Argentina - Paraguay Trade 2024 Whole Year: Heavy Import Reliance
Key Market Takeaways: Argentina - Paraguay Trade
The bilateral trade relationship between Argentina and Paraguay is marked by growth in exports but dominated by a heavy import reliance in 2024.
- Economic Pulse: Argentina posted a $1.87B trade deficit with Paraguay ($1.44B exports vs. $3.31B imports), driven by volatile import swings (e.g., -72.65% YoY in December).
- Exchange Structure: Argentina - Paraguay trade statistics reveal a resource-for-resource exchange—Argentina supplies mineral fuels (34% of exports) while Paraguay provides oilseeds (88% of imports).
- Strategic Interdependence: The partnership hinges on complementary bulk commodity flows, with Paraguay acting as a critical agricultural supplier to Argentina.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Argentina-Paraguay Trade Trend in Whole Year 2024
Argentina Export Performance: Shipments to Paraguay
- Total Volume: $1.44B in 2024.
- Growth Trend & Context:
- Exports to Paraguay showed consistent YoY growth, ranging from +11.12% (Aug) to +31.78% (Dec).
- No specific trade news or policy changes were reported to explain this trend.
- Key Volatility: March saw the highest MoM surge (+25.31%), while June recorded the sharpest drop (-21.81%).
Argentina Import Performance: Sourcing from Paraguay
- Total Volume: $3.31B in 2024.
- Growth Trend & Context:
- Imports fluctuated sharply, with YoY swings from -72.65% (Dec) to +70.37% (Jan).
- No external events were cited to contextualize the volatility.
- Key Volatility: February had the highest MoM jump (+194.65%), while December posted the steepest decline (-51.09% MoM, -72.65% YoY).
Argentina - Paraguay Trade Balance & Market Dynamics
- Net Position: Argentina ran a trade deficit of $-1.87B (Exports $1.44B vs. Imports $3.31B).
- Relationship Status: Heavy reliance on imports from Paraguay, outweighing export revenues by 2.3x.
Argentina Import Trend from Paraguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 114.71M | -64.26% | 70.37% |
| Feb | 337.98M | 194.65% | 45.77% |
| Mar | 430.99M | 27.52% | -44.42% |
| Apr | 334.65M | -22.35% | -31.57% |
| May | 371.04M | 10.87% | 23.45% |
| Jun | 319.65M | -13.85% | -4.1% |
| Jul | 411.08M | 28.6% | 38.35% |
| Aug | 247.19M | -39.87% | -32.47% |
| Sep | 244.69M | -1.01% | -1.84% |
| Oct | 234.90M | -4.0% | 7.24% |
| Nov | 179.44M | -23.61% | -31.47% |
| Dec | 87.76M | -51.09% | -72.65% |
| Total | 3.31B | - | - |
Argentina Export Trend to Paraguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 94.86M | 2.98% | 21.32% |
| Feb | 97.30M | 2.57% | 18.12% |
| Mar | 121.92M | 25.31% | 17.89% |
| Apr | 122.49M | 0.47% | 26.91% |
| May | 138.39M | 12.98% | 19.18% |
| Jun | 108.21M | -21.81% | 14.34% |
| Jul | 127.59M | 17.91% | 17.73% |
| Aug | 127.07M | -0.4% | 11.12% |
| Sep | 129.29M | 1.74% | 15.43% |
| Oct | 123.35M | -4.59% | 15.56% |
| Nov | 126.33M | 2.41% | 25.62% |
| Dec | 121.38M | -3.92% | 31.78% |
| Total | 1.44B | - | - |
Get Historical Argentina Paraguay Trade Records
Argentina-Paraguay Top Trading Products in Whole Year 2024
Argentina Export Profile: What Does Argentina Sell to Paraguay
- Top Commodity: HS Code 27 (Mineral fuels, oils) dominates at 34.03% of exports.
- Demand Driver: Paraguay relies on Argentina for energy supplies, likely refined petroleum products.
- Concentration: The top two categories (HS 27 and 99) account for 60% of exports, indicating high reliance on a narrow basket.
Argentina Import Profile: What Does Argentina Buy from Paraguay
- Top Commodity: HS Code 12 (Oilseeds, grains) makes up 87.59% of imports, overwhelmingly soybeans or related products.
- Dependency Nature: Argentina sources agricultural bulk commodities from Paraguay, reflecting regional food supply chain integration.
Argentina - Paraguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Argentina supplies energy (HS 27) while Paraguay provides agricultural raw materials (HS 12).
- Value Chain Position: Argentina holds a slight edge with processed energy exports, but both trade low-value-added bulk commodities. The imbalance (87.59% single-category imports vs. diversified exports) suggests Paraguay is a critical agricultural supplier.
Import Analysis by Product: Paraguay to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 2.90B | 87.59% |
| 27 | 157.19M | 4.74% |
| 85 | 64.43M | 1.94% |
| 08 | 37.72M | 1.14% |
| 83 | 28.92M | 0.87% |
| 48 | 13.82M | 0.42% |
| 76 | 9.55M | 0.29% |
| 39 | 9.23M | 0.28% |
| 19 | 8.55M | 0.26% |
| 94 | 8.31M | 0.25% |
Export Analysis by Product: Argentina to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 489.41M | 34.03% |
| 99 | 373.01M | 25.94% |
| 87 | 99.35M | 6.91% |
| 30 | 68.78M | 4.78% |
| 38 | 58.91M | 4.10% |
| 33 | 35.97M | 2.50% |
| 19 | 34.84M | 2.42% |
| 21 | 29.52M | 2.05% |
| 39 | 29.34M | 2.04% |
| 96 | 28.15M | 1.96% |
Check Detailed Argentina-Paraguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Argentina’s trade with Paraguay is expected to remain volatile but structurally resilient in the near term. The persistent deficit (-$1.87B) reflects Paraguay’s dominance as a supplier of agricultural bulk commodities (HS 12), while Argentina’s energy exports (HS 27) face stable but limited upside. Given the heavy concentration in soy-related imports (87.59%), any shifts in global grain demand or weather disruptions could amplify price swings. However, the resource-for-resource complementarity suggests sustained trade flows, with potential for modest export growth if Argentina expands refined fuel shipments.
Strategic Moves
- Diversify Import Sources: Reduce overreliance on Paraguayan soy by securing alternative suppliers in Brazil or Bolivia to mitigate supply chain shocks.
- Lock in Energy Export Contracts: Negotiate long-term supply agreements for refined petroleum (HS 27) to stabilize revenue streams amid fluctuating demand.
- Monitor Agricultural Trade Policies: Track Paraguay’s export regulations and Argentina’s domestic biofuel mandates, which could abruptly alter HS 12 trade volumes.
Frequently Asked Questions
How did Argentina - Paraguay trade perform in 2024 Whole Year?
Argentina exported $1.44B to Paraguay, showing consistent YoY growth, while imports from Paraguay totaled $3.31B with sharp fluctuations. The trade deficit for Argentina was $-1.87B.
What are the top exports from Argentina to Paraguay?
Argentina's top exports to Paraguay are Mineral fuels and oils (HS Code 27), accounting for 34.03% of shipments, reflecting Paraguay's reliance on Argentine energy supplies.
What does Argentina import from Paraguay?
Argentina primarily imports Oilseeds and grains (HS Code 12) from Paraguay, making up 87.59% of total imports, dominated by soybeans or related products.
What is the trade balance between Argentina and Paraguay?
Argentina recorded a trade deficit of $-1.87B with Paraguay in 2024, with imports exceeding exports by 2.3x. The imbalance highlights heavy reliance on Paraguayan agricultural supplies.
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