Paraguay - Chile Trade 2024 Whole Year: Volatile Deficit Surge
Key Market Takeaways: Paraguay - Chile Trade
- The bilateral trade relationship between Paraguay and Chile is marked by volatility and a heavy Paraguayan trade deficit in 2024.
- Economic Pulse: Paraguay posted a -$695.72M trade deficit with Chile ($865.55M exports vs. $169.83M imports), with exports suffering sharp YoY declines while imports surged in H1.
- Exchange Structure: Paraguay - Chile trade statistics reveal a resource-for-consumer goods dynamic: raw agricultural exports (74% meat) dominate, while Chile supplies processed beverages (18.6%) and industrial inputs.
- Strategic Interdependence: Complementary but imbalