2024 Dec Paraguay Global Trade Data Summary: Exports Crash 30.8%

Paraguay 2024 Dec Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports crashed 30.8% YoY in Dec 2024, widening trade deficit to $914M.
• Key Driver: Paraguay import export data reveals meat (31% of exports) and Brazil (38.6% buyer) as top exposure points.
• Strategic Risk: Dual reliance on China (34% imports) and Brazil (26%) creates supply-chain fragility.

Analysis covers 2024 Dec based on sanitized customs records from the yTrade database.

Paraguay 2024 Dec Trade Data Trend Overview

• Paraguay's export-driven economy, a key South American agricultural and hydropower supplier, faced a sharp contraction in December, with its Paraguay global trade data revealing a significant downturn in overseas sales.
• The December Paraguay import export data shows exports slumped 30.8% year-on-year to $615.6 million, while imports grew 4.0% to $1.53 billion, indicating weakened external demand and sustained domestic consumption.
• This resulted in a monthly trade deficit of approximately $914 million, a substantial reversal from typical surpluses and reflecting the severe imbalance.
• The export collapse was likely driven by adverse weather conditions impacting key agricultural harvests and softer regional demand for energy exports, with no specific trade policies announced to counter the trend.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Paraguay Trade Data

Paraguay 2024 Dec Top Trading Products

Paraguay Global Trade Core Summary

Paraguay's exports are heavily focused on agriculture and raw materials, with meat (31%), mineral fuels (13%), and oil seeds (9%) leading the list. These three categories alone make up over half of total exports, showing a strong reliance on primary products. Imports are more diverse, dominated by machinery (16%), electrical equipment (13%), and vehicles (10%), indicating a need for industrial and consumer goods. The trade structure highlights Paraguay's role as a resource exporter and a buyer of manufactured products.

Key takeaways:

• Heavy dependence on meat and mineral exports creates vulnerability to price swings.
• Limited export diversification beyond agriculture and raw materials.
• High import reliance on machinery and electronics for development.

Paraguay Export-Import Structural Gap

Paraguay exports mostly raw materials but imports finished goods, especially machinery and electronics. This gap shows an economy based on resource extraction rather than advanced manufacturing. The overlap in mineral fuels (both exported and imported) suggests some processing activity, but the overall pattern points to a need for industrial upgrading. The country’s trade balance likely depends on global commodity prices, with limited control over high-value import costs. Strengthening local manufacturing could reduce import dependence.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2024 Dec Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are highly concentrated, with Brazil alone accounting for 38.6% of shipments, followed by Chile (11.8%) and Argentina (10.7%). The top three destinations make up over 60% of total exports, showing strong regional reliance in South America. Imports are also dominated by a few suppliers, with Mainland China (33.7%) and Brazil (25.6%) supplying nearly 60% of goods. The U.S., Argentina, and Singapore are secondary sources. Key takeaways:

• Exports heavily depend on neighboring South American markets.
• Imports show dual dependency on China and Brazil.
• Limited diversification in both export destinations and import sources.

Paraguay Export–Import Geographic Gap

Exports flow mainly to nearby South American countries, while imports come from distant suppliers like China and regional partners like Brazil. Brazil appears in both top export and import lists, suggesting some processing-trade activity. The structure reveals upstream dependency on China for manufactured goods and downstream reliance on regional buyers for exports. Trade is more regional for exports but globally stretched for imports. This imbalance highlights Paraguay's role as a regional supplier with external supply-chain dependencies.

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

Get Complete Paraguay Trading Patner Countries Profile

Frequently Asked Questions

What are the major products exported by Paraguay in 2024 Dec?

The top exports from Paraguay in December 2024 were meat and edible meat offal (30.97% of total exports), mineral fuels and oils (13.39%), and oil seeds (8.71%), as per HS code data.

What are the main products Paraguay imports in 2024 Dec?

Paraguay's primary imports included electrical machinery (16.63%), nuclear reactors and machinery (12.78%), and mineral fuels (12.29%), based on HS code classifications.

Which countries are the top destinations for Paraguay's exports in 2024 Dec?

Mainland China (33.74% of exports), Brazil (25.58%), and Argentina (6.12%) were the leading export destinations for Paraguay in December 2024.

Which countries supply most of Paraguay's imports in 2024 Dec?

Brazil (38.57% of imports), Chile (11.84%), and Argentina (10.71%) were the largest sources of Paraguay's imports during December 2024.

How balanced are Paraguay's export and import markets in 2024 Dec?

Paraguay faced a severe trade imbalance in December 2024, with exports dropping 30.8% to $615.6M and imports rising 4.0% to $1.53B, resulting in a $914M deficit.