2024 Jun Paraguay Trade Data Summary: Export Surge

Paraguay 2024 Jun Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows exports surged 12.6% YoY to $992.3M, narrowing the trade deficit to $327.7M.
• Key Driver: Paraguay import export data reveals oil seeds (39.8% of exports) and regional reliance on Argentina (43%) and Brazil (29%).
• Strategic Risk: Export concentration in raw materials and South America exposes vulnerability to commodity shocks and regional demand shifts.

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

Paraguay 2024 Jun Trade Data Trend Overview

• Paraguay, a landlocked agricultural and manufacturing hub within MERCOSUR, demonstrated robust external sector performance in its latest Paraguay global trade data for June 2024.
• The June 2024 Paraguay import export data shows exports surged 12.6% year-on-year to $992.3 million, while imports saw a marginal 1.3% contraction to $1.32 billion.
• This divergence in trade flows resulted in a narrowed trade deficit of approximately $327.7 million for the period.
• The strong export growth was likely supported by the nation's strategic push to modernize its investment framework and diversify its export basket beyond traditional commodities, a policy direction that was gaining legislative traction [Paraguay Congress Approves Trade Regulation Reforms].

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Paraguay 2024 Jun Top Trading Products

Paraguay Global Trade Core Summary

Paraguay's exports are heavily focused on agriculture and raw materials, with oil seeds (39.8%) and meat (16.4%) dominating. Mineral fuels (12.1%) and cereals (5.1%) also play key roles, showing a reliance on primary goods. Imports, however, are led by machinery and industrial products—electrical machinery (16.5%), mineral fuels (14.8%), and industrial equipment (11.8%). This highlights a clear gap: Paraguay exports low-processed goods but depends on imported machinery and chemicals.

Key takeaways:

• Resource-driven exports with limited manufacturing.
• High import dependence for industrial and tech goods.
• Vulnerability to commodity price swings due to export concentration.
• Potential to add value to agricultural exports.

Paraguay Export-Import Structural Gap

Paraguay’s trade structure shows a classic resource-based economy. It exports raw or lightly processed goods (oil seeds, meat, minerals) but imports finished industrial products (machinery, vehicles, chemicals). The overlap in mineral fuels (both exported and imported) suggests some domestic refining or re-export activity. The lack of high-value exports signals limited industrial development, with opportunities to move up the value chain in agriculture or energy. The import-heavy machinery sector indicates reliance on foreign technology for growth.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2024 Jun Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are highly concentrated in South America, with Argentina (43%) and Brazil (29%) accounting for over 70% of total exports. Chile (6.6%) and Uruguay (2.9%) are secondary markets, while the U.S. (3.4%) and Hong Kong (1.9%) represent minor global diversification. Imports show a more balanced mix, led by Mainland China (30%) and Brazil (27%), followed by the U.S. (7.8%) and Argentina (6.8%). Key takeaways:

• Exports rely heavily on Argentina and Brazil.
• Imports depend on China and Brazil but are less concentrated.
• Limited global export reach beyond South America.
• Moderate import diversification across Asia, Europe, and the Americas.

Paraguay Export–Import Geographic Gap

Exports are regionally focused, with 80% going to South American neighbors, while imports draw from a wider global pool, including China, the U.S., and Germany. Brazil and Argentina appear in both top export and import lists, suggesting bilateral trade flows. The structure shows downstream dependence on regional buyers but upstream sourcing from diversified suppliers, particularly for manufactured goods (China) and industrial inputs (U.S., Germany). This gap highlights Paraguay's role as a regional exporter with global supply chain links.

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

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Frequently Asked Questions

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

Paraguay's top exports in June 2024 were oil seeds and oleaginous fruits (39.81% of exports, $395.02M), meat and edible meat offal (16.36%, $162.33M), and mineral fuels (12.06%, $119.65M), based on HS code data.

What are the main products Paraguay imports in 2024 Jun?

Paraguay primarily imported electrical machinery (16.53%, $217.98M), mineral fuels (14.78%, $194.90M), and nuclear/reactor machinery (11.75%, $154.98M) in June 2024, per HS code analysis.

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

Mainland China (29.82%, $393.29M), Brazil (26.76%, $352.96M), and the United States (7.79%, $102.76M) were Paraguay’s leading export markets in June 2024, according to trade data.

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

Argentina (43.01%, $426.80M), Brazil (28.98%, $287.57M), and Chile (6.60%, $65.51M) were the top origins of Paraguay’s imports in June 2024.

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

Paraguay’s June 2024 trade showed a narrowed deficit of $327.7M, with exports surging 12.6% YoY to $992.3M while imports dipped 1.3% to $1.32B, reflecting stronger export performance.