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2022
Flag → Flag
Exports $598kRnk 67 / 126
2022
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Top Product $502kTug Boats
2022
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Exports $5.63MRnk 60 / 158
2022
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Top Product $3.48MSoybean Oil
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
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Economic Complexity (ECI) ECI -0.34Rnk 81 / 133
2022
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 GDP$41.7BCURRENT US$
Rnk 96 / 186
2012-2022
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GDP GROWTH25.3%CURRENT US$
Rnk 110 / 186
2022
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GDP PC$6,153CURRENT US$
Rnk 102 / 186
2012-2022
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GDP PC GROWTH9.46%CURRENT US$
Rnk 120 / 186

About

Venezuela-Paraguay In 2022, Venezuela exported $598k to Paraguay. The main products that Venezuela exported to Paraguay are Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). During the last 27 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 3.78%, from $1.69M in 1995 to $598k in 2022.

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

Paraguay-Venezuela In 2022, Paraguay exported $5.63M to Venezuela. The main products that Paraguay exported to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). During the last 27 years the exports of Paraguay to Venezuela have decreased at an annualized rate of 5.04%, from $22.8M in 1995 to $5.63M in 2022.

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

Comparison In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). That same year, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Venezuela exported $598k to Paraguay. The main products exported from Venezuela to Paraguay were Tug Boats ($502k), Valves ($42.8k), and Copper Springs ($27.8k). During the last 27 years the exports of Venezuela to Paraguay have decreased at an annualized rate of 3.78%, from $1.69M in 1995 to $598k in 2022.

In 2022, Paraguay exported $5.63M to Venezuela. The main products exported from Paraguay to Venezuela were Soybean Oil ($3.48M), Packaged Medicaments ($658k), and Starches ($363k). During the last 27 years the exports of Paraguay to Venezuela have decreased at an annualized rate of 5.04%, from $22.8M in 1995 to $5.63M in 2022.

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

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

Latest Data

Trade between Venezuela (Flag) and Paraguay (Flag)

Paraguay Exports

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Paraguay
Top DestinationBrazil$3.67B

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

In 2021, countries that imported more from Venezuela than Paraguay were China ($703M), Turkey ($597M), and Spain ($518M).

In 2021, countries that imported more from Paraguay than Venezuela were Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Venezuela - Paraguay

Flow
Scale

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

During 2022, Venezuela had a large net trade with Paraguay in the exports of Transportation ($502k), Machines ($45.5k), and Metals ($28.2k).

During 2022, Paraguay had a large net trade with Venezuela in the exports of Animal and Vegetable Bi-Products ($3.48M), Chemical Products ($661k), and Textiles ($611k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Venezuela has comparative advantage over Paraguay. Similarly, the more yellow a dot/product is, the more Paraguay has comparative advantage over Venezuela.

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

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