Paraguay - Argentina Trade 2024 Whole Year: $2.64B Surplus
Key Market Takeaways: Paraguay - Argentina Trade
The bilateral trade relationship between Paraguay and Argentina is marked by growth, volatility, and a strong surplus in 2024.
- Economic Pulse: Paraguay holds a $2.64B trade surplus ($3.82B exports vs. $1.18B imports), with extreme volatility in monthly flows.
- Exchange Structure: Paraguay - Argentina trade statistics reveal a resource-for-tech complementarity—Paraguay exports raw soya beans (70.93% of exports) while importing refined fuels (15.91%) and industrial inputs.
- Strategic Interdependence: Highly complementary but imbalanced, with Argentina capturing higher value-add in processed goods.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Argentina Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Argentina
- Total Volume: $3.82B in 2024.
- Growth Trend & Context:
- Extreme volatility in YoY growth, ranging from +362.29% (Jan) to -80.75% (Dec).
- No specific trade news to explain the swings.
- Key Volatility:
- February saw the highest MoM surge (+43.26%), while November and December posted sharp declines (-40.5% and -38.38% MoM, respectively).
Paraguay Import Performance: Sourcing from Argentina
- Total Volume: $1.18B in 2024.
- Growth Trend & Context:
- Mixed YoY performance, with April (+52.38%) and May (+14.36%) highs offset by steep drops in September (-25.71%) and June (-16.89%).
- Key Volatility:
- March recorded the highest MoM jump (+46.54%), while February and November had the steepest monthly contractions (-15.29% and -15.99%).
Paraguay - Argentina Trade Balance & Market Dynamics
- Net Position: Paraguay holds a trade surplus of $2.64B ($3.82B exports vs. $1.18B imports).
- Relationship Status: Strong net exporter role, with exports to Argentina exceeding imports by a 3.2:1 ratio. Volatility in both flows suggests uneven demand or supply chain adjustments.
Paraguay Import Trend from Argentina 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 84.73M | -10.86% | 7.92% |
| Feb | 71.77M | -15.29% | 3.05% |
| Mar | 105.18M | 46.54% | 6.08% |
| Apr | 107.18M | 1.9% | 52.38% |
| May | 103.13M | -3.78% | 14.36% |
| Jun | 90.02M | -12.71% | -16.89% |
| Jul | 107.62M | 19.55% | 4.4% |
| Aug | 102.96M | -4.33% | -12.11% |
| Sep | 97.73M | -5.08% | -25.71% |
| Oct | 115.41M | 18.09% | 5.15% |
| Nov | 96.95M | -15.99% | 8.59% |
| Dec | 93.65M | -3.4% | -1.48% |
| Total | 1.18B | - | - |
Paraguay Export Trend to Argentina 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 356.40M | 4.1% | 362.29% |
| Feb | 510.58M | 43.26% | 70.99% |
| Mar | 417.79M | -18.17% | -44.35% |
| Apr | 339.13M | -18.83% | -45.89% |
| May | 488.00M | 43.9% | 9.32% |
| Jun | 426.80M | -12.54% | 65.4% |
| Jul | 424.01M | -0.65% | 30.51% |
| Aug | 287.51M | -32.19% | 12.87% |
| Sep | 218.69M | -23.94% | -23.89% |
| Oct | 179.74M | -17.81% | -49.11% |
| Nov | 106.94M | -40.5% | -72.11% |
| Dec | 65.90M | -38.38% | -80.75% |
| Total | 3.82B | - | - |
Get Historical Paraguay Argentina Trade Records
Paraguay-Argentina Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Argentina
- Top Commodity: HS Code 12 (Soya beans, oilseeds) dominates with 70.93% of exports.
- Demand Driver: Argentina uses these for industrial processing (e.g., animal feed, vegetable oil).
- Concentration: Extreme reliance on a single category (>50%), indicating vulnerability to price swings in soya markets.
Paraguay Import Profile: What Does Paraguay Buy from Argentina
- Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 15.91% of imports.
- Dependency Nature: Energy security dependency, as Paraguay lacks domestic refining capacity for fuels.
Paraguay - Argentina Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports raw agricultural goods (HS 12, 23) while importing processed energy (HS 27) and industrial inputs (HS 38, 39).
- Value Chain Position: Argentina holds higher value-add, supplying refined fuels and chemicals versus Paraguay’s unprocessed commodities.
Import Analysis by Product: Argentina to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 187.14M | 15.91% |
| 87 | 152.90M | 13.00% |
| 38 | 82.38M | 7.00% |
| 39 | 73.62M | 6.26% |
| 30 | 65.75M | 5.59% |
| 72 | 50.73M | 4.31% |
| 19 | 42.33M | 3.60% |
| 21 | 41.39M | 3.52% |
| 33 | 39.69M | 3.37% |
| 84 | 33.10M | 2.81% |
Export Analysis by Product: Paraguay to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 2.71B | 70.93% |
| 23 | 401.20M | 10.50% |
| 27 | 252.91M | 6.62% |
| 15 | 197.72M | 5.17% |
| 85 | 71.11M | 1.86% |
| 08 | 31.95M | 0.84% |
| 83 | 27.45M | 0.72% |
| 48 | 12.97M | 0.34% |
| 10 | 12.89M | 0.34% |
| 39 | 11.49M | 0.30% |
Check Detailed Paraguay-Argentina Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade surplus with Argentina is likely to persist in 2025, driven by sustained demand for soya beans (HS 12) and Argentina’s reliance on Paraguayan agricultural exports. However, extreme volatility in monthly trade flows signals potential supply chain disruptions or price sensitivity, requiring proactive risk management. The structural imbalance—where Paraguay exports raw materials and imports processed goods—will continue unless diversification efforts are prioritized. Traders should brace for fluctuating demand, particularly in energy imports (HS 27), given Argentina’s refining constraints and Paraguay’s dependency.
Strategic Moves
- Lock in Long-Term Contracts for Soya Exports: Given the dominance of HS 12 (70.93% of exports), Paraguayan producers should secure fixed-price agreements with Argentine buyers to mitigate price swings and stabilize revenue.
- Diversify Energy Import Sources: Reduce reliance on Argentine mineral fuels (HS 27) by exploring alternative suppliers or investing in domestic renewable energy infrastructure to weaken dependency risks.
- Expand Value-Add Processing: Shift from raw commodity exports (HS 12, 23) to semi-processed goods (e.g., soybean oil) to capture higher margins and reduce vulnerability to Argentina’s industrial demand cycles.
Frequently Asked Questions
How did Paraguay - Argentina trade perform in 2024 Whole Year?
Paraguay exported $3.82B to Argentina and imported $1.18B, with extreme volatility in growth rates for both exports and imports.
What are the top exports from Paraguay to Argentina?
Soya beans and oilseeds (HS Code 12) dominate, accounting for 70.93% of Paraguay’s exports to Argentina.
What does Paraguay import from Argentina?
Mineral fuels and oils (HS Code 27) lead Paraguay’s imports from Argentina, making up 15.91% of the total.
What is the trade balance between Paraguay and Argentina?
Paraguay holds a trade surplus of $2.64B, with exports exceeding imports by a 3.2:1 ratio.
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