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Pricing

2022
Flag → Flag
Exports $113kRnk 84 / 0
2022
Flag → Flag
Exports $41.2kRnk 87 / 123
2022
Flag → Flag
Top Product $17.5kStone Processing Machines
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 81 / 132
2023
Flag  
GDP$43BCURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP GROWTH11.6%CURRENT US$
Rnk 152 / 195
2023
Flag
 GDP$27.4BCURRENT US$
Rnk 113 / 195
2013-2023
Flag
GDP GROWTH-4.66%CURRENT US$
Rnk 174 / 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$20,016CURRENT US$
Rnk 64 / 196
2013-2023
Flag
GDP PC GROWTH-6.54%CURRENT US$
Rnk 162 / 195

About

Paraguay-Trinidad and Tobago Trade: In 2022, Paraguay exported $113k to Trinidad and Tobago. The main products that Paraguay exported to Trinidad and Tobago were N/A. Over the past 5 years the exports of Paraguay to Trinidad and Tobago have decreased at an annualized rate of 32.2%, from $791k in 2017 to $113k in 2022.

In 2022, Paraguay did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Paraguay Trade: In 2022, Trinidad and Tobago exported $41.2k to Paraguay. The main products that Trinidad and Tobago exported to Paraguay were Stone Processing Machines ($17.5k), Hard Liquor ($13.7k), and Other Engines ($7.62k). Over the past 5 years the exports of Trinidad and Tobago to Paraguay have increased at an annualized rate of 3.54%,  from $34.6k in 2017 to $41.2k in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 98 in total exports ($11.7B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Paraguay exported $113k to Trinidad and Tobago. There were not main exports from Paraguay to Trinidad and Tobago in 2022. During the last 5 years the exports of Paraguay to Trinidad and Tobago have decreased at an annualized rate of 32.2%, from $791k in 2017 to $113k in 2022.

In 2018, Trinidad and Tobago exported $41.2k to Paraguay. The main products exported from Trinidad and Tobago to Paraguay were Stone Processing Machines ($17.5k), Hard Liquor ($13.7k), and Other Engines ($7.62k). During the last 5 years the exports of Trinidad and Tobago to Paraguay have increased at an annualized rate of 3.54%, from $34.6k in 2023 to $41.2k in 2018.

Exports from Paraguay (Flag) to Trinidad and Tobago (Flag) (2023)

Exports from Trinidad and Tobago (Flag) to Paraguay (Flag) (2023)

Latest Data

Trade between Paraguay (Flag) and Trinidad and Tobago (Flag)

Paraguay Exports

Market Competitiveness

Color
Paraguay
Top DestinationArgentina$4B
Trinidad and Tobago
Top DestinationUnited States$3.26B

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

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

In 2023, countries that imported more from Trinidad and Tobago than Paraguay included United States ($3.26B), China ($783M), and Guyana ($625M).

Difference in imports from Trinidad and Tobago (Flag) and Paraguay (Flag) (2023)

Comparative Advantage Paraguay - Trinidad and Tobago

Flow
Scale

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

During 2022, Paraguay had a large net trade with Trinidad and Tobago in the exports of .

During 2018, Trinidad and Tobago had a large net trade with Paraguay in the exports of Machines ($26.4k), Foodstuffs ($13.7k), and Metals ($995).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Paraguay Trinidad and Tobago+$2.01kCorn
Top Product Potential Trinidad and Tobago Paraguay+$30.9kHard Liquor

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

Product Space of Paraguay (Flag) and Trinidad and Tobago (Flag) (2023)

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