Trade Trend

In 2023, Paraguay's total export value is 11.89Billion USD, total import value is 16.13Billion USD, Deficit is -4.24Billion USD, and foreign trade dependency is 0.652. In 2023，Paraguay's top export products are Soya beans, whether or not broken(3.42Billion USD), Electrical energy(1.57Billion USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(885.11Million USD), top export destinations are Argentina(4.29Billion USD), Brazil(3.01Billion USD), Chile(1.15Billion USD). In 2023, Paraguay's top import products are Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(2.08Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(1.98Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(551.89Million USD), top import origins are China(5.43Billion USD), Brazil(3.92Billion USD), United States(1.28Billion USD).

Comparing to 2022, Paraguay's total export value increased 1.94Billion USD(19.52%) in 2023, this could result from its export increases of products such as Soya beans, whether or not broken(2.20Billion USD or 179.09%), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(298.82Million USD or 50.97%), Rice(121.53Million USD or 41.43%) and export increases to countries/economics such as Argentina(2.38Billion USD or 124.62%), Netherlands(157.03Million USD or 267.47%), Hong Kong CN(88.46Million USD or 210.64%). Comparing to 2022, Paraguay's total import value increased 254.80Million USD(1.60%) in 2023, this could result from its import increases of products such as Telephone sets, including smartphones and other telephones for cellular/wireless networks; other apparatus for the transmission or reception of voice, images or other data (including wired/wireless networks), excluding items of 8443, 8525, 8527, or 8528(876.36Million USD or 72.95%), Electrical machines and apparatus; having individual functions, not specified or included elsewhere in this chapter(53.93Million USD or 84.76%), Video game consoles and machines, articles for funfair, table or parlour games, including pintables, billiards, special tables for casino games and automatic bowling alley equipment(53.23Million USD or 123.27%), and its import increases from countries/economies such as China(739.76Million USD or 15.77%), Brazil(243.77Million USD or 6.63%), Germany(56.27Million USD or 19.68%).

Cumulated to first 7 months of 2024, Paraguay's total export value is 5.04Billion USD, total import value is 6.98Billion USD, and tradedeficit is -1.94Billion USD. Cumulated to first 7 months of 2024, Paraguay's top export products are Soya beans, whether or not broken(1.79Billion USD), Electrical energy(607.61Million USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(349.20Million USD), and top export destinations are Argentina(2.07Billion USD), Brazil(1.47Billion USD), Chile(378.62Million USD). Cumulated to first 7 months of 2024, Paraguay's top import products are Soya beans, whether or not broken(1.79Billion USD), Electrical energy(607.61Million USD), Oilcake and other solid residues; whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil(349.20Million USD), and top import origins areChina(2.37Billion USD), Brazil(1.58Billion USD), United States(514.73Million USD).