Paraguay (PRY) and Barbados (BRB) Trade | The Observatory of Economic Complexity

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Paraguay-Barbados Trade: In 2022, Paraguay exported $70.6k to Barbados. The main products that Paraguay exported to Barbados were Wadding ($70.6k). Over the past 7 years the exports of Paraguay to Barbados have decreased at an annualized rate of 9.84%, from $146k in 2015 to $70.6k in 2022.

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

Barbados-Paraguay Trade: In 2022, Barbados exported $231k to Paraguay. The main products that Barbados exported to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). Over the past 7 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%, from $305k in 2015 to $231k in 2022.

In 2022, Barbados 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, Barbados ranked 176 in total exports ($393M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Paraguay exported $70.6k to Barbados. The main products exported from Paraguay to Barbados were Wadding ($70.6k). During the last 7 years the exports of Paraguay to Barbados have decreased at an annualized rate of 9.84%, from $146k in 2015 to $70.6k in 2022.

In 2017, Barbados exported $231k to Paraguay. The main products exported from Barbados to Paraguay were Hard Liquor ($230k), Insulated Wire ($122), and Worked Ivory and Bone ($88). During the last 5 years the exports of Barbados to Paraguay have decreased at an annualized rate of 5.45%, from $305k in 2022 to $231k in 2017.

Exports from Paraguay () to Barbados () (2022)

Exports from Barbados () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Barbados ()

Barbados Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Barbados
Top DestinationUnited States$88.6M

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

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

In 2022, countries that imported more from Barbados than Paraguay included Jamaica ($43.3M), Trinidad and Tobago ($33.8M), and Guyana ($29.7M).

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

Comparative Advantage Paraguay - Barbados

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Barbados in the exports of Textiles ($70.6k).

During 2017, Barbados had a large net trade with Paraguay in the exports of Foodstuffs ($230k), Machines ($122), and Miscellaneous ($88).

Potential Exports

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Barbados () (2022)

Exports from Barbados () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Barbados ()

Barbados Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Barbados

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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