Paraguay - Argentina Trade 2024 Q4: Sharp Decline
Key Market Takeaways: Paraguay - Argentina Trade
The bilateral trade relationship between Paraguay and Argentina is in sharp decline, with exports collapsing while imports show erratic demand in Q4 2024.
- Economic Pulse: Paraguay maintains a $46.59M trade surplus ($352.59M exports vs. $306.00M imports), but exports plummeted YoY (-49.11% to -80.75%), signaling severe contraction.
- Exchange Structure: Paraguay - Argentina trade statistics reveal raw-for-refined dependency: 69% of Paraguay’s exports are oil seeds (HS12), while 15% of imports are Argentine mineral fuels (HS27).
- Strategic Interdependence: Highly complementary but unstable—Paraguay’s agro-exports fuel Argentina’s processing, while energy imports expose supply chain fragility.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Argentina Trade Trend in Q4 2024
Paraguay Export Performance: Shipments to Argentina
- Total Volume: $352.59M in Q4 2024.
- Growth Trend & Context:
- YoY collapse: -49.11% (Oct), -72.11% (Nov), -80.75% (Dec). No news to explain the severe contraction.
- Key Volatility: Steep MoM declines: -40.5% (Nov), -38.38% (Dec).
Paraguay Import Performance: Sourcing from Argentina
- Total Volume: $306.00M in Q4 2024.
- Growth Trend & Context:
- Mixed YoY: +5.15% (Oct), +8.59% (Nov), -1.48% (Dec). No news context provided.
- Key Volatility: October peaked at $115.41M (+18.09% MoM), then dropped -15.99% in November.
Paraguay - Argentina Trade Balance & Market Dynamics
- Net Position: Trade Surplus of $46.59M (Exports $352.59M > Imports $306.00M).
- Relationship Status: Paraguay maintains a net exporter role, but exports are in freefall while imports show erratic demand.
Paraguay Import Trend from Argentina 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 115.41M | 18.09% | 5.15% |
| Nov | 96.95M | -15.99% | 8.59% |
| Dec | 93.65M | -3.4% | -1.48% |
| Total | 306.00M | - | - |
Paraguay Export Trend to Argentina 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 179.74M | -17.81% | -49.11% |
| Nov | 106.94M | -40.5% | -72.11% |
| Dec | 65.90M | -38.38% | -80.75% |
| Total | 352.59M | - | - |
Get Historical Paraguay Argentina Trade Records
Paraguay-Argentina Top Trading Products in Q4 2024
Paraguay Export Profile: What Does Paraguay Sell to Argentina
- Top Commodity: HS Code 12 (Oil seeds and oleaginous fruits) dominates with 68.97% share.
- Demand Driver: Argentina uses these for industrial processing, likely in food or biofuel production.
- Concentration: Extreme—nearly 70% of exports hinge on a single commodity.
Paraguay Import Profile: What Does Paraguay Buy from Argentina
- Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 14.85% share.
- Dependency Nature: Energy security dependency, as Paraguay relies on Argentina for refined petroleum products.
Paraguay - Argentina Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw materials (oil seeds) and imports energy products.
- Value Chain Position: Argentina holds higher value-add, supplying processed fuels while Paraguay provides bulk agricultural inputs.
Import Analysis by Product: Argentina to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 45.43M | 14.85% |
| 87 | 38.55M | 12.60% |
| 39 | 20.52M | 6.70% |
| 38 | 17.61M | 5.75% |
| 30 | 15.96M | 5.22% |
| 21 | 12.01M | 3.93% |
| 84 | 11.67M | 3.81% |
| 33 | 11.01M | 3.60% |
| 19 | 10.55M | 3.45% |
| 72 | 10.43M | 3.41% |
Export Analysis by Product: Paraguay to Argentina (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 243.17M | 68.97% |
| 85 | 18.55M | 5.26% |
| 83 | 12.12M | 3.44% |
| 08 | 10.19M | 2.89% |
| 23 | 10.09M | 2.86% |
| 27 | 9.15M | 2.59% |
| 10 | 7.34M | 2.08% |
| 15 | 4.57M | 1.30% |
| 76 | 3.87M | 1.10% |
| 02 | 3.34M | 0.95% |
Check Detailed Paraguay-Argentina Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Argentina trade relationship faces significant headwinds in the near term, with Paraguay’s exports to Argentina in freefall (-80.75% YoY in December 2024) and imports showing erratic demand. Given the extreme concentration of Paraguay’s exports in oil seeds (HS Code 12, 68.97% share), any further disruption in Argentina’s processing demand could deepen the decline. However, Paraguay’s energy dependency on Argentina (HS Code 27, 14.85% of imports) ensures continued import flows, albeit with volatility. Without corrective measures, the trade surplus may narrow sharply or reverse in 2025.
Strategic Moves
- Diversify Export Markets Immediately: Paraguay’s overreliance on Argentina for oil seed exports is unsustainable. Traders must pivot to Brazil, Chile, or global buyers to mitigate concentration risk.
- Lock in Energy Supply Contracts: Given Argentina’s role as a critical fuel supplier, Paraguayan importers should secure long-term agreements to stabilize pricing and avoid spot-market volatility.
- Invest in Value-Add Processing: Paraguay must reduce raw-material dependency by developing domestic processing capacity for oil seeds, capturing more value before export and reducing vulnerability to Argentine demand swings.
Frequently Asked Questions
How did Paraguay - Argentina trade perform in 2024 Q4?
Paraguay's exports to Argentina collapsed by -49.11% YoY in October, worsening to -80.75% by December, totaling $352.59M. Imports were erratic, peaking in October (+18.09% MoM) but ending at $306.00M.
What are the top exports from Paraguay to Argentina?
Oil seeds and oleaginous fruits (HS Code 12) dominate, accounting for 68.97% of Paraguay’s exports to Argentina, primarily for industrial processing like food or biofuels.
What does Paraguay import from Argentina?
Mineral fuels and oils (HS Code 27) lead Paraguay’s imports from Argentina at 14.85% share, reflecting energy security dependency on refined petroleum products.
What is the trade balance between Paraguay and Argentina?
Paraguay maintained a trade surplus of $46.59M in Q4 2024, but its export freefall (+46.59M gap) risks eroding this advantage.
Paraguay - Argentina Trade 2024 Q2: Surplus Soars
Paraguay's trade surplus with Argentina hits $949.66M in Q2 2024, driven by soybeans and energy interdependence. Explore Paraguay Argentina trade trends and top trading products via yTrade data.
Paraguay - Argentina Trade 2025 Q1: Surplus Amid Export Dip
Paraguay's $682.8M trade surplus with Argentina faces export headwinds in Q1 2025. Explore Paraguay Argentina trade trends & top trading products like oilseeds via yTrade data.
