Argentina - Paraguay Trade 2025 Q2: Volatile Deficit Trends

Key Market Takeaways: Argentina - Paraguay Trade

The bilateral trade relationship between Argentina and Paraguay is marked by a growing but volatile trade deficit in Q2 2025.

• Economic Pulse: Argentina posted a $678.64M trade deficit with Paraguay ($1.03B imports vs. $351.36M exports), driven by uneven YoY performance—June exports rebounded (+10.17%) while imports fluctuated.
• Exchange Structure: Argentina - Paraguay trade statistics reveal a resource-for-tech complementarity: Argentina exports industrial/consumer goods (HS 99, 27; 58.91% combined share) but relies heavily on Paraguayan agricultural imports (HS 12; 75.06% share).
• Strategic Interdependence: The partnership reflects asymmetric dependency—Argentina holds higher value-add in exports, while Paraguay dominates critical raw material supply.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Argentina-Paraguay Trade Trend in Q2 2025

Argentina Export Performance: Shipments to Paraguay

• Total Volume: $351.36M in Q2 2025.
• Growth Trend & Context:
  • YoY decline in April (-10.88%) and May (-11.13%), but June rebounded with +10.17% growth.
  • No specific trade news to explain the mixed YoY performance.
• Key Volatility: May saw the highest MoM growth (+12.66%), while June dipped (-3.06%).

Argentina Import Performance: Sourcing from Paraguay

• Total Volume: $1.03B in Q2 2025.
• Growth Trend & Context:
  • YoY growth in June (+4.3%) offset declines in April (+7.84%) and May (-8.31%).
• Key Volatility: April recorded the highest MoM surge (+33.45%), followed by a -5.73% drop in May.

Argentina - Paraguay Trade Balance & Market Dynamics

• Net Position: Argentina ran a trade deficit of $678.64M (Imports $1.03B > Exports $351.36M).
• Relationship Status: Heavy reliance on Paraguayan imports, with exports failing to offset the imbalance.

Argentina Import Trend from Paraguay 2025 Q2 (Source: yTrade)**

Argentina Export Trend to Paraguay 2025 Q2 (Source: yTrade)**

Get Historical Argentina Paraguay Trade Records

Argentina-Paraguay Top Trading Products in Q2 2025

Argentina Export Profile: What Does Argentina Sell to Paraguay

• Top Commodity: HS Code 99 (30.61% share).
• Demand Driver: Paraguay likely imports these goods for industrial processing or consumer market needs.
• Concentration: The top two exports (HS Codes 99 and 27) account for 58.91% of total exports, indicating high trade concentration.

Argentina Import Profile: What Does Argentina Buy from Paraguay

• Top Commodity: HS Code 12 (75.06% share).
• Dependency Nature: Argentina heavily relies on Paraguay for this category, suggesting a food security or raw material dependency.

Argentina - Paraguay Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Argentina exports a mix of industrial and consumer goods (HS Codes 99, 27) while importing primarily agricultural products (HS Code 12).
• Value Chain Position: Argentina holds a higher value-add position, exporting more processed goods (e.g., HS Codes 99, 27) compared to Paraguay’s raw material exports (HS Code 12).

Import Analysis by Product: Paraguay to Argentina (Source: yTrade)

Export Analysis by Product: Argentina to Paraguay (Source: yTrade)

Check Detailed Argentina-Paraguay Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

Argentina’s trade with Paraguay is expected to remain volatile in Q3 2025, with the deficit likely persisting due to structural imbalances. While June’s export rebound signals potential recovery in industrial and consumer goods (HS Codes 99, 27), Paraguay’s dominance in agricultural exports (HS Code 12) will keep Argentina’s import dependency high. Traders should anticipate price fluctuations in key commodities, particularly if global supply chain disruptions or weather-related shocks affect Paraguay’s output. The Argentina-Paraguay trade forecast hinges on Buenos Aires’ ability to diversify exports or secure more favorable terms for critical imports.

Strategic Moves

• Diversify Import Sources: Reduce reliance on Paraguayan agricultural goods (HS Code 12) by exploring alternative suppliers in Brazil or Uruguay to mitigate supply risks and price volatility.
• Boost High-Value Exports: Capitalize on Argentina’s competitive edge in processed goods (HS Codes 99, 27) by targeting Paraguayan industrial sectors with tailored marketing and trade incentives.
• Lock In Long-Term Contracts: Secure fixed-price agreements for Paraguayan raw materials (HS Code 12) to hedge against future price surges, while negotiating reciprocal export deals for Argentine manufactured goods.

Frequently Asked Questions

How did Argentina - Paraguay trade perform in 2025 Q2?

Argentina exported $351.36M to Paraguay, with mixed YoY growth (-10.88% in April, +10.17% in June), while imports totaled $1.03B, showing a trade deficit of $678.64M.

What are the top exports from Argentina to Paraguay?

The top exports are HS Code 99 (30.61% share) and HS Code 27, together accounting for 58.91% of total exports, indicating high trade concentration.

What does Argentina import from Paraguay?

Argentina primarily imports HS Code 12 (75.06% share), suggesting heavy reliance on agricultural or raw material products from Paraguay.

What is the trade balance between Argentina and Paraguay?

Argentina recorded a trade deficit of $678.64M in Q2 2025, with imports ($1.03B) significantly exceeding exports ($351.36M).