Paraguay - Bolivia Trade 2024 Whole Year: $16.02M Surplus
Key Market Takeaways: Paraguay - Bolivia Trade
The bilateral trade relationship between Paraguay and Bolivia shows growth with notable volatility in 2024.
- Paraguay maintains a $16.02M trade surplus, exporting $91.52M to Bolivia while importing $75.50M, despite monthly fluctuations in both directions.
- Trade statistics reveal a resource-for-resource exchange: Paraguay supplies industrial inputs (chemicals, metals) and imports critical agricultural inputs (fertilizers) and energy products from Bolivia.
- Complementary but low-value-add trade: Both economies exchange mid-tier processed goods, with Paraguay holding a slight edge in industrial diversification.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Bolivia Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Bolivia
- Total Volume: $91.52M in 2024.
- Growth Trend & Context:
- Mixed YoY performance: Strong recovery in Dec (+92.3%) and Nov (+18.05%), but steep declines in Jul (-51.95%) and Sep (-25.76%).
- Key Volatility: December saw the highest MoM surge (+32.67%), while July had the sharpest drop (-19.32%).
Paraguay Import Performance: Sourcing from Bolivia
- Total Volume: $75.50M in 2024.
- Growth Trend & Context:
- Robust YoY growth in Sep (+108.43%) and May (+106.9%), but contractions in Feb (-13.3%) and Jul (-20.26%).
- Key Volatility: August recorded the highest MoM jump (+75.39%), while October faced a steep decline (-33.86%).
Paraguay - Bolivia Trade Balance & Market Dynamics
- Net Position: Paraguay holds a trade surplus of $16.02M (Exports: $91.52M > Imports: $75.50M).
- Relationship Status: Paraguay maintains a net exporter role, with exports consistently outpacing imports despite monthly volatility.
Paraguay Import Trend from Bolivia 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 3.68M | -39.13% | -5.29% |
| Feb | 4.82M | 30.77% | -13.3% |
| Mar | 5.37M | 11.37% | 56.03% |
| Apr | 5.07M | -5.61% | 38.98% |
| May | 5.43M | 7.23% | 106.9% |
| Jun | 4.83M | -11.13% | 66.31% |
| Jul | 5.75M | 19.08% | -20.26% |
| Aug | 10.08M | 75.39% | 78.7% |
| Sep | 10.49M | 4.01% | 108.43% |
| Oct | 6.94M | -33.86% | 50.28% |
| Nov | 6.48M | -6.58% | -2.25% |
| Dec | 6.57M | 1.45% | 8.58% |
| Total | 75.50M | - | - |
Paraguay Export Trend to Bolivia 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 4.97M | -27.92% | 0.54% |
| Feb | 5.84M | 17.58% | -3.86% |
| Mar | 6.00M | 2.74% | -22.65% |
| Apr | 7.10M | 18.36% | 11.05% |
| May | 7.06M | -0.54% | 8.31% |
| Jun | 7.18M | 1.62% | -35.98% |
| Jul | 5.79M | -19.32% | -51.95% |
| Aug | 7.09M | 22.49% | -20.78% |
| Sep | 8.16M | 15.04% | -25.76% |
| Oct | 9.10M | 11.53% | -15.15% |
| Nov | 9.99M | 9.75% | 18.05% |
| Dec | 13.25M | 32.67% | 92.3% |
| Total | 91.52M | - | - |
Get Historical Paraguay Bolivia Trade Records
Paraguay-Bolivia Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Bolivia
- Top Commodity: HS Code 38 (Miscellaneous chemical products) dominates exports at 22.85% share.
- Demand Driver: Bolivia likely uses these for industrial processing, given the prominence of chemicals and intermediate goods (e.g., HS 30, 12, 83).
- Concentration: No single category dominates; the top 4 exports (HS 38, 30, 12, 83) collectively account for 57.65%, indicating diversified demand.
Paraguay Import Profile: What Does Paraguay Buy from Bolivia
- Top Commodity: HS Code 31 (Fertilizers) leads imports at 39.05% share.
- Dependency Nature: Reflects agricultural input dependency, as fertilizers are critical for Paraguay’s farming sector. Secondary imports (HS 27, 05) suggest energy (mineral fuels) and raw material (animal products) reliance.
