2023 Jul Paraguay Global Trade Data Summary: Exports Surge 7.8%

Paraguay 2023 Jul Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports up 7.8% YoY to $1.02B, narrowing the deficit to $360M in Jul 2023.
• Key Driver: Paraguay import export data reveals soybeans and electricity as export anchors, while machinery dominates imports.
• Strategic Risk: Over 85% export concentration in South America heightens exposure to regional demand shocks.

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

Paraguay 2023 Jul Trade Data Trend Overview

• Paraguay, a major agricultural and hydroelectric exporter, saw its July 2023 Paraguay global trade data reflect steady, commodity-driven growth.
• Exports surged 7.8% YoY to $1.02B while imports remained nearly flat, dipping 0.4% to $1.38B, according to the latest Paraguay import export data.
• The narrowing trade gap resulted in a reduced deficit of $360M for the month.
• The export strength was likely driven by sustained global demand for soybeans and electricity, with no specific trade policies announced to alter these underlying commodity flows.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Paraguay 2023 Jul 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 50% of total exports. Mineral fuels and food industry residues add another 24%, showing a strong reliance on primary goods. In contrast, imports are dominated by machinery, electrical equipment, and industrial inputs like fertilizers and chemicals, accounting for nearly 60% of total imports. This trade structure highlights Paraguay’s role as a resource exporter and industrial goods importer.

Key takeaways:

• Exports are concentrated in low-value-added agricultural products.
• Imports are driven by machinery and industrial inputs, indicating dependency on foreign technology.
• Limited export diversification raises vulnerability to commodity price swings.

Paraguay Export-Import Structural Gap

Paraguay’s trade gap shows a clear divide: it exports raw materials but imports finished and high-tech goods. For example, while oil seeds and meat dominate exports, electrical machinery and vehicles lead imports. The overlap in mineral fuels (exported and imported) suggests some processing but not deep industrialization. The lack of manufactured exports points to untapped potential in value-added production. To reduce dependency, Paraguay could invest in upgrading its agricultural and energy sectors.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2023 Jul Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are heavily concentrated in South America, with Argentina (31.98%) and Brazil (27.01%) accounting for nearly 60% of total shipments. Chile, Peru, and Uruguay add regional depth, while the Netherlands, the U.S., and Russia represent smaller but notable global buyers. Imports show strong reliance on Mainland China (30.98%) and Brazil (25.04%), with the U.S. (8.67%) and Argentina (7.45%) as secondary suppliers. Key asymmetries include:

• Exports are regionally focused (85% to South America).
• Imports depend heavily on China and Brazil (56% combined).
• Brazil and Argentina appear in both top export and import lists, suggesting bilateral trade flows.

Paraguay Export–Import Geographic Gap

Paraguay’s exports target a narrow regional market, while imports draw from a slightly more diversified global base. Overlaps with Brazil and Argentina hint at processing trade or cross-border supply chains. The structure shows downstream dependence (imports concentrated in two suppliers) and upstream regionalization (exports dominated by neighbors). This gap suggests vulnerability to supply chain disruptions from key import partners but stable regional demand for exports.

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 Jul?

Paraguay's top exports in July 2023 were oil seeds and oleaginous fruits (27.97%, $284.15M), meat and edible meat offal (14.15%, $143.73M), and mineral fuels (13.22%, $134.25M), based on HS code data.

What are the main products Paraguay imports in 2023 Jul?

The country primarily imported electrical machinery (16.86%, $233.13M), mineral fuels (11.33%, $156.74M), and nuclear reactors/machinery (11.29%, $156.20M) during this period.

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

Mainland China (30.98%, $428.44M), Brazil (25.04%, $346.28M), and the United States (8.67%, $119.88M) were the leading export destinations for Paraguay in July 2023.

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

Argentina (31.98%, $324.89M), Brazil (27.01%, $274.39M), and Chile (8.63%, $87.69M) were Paraguay's largest import sources that month.

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

Paraguay's exports grew 7.8% YoY to $1.02B while imports dipped 0.4% to $1.38B, narrowing the trade deficit to $360M in July 2023. The trend reflects strong commodity demand for soybeans and electricity.