ($32.4M), Wood Charcoal ($2.88M), and Edible Offal ($250k). During the last 5 years the exports of Paraguay to Kuwait have increased at an annualized rate of 5.89%, from $27.1M in 2017 to $36M in 2022.

In 2017, Kuwait exported $37M to Paraguay. The main products exported from Kuwait to Paraguay were Refined Petroleum ($36.9M), Ethylene Polymers ($67.6k), and Electrical Transformers ($22.9k). During the last 5 years the exports of Kuwait to Paraguay have increased at an annualized rate of 64.7%, from $3.05M in 2022 to $37M in 2017.

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

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

Latest Data

Trade between Paraguay (Flag) and Kuwait (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top Destination
Brazil$3.67B
Kuwait
Top Destination
China$24.3B

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

In 2022, countries that imported more from Kuwait than Paraguay included China ($24.3B), India ($15B), and South Korea ($10.8B).

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

Comparative Advantage Paraguay - Kuwait

Flow
Scale

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

During 2022, Paraguay had a large net trade with Kuwait in the exports of Animal Products ($32.6M), Wood Products ($2.92M), and Chemical Products ($241k).

During 2017, Kuwait had a large net trade with Paraguay in the exports of Mineral Products ($36.9M), Plastics and Rubbers ($67.6k), and Machines ($22.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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