2023 Aug Paraguay Global Trade Data Summary: Exports Surge

Paraguay 2023 Aug Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports surged 17.6% YoY in Aug 2023, narrowing the trade deficit to $340M.
• Key Driver: Paraguay import export data reveals soybeans, beef, and electricity dominate exports, while machinery imports lag.
• Strategic Risk: Heavy reliance on Brazil/China for 56% of imports exposes supply chain vulnerabilities.

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

Paraguay 2023 Aug Trade Data Trend Overview

• Paraguay, a key South American agricultural and energy exporter, posted a solid trade performance in its August 2023 Paraguay global trade data, reinforcing its role as a net supplier of commodities.
• The August Paraguay import export data showed exports surging 17.6% year-on-year to $1.09 billion, while imports contracted 5.0% to $1.43 billion, reflecting divergent demand and supply conditions.
• This generated a trade deficit of $340 million for the month, a significant narrowing from year-earlier levels as export growth outpaced import spending.
• The export strength was likely driven by sustained external demand for soybeans, beef, and electricity, with no specific trade policy shifts announced to alter underlying commodity flows.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Paraguay 2023 Aug Top Trading Products

Paraguay Global Trade Core Summary

Paraguay's exports are heavily focused on agriculture and raw materials, with oil seeds, meat, and cereals making up over 53% of total exports. Mineral fuels and food industry residues add another 22%, showing a strong reliance on primary goods. In contrast, imports are dominated by machinery, electrical equipment, and vehicles, accounting for 36% of total imports, alongside significant purchases of mineral fuels and fertilizers. This trade structure highlights Paraguay’s role as a resource exporter and industrial goods importer.

Key takeaways:

• Agriculture and raw materials drive 75% of exports.
• High import dependence on machinery and industrial inputs.
• Limited export diversification beyond primary goods.

Paraguay Export-Import Structural Gap

Paraguay exports mostly raw or minimally processed goods while importing high-value machinery and manufactured products. The overlap in mineral fuels (HS 27) for both exports and imports suggests some processing trade, but the gap is clear: the country sells basic commodities and buys advanced equipment. This indicates an economy still reliant on low-value exports, with opportunities to move up the value chain by developing local processing or manufacturing capabilities. The heavy import of fertilizers (HS 31) also points to an agriculture sector dependent on foreign inputs.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2023 Aug Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are heavily concentrated in South America, with Brazil (26.3%) and Argentina (23.4%) accounting for nearly half of total shipments. Chile (13.4%) and Russia (6.1%) are secondary markets, while the U.S. (3.8%) and others play minor roles. Imports show stronger reliance on Mainland China (31.2%) and Brazil (25.4%), with the U.S. (8.6%) and Argentina (8.2%) as mid-tier suppliers. Key asymmetries include:

• Exports are regionally focused (80%+ to South America).
• Imports depend heavily on China and Brazil (56% combined).
• No major overlap exists between top export/import partners beyond Brazil and Argentina.

Paraguay Export–Import Geographic Gap

Paraguay’s exports target neighboring markets, while imports rely on distant suppliers like China. The trade structure suggests downstream diversification (exports spread across multiple South American countries) but upstream dependency (critical inputs from China and Brazil). There’s minimal processing-trade overlap—only Brazil and Argentina appear in both lists. The gap highlights Paraguay’s role as a regional exporter with global supply chain ties.

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 Aug?

Paraguay's top exports in August 2023 were oil seeds (23.24% of exports), meat (16.07%), cereals (13.83%), mineral fuels (11.89%), and food industry residues (9.94%), based on HS code data.

What are the main products Paraguay imports in 2023 Aug?

Paraguay primarily imported electrical machinery (16.99%), mineral fuels (12.10%), nuclear/reactor machinery (11.47%), vehicles (8.12%), and fertilizers (6.37%) in August 2023, per HS code analysis.

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

Mainland China (31.17%), Brazil (25.37%), and the United States (8.64%) were Paraguay's largest export markets in August 2023, accounting for over 65% of total exports.

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

Brazil (26.29%), Argentina (23.42%), and Chile (13.43%) were Paraguay's primary import sources in August 2023, representing nearly two-thirds of total imports.

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

Paraguay recorded a $340 million trade deficit in August 2023, with exports growing 17.6% ($1.09B) while imports fell 5.0% ($1.43B), showing improved trade balance compared to previous periods.