2024 Jul Paraguay Global Trade Data Summary: Widening Deficit

Paraguay 2024 Jul Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports up 6.8% but imports surged 15.6%, widening the deficit to $510M.
• Key Driver: Paraguay import export data reveals oil seeds (35.6% of exports) and Chinese machinery (30% of imports) dominate trade flows.
• Strategic Risk: Over 76% of exports go to just 3 regional markets, exposing Paraguay to South American demand shocks.

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

Paraguay 2024 Jul Trade Data Trend Overview

• Paraguay, a Mercosur agricultural and energy exporter, posted mixed results in its July 2024 global trade data, reflecting its role as a regional commodity supplier.
• The Paraguay import export data showed exports worth $1.09B grew 6.8% year-on-year, while a $1.60B import bill surged 15.6%, signaling robust domestic demand.
• This resulted in a trade deficit of approximately $510 million for the month.
• The import surge was likely driven by capital goods and intermediate products for its expanding industrial and services sectors, as the economy targets 3.8% growth for the year [Macroeconomic Outlook of Paraguay, 2025].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

Get Historical Paraguay Trade Data

Paraguay 2024 Jul Top Trading Products

Paraguay Global Trade Core Summary

Paraguay's exports are heavily focused on agriculture and raw materials, with oil seeds (35.6%), meat (16.79%), and mineral fuels (10.78%) dominating. These three categories alone make up over 63% of total exports, showing a strong reliance on primary goods. Imports, however, are more diverse, led by mineral fuels (14.48%), electrical machinery (13.96%), and industrial machinery (11.56%). The country depends on foreign machinery, vehicles, and chemicals to support its economy. Key takeaways:

• Agriculture-driven exports—oil seeds, meat, and cereals dominate.
• High import reliance on machinery and fuel for industrial needs.
• Low value-added exports—mostly raw or semi-processed goods.
• Vulnerability to commodity price swings due to export concentration.

Paraguay Export-Import Structural Gap

Paraguay’s trade shows a clear gap: it exports raw materials but imports high-value machinery and industrial goods. While agricultural products like oil seeds and meat lead exports, the country buys back processed goods like electrical equipment, vehicles, and fertilizers. This suggests limited domestic manufacturing capacity. The overlap in mineral fuels (exported and imported) hints at possible refining or energy trade dynamics. To grow, Paraguay could focus on processing its raw goods locally before export, reducing reliance on foreign machinery.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2024 Jul Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are highly concentrated in South America, with Argentina (39.1%) and Brazil (27.6%) accounting for over two-thirds of total shipments. Chile (6.7%) and Uruguay (3.5%) are secondary markets, while the U.S. (3.6%) and distant partners like the Netherlands (2%) and Hong Kong (1.8%) play minor roles. In contrast, imports show a dual reliance on Mainland China (30%) and Brazil (25.5%), with the U.S. (7.6%) and Argentina (6.7%) as secondary suppliers. Key takeaways:

• Exports are regionally focused, with 76% going to just three South American neighbors.
• Imports are more diversified, though China and Brazil dominate.
• Trade asymmetry exists: Paraguay depends heavily on Brazil for both exports and imports.

Paraguay Export–Import Geographic Gap

Exports target a narrow regional market, while imports draw from a broader global base. Brazil appears in both top export and import lists, suggesting integrated supply chains. The U.S. and Argentina also overlap, but China’s role is import-only. This structure indicates downstream diversification in exports (limited to nearby markets) and upstream dependency on key suppliers like China and Brazil. The lack of major Asian or European export destinations highlights Paraguay’s trade focus on regional demand.

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 Jul?

Paraguay's top exports in July 2024 were oil seeds and oleaginous fruits (35.60% of exports, $386.30M), meat and edible meat offal (16.79%, $182.23M), and mineral fuels (10.78%, $116.93M), based on HS code data.

What are the main products Paraguay imports in 2024 Jul?

Paraguay primarily imported mineral fuels (14.48%, $231.56M), electrical machinery (13.96%, $223.22M), and nuclear reactors/machinery (11.56%, $184.79M) in July 2024, per HS code analysis.

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

Mainland China ($478.96M, 29.96% of exports) and Brazil ($408.00M, 25.52%) were Paraguay’s leading export markets in July 2024, followed by the United States ($121.35M, 7.59%).

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

Argentina ($424.01M, 39.08% of imports) and Brazil ($298.87M, 27.55%) were Paraguay’s largest import sources in July 2024, with Chile ($72.50M, 6.68%) ranking third.

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

Paraguay recorded a $510M trade deficit in July 2024, with exports at $1.09B (+6.8% YoY) and imports at $1.60B (+15.6% YoY), reflecting strong domestic demand for industrial inputs.