Paraguay (PRY) and Cuba (CUB) Trade | The Observatory of Economic Complexity

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Paraguay-Cuba Trade: In 2022, Paraguay exported $570k to Cuba. The main products that Paraguay exported to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). Over the past 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%, from $874k in 2017 to $570k in 2022.

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

Cuba-Paraguay Trade: In 2022, Cuba exported $251k to Paraguay. The main products that Cuba exported to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). Over the past 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%, from $555k in 2017 to $251k in 2022.

In 2022, Cuba 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, Cuba ranked 161 in total exports ($1.07B), 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 $570k to Cuba. The main products exported from Paraguay to Cuba were Frozen Bovine Meat ($329k), Soap ($173k), and Packaged Medicaments ($41.4k). During the last 5 years the exports of Paraguay to Cuba have decreased at an annualized rate of 8.18%, from $874k in 2017 to $570k in 2022.

In 2017, Cuba exported $251k to Paraguay. The main products exported from Cuba to Paraguay were Rolled Tobacco ($131k), Hard Liquor ($59.6k), and Packaged Medicaments ($42.8k). During the last 5 years the exports of Cuba to Paraguay have decreased at an annualized rate of 14.7%, from $555k in 2022 to $251k in 2017.

Exports from Paraguay () to Cuba () (2022)

Exports from Cuba () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Cuba ()

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Cuba
Top DestinationChina$426M

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

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

In 2022, countries that imported more from Cuba than Paraguay included China ($426M), Spain ($139M), and Portugal ($43.3M).

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

Comparative Advantage Paraguay - Cuba

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Cuba in the exports of Animal Products ($356k), Chemical Products ($214k), and Instruments ($20).

During 2017, Cuba had a large net trade with Paraguay in the exports of Foodstuffs ($190k), Chemical Products ($45.8k), and Machines ($14.8k).

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Cuba () (2022)

Exports from Cuba () to Paraguay () (2022)

Latest Data

Trade between Paraguay () and Cuba ()

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Cuba

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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