2023 Apr Paraguay Trade Data Summary: Export Boom

Paraguay 2023 Apr Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports surged 38.3% YoY to $1.23B, imports fell 9.6%, creating a $170M surplus.
• Key Driver: Paraguay import export data reveals Argentina absorbs 51% of exports, dominated by soybeans and beef.
• Strategic Risk: Over-reliance on Argentina and commodity exports leaves trade vulnerable to price swings and demand shocks.

Analysis covers 2023 Apr based on sanitized customs records from the yTrade database.

Paraguay 2023 Apr Trade Data Trend Overview

• Paraguay's export-driven economy, a key South American agro-industrial supplier, demonstrated significant momentum in its April 2023 global trade data.
• The latest Paraguay import export data shows exports surged 38.3% year-on-year to $1.23 billion, while imports contracted 9.6% to $1.06 billion.
• This divergence generated a substantial monthly trade surplus of approximately $170 million.
• The robust export performance, absent specific policy news, was likely driven by strong external demand and favorable pricing for its core agricultural commodities like soybeans, beef, and grains.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Paraguay 2023 Apr Top Trading Products

Paraguay Global Trade Core Summary

Paraguay's exports are heavily focused on agriculture and raw materials, with oil seeds and oleaginous fruits making up 45% of total exports. Meat, mineral fuels, and animal feed residues add another 30%, showing a strong reliance on primary goods. Imports are dominated by machinery, electrical equipment, and vehicles, accounting for over 40% of inbound trade, alongside fuel and industrial inputs like rubber and plastics. This highlights a clear divide: Paraguay exports low-processed goods while importing high-value manufactured products.

Key takeaways:

• Agriculture and raw materials drive 80% of exports.
• Heavy dependence on machinery and equipment imports.
• Limited export diversification beyond primary sectors.

Paraguay Export-Import Structural Gap

Paraguay’s trade shows a classic resource-based economy pattern. It sells unprocessed goods like crops, meat, and fuels but buys finished machinery, vehicles, and technology. The overlap in mineral fuels (exported and imported) suggests some refining or re-export activity, but the gap in value-added products is stark. The country’s imports support industrial and consumer needs, while exports lack advanced manufacturing. This structure leaves Paraguay vulnerable to commodity price swings but reliant on foreign tech and capital goods for development.

Table: Paraguay Top Import & Export Product Categories (Source: yTrade)

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Paraguay 2023 Apr Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports show heavy concentration in Argentina (50.9% share, $626.8M), with Brazil (16.9%, $207.6M) as the only other major destination. The remaining top 10 export markets—Chile, India, Peru, and others—each hold below 6.3% share, indicating limited diversification. Imports are more balanced but still rely on Mainland China (35.4%, $373.8M) and Brazil (25%, $263.5M) for over 60% of inbound trade. Argentina and the U.S. are secondary import sources (6.7% and 6.5% shares, respectively), while other origins like Germany and Japan contribute minimally.

Key takeaways:

• Exports depend heavily on Argentina, creating regional trade risk.
• Imports are split between China (manufacturing) and Brazil (regional supply).
• Limited export diversification contrasts with moderately broader import sourcing.

Paraguay Export–Import Geographic Gap

Exports are hyper-focused on Argentina, while imports draw from both global (China, U.S., Germany) and regional (Brazil, Argentina) suppliers. Brazil is the only major overlap, appearing in both top export and import lists—suggesting some bilateral processing trade. The structure reveals upstream dependency on Chinese manufacturing and Brazilian regional inputs, while downstream sales remain narrowly tied to Argentina. This asymmetry leaves Paraguay vulnerable to demand shifts in its primary export market.

Table: Paraguay Top Destiantion & Origin Countries (Source: yTrade)

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Frequently Asked Questions

What are the major products exported by Paraguay in 2023 Apr?

Paraguay's top exports in April 2023 were oil seeds and oleaginous fruits (45.32% of exports, $558.26M), meat and edible meat offal (11.22%, $138.22M), and mineral fuels (11.09%, $136.63M).

What are the main products Paraguay imports in 2023 Apr?

Paraguay primarily imported electrical machinery (22.63%, $238.98M), nuclear reactors and machinery (12.18%, $128.70M), and mineral fuels (11.20%, $118.34M) in April 2023.

Which countries are the top destinations for Paraguay's exports in 2023 Apr?

The leading export destinations for Paraguay were Mainland China (35.39%, $373.82M), Brazil (24.95%, $263.48M), and Argentina (6.66%, $70.34M) in April 2023.

Which countries supply most of Paraguay's imports in 2023 Apr?

Paraguay sourced most imports from Argentina (50.88%, $626.76M), Brazil (16.86%, $207.63M), and Chile (6.27%, $77.28M) in April 2023.

How balanced are Paraguay's export and import markets in 2023 Apr?

Paraguay had a trade surplus of $170 million in April 2023, with exports surging 38.3% to $1.23 billion while imports declined 9.6% to $1.06 billion.