Paraguay - Bolivia Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Paraguay exports industrial inputs (chemicals, metals) while importing agricultural and energy inputs (fertilizers, fuels).
- Value Chain Position: Both trade low-to-mid value-add goods. Paraguay’s exports (e.g., HS 38, 83) suggest slightly higher processing than Bolivia’s fertilizer-heavy exports, but neither side dominates in high-tech.
Import Analysis by Product: Bolivia to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 31 | 29.48M | 39.05% |
| 27 | 11.69M | 15.49% |
| 05 | 8.34M | 11.05% |
| 85 | 6.78M | 8.98% |
| 34 | 1.84M | 2.43% |
| 12 | 1.60M | 2.12% |
| 25 | 1.43M | 1.90% |
| 44 | 1.28M | 1.69% |
| 41 | 1.25M | 1.65% |
| 15 | 1.18M | 1.56% |
Export Analysis by Product: Paraguay to Bolivia (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 38 | 20.91M | 22.85% |
| 30 | 11.26M | 12.30% |
| 12 | 10.77M | 11.77% |
| 83 | 9.82M | 10.73% |
| 76 | 7.62M | 8.33% |
| 72 | 6.44M | 7.04% |
| 34 | 3.02M | 3.30% |
| 84 | 2.97M | 3.24% |
| 11 | 2.86M | 3.13% |
| 23 | 2.05M | 2.24% |
Check Detailed Paraguay-Bolivia Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade surplus with Bolivia is expected to hold steady in 2025, supported by resilient demand for industrial inputs (HS 38, 30) and Bolivia’s reliance on Paraguayan chemicals. However, volatility in monthly shipments—particularly in fertilizers (HS 31) and mineral fuels (HS 27)—calls for caution. The Paraguay-Bolivia trade forecast suggests moderate growth, contingent on stabilizing agricultural input flows and mitigating seasonal swings. Traders should prepare for tighter margins in key commodities like fertilizers, where price sensitivity could erode gains from export diversification.
Strategic Moves
- Lock in fertilizer supply contracts: Given Paraguay’s heavy dependence on Bolivian fertilizers (39.05% of imports), importers should secure multi-year agreements to hedge against price spikes and delivery disruptions.
- Expand chemical export capacity: With HS 38 (miscellaneous chemicals) driving 22.85% of exports, Paraguayan producers should invest in scaling production to meet Bolivia’s industrial processing demand, targeting niche subcategories with higher margins.
- Diversify energy sourcing: Reduce reliance on Bolivian mineral fuels (HS 27) by exploring alternative suppliers in Argentina or Brazil to mitigate volatility risks highlighted by October’s 33.86% import drop.
Frequently Asked Questions
How did Paraguay - Bolivia trade perform in 2024 Whole Year?
Paraguay exported $91.52M to Bolivia and imported $75.50M, with mixed monthly growth but an overall trade surplus of $16.02M.
What are the top exports from Paraguay to Bolivia?
Miscellaneous chemical products (HS 38) dominate at 22.85%, followed by pharmaceuticals (HS 30), oilseeds (HS 12), and metal goods (HS 83), collectively accounting for 57.65%.
What does Paraguay import from Bolivia?
Fertilizers (HS 31) lead at 39.05%, with secondary imports including mineral fuels (HS 27) and animal products (HS 05), reflecting agricultural and energy dependencies.
What is the trade balance between Paraguay and Bolivia?
Paraguay holds a trade surplus of $16.02M, maintaining its net exporter role despite monthly volatility in both exports and imports.
2025 Sep Paraguay Blankets (HS 6301) Export Snapshot: Sharp Decline
Paraguay's Blankets Export (HS Code 6301) saw a 33% drop in September 2025, with Brazil as the top buyer. Track trends on yTrade for deeper insights.
Paraguay - Bolivia Trade 2024 Q4: Surplus Widens
Paraguay's trade surplus with Bolivia hit $12.34M in Q4 2024, driven by demand for chemicals and oilseeds. Explore Paraguay Bolivia trade trends and top trading products via yTrade data.
