2024 Sep Paraguay Trade Data Summary: Export Drop & Deficit

Paraguay 2024 Sep Trade Data Key Takeaways

• Market Trend: Paraguay trade data shows a 14.4% YoY export drop and $509.8M deficit, signaling broad demand weakness.
• Key Driver: Paraguay import export data reveals over 50% exports tied to agricultural goods (soy, meat), while imports rely on Chinese/Brazilian machinery.
• Strategic Risk: Heavy regional export concentration (63% to Brazil/Argentina) exposes Paraguay to South American economic volatility.

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

Paraguay 2024 Sep Trade Data Trend Overview

• Paraguay, a Mercosur-aligned agricultural exporter, posted a significant trade surplus in September 2024, according to the latest Paraguay global trade data.
• The September 2024 Paraguay import export data showed exports of $830.24M, a sharp 14.4% YoY contraction, while imports fell 9.4% to $1.34B.
• This resulted in a monthly trade deficit of approximately -$509.8M, a deterioration from the previous year's performance.
• The broad-based contraction in both export and import values reflects weaker external demand for key commodities like soybeans and a subdued domestic investment climate.

Table: Import Key Metrics (Source: yTrade)

Table: Export Key Metrics (Source: yTrade)

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Paraguay 2024 Sep 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 56% of total exports. Mineral fuels and animal fats add another 16%, reinforcing a resource-driven export structure. Imports, however, are dominated by machinery, electrical equipment, and vehicles, which account for nearly 37% of total imports, alongside significant fuel and chemical purchases. This shows a clear divide: Paraguay exports low-processed goods and imports high-value manufactured products.

Key takeaways:

• Heavy reliance on agricultural exports (over 50% of total).
• Limited export diversification beyond raw materials.
• Dependence on imported machinery and fuel for industrial needs.
• Potential vulnerability to commodity price swings.

Paraguay Export-Import Structural Gap

Paraguay’s trade gap highlights an economy built on raw material exports while relying on imports for advanced goods. Exports are mostly unprocessed (seeds, meat, cereals), while imports are machinery-heavy (electrical equipment, vehicles, chemicals). The overlap in HS codes like mineral fuels (exported and imported) suggests some refining or re-export activity, but the core pattern is clear: Paraguay sells basics and buys technology. This structure points to opportunities for value-added processing in agriculture or light manufacturing to reduce import dependence.

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

Check Detailed Paraguay Trade HS Code Breakdown

Paraguay 2024 Sep Top Trading Countries

Paraguay Global Trade Key Patterns

Paraguay's exports are highly concentrated in South America, with Brazil (36.7%) and Argentina (26.3%) accounting for over 60% of total exports. Chile (7.4%) and the U.S. (4.6%) are secondary markets, while other destinations like Israel, Russia, and Uruguay have minimal shares. Imports show stronger diversification, though Mainland China (31.8%) and Brazil (23.7%) dominate, followed by Argentina (7.3%) and the U.S. (6.8%). Key takeaways:

• Exports rely heavily on Brazil and Argentina.
• Imports are more balanced but still depend on China and Brazil.
• Limited trade presence outside South America and major economies.

Paraguay Export–Import Geographic Gap

Exports are regionally focused, with nearly all top destinations in South America, while imports draw from a wider global pool, including Asia (China, India, Singapore) and Europe (Germany, Switzerland). Brazil is the only major overlap, suggesting some processing trade. The structure indicates upstream dependency on diversified suppliers but downstream reliance on a few regional buyers. This imbalance highlights Paraguay’s role as a regional exporter with broader import needs.

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 Sep?

The top exports from Paraguay in September 2024 were oil seeds and oleaginous fruits (25.58% of exports), meat and edible meat offal (18.63%), and cereals (12.07%), based on HS code data.

What are the main products Paraguay imports in 2024 Sep?

Paraguay's primary imports in September 2024 included electrical machinery (15.50% of imports), nuclear reactors and machinery (12.53%), and mineral fuels (11.97%), according to HS code classifications.

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

Mainland China (31.75% of exports), Brazil (23.67%), and Argentina (7.27%) were the leading destinations for Paraguay's exports in September 2024, per trade data.

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

Brazil (36.72% of imports), Argentina (26.34%), and Chile (7.42%) were the largest suppliers of Paraguay's imports in September 2024, as per country trade statistics.

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

Paraguay recorded a trade deficit of $509.8M in September 2024, with exports declining 14.4% YoY to $830.24M and imports falling 9.4% to $1.34B, reflecting weaker commodity demand and domestic investment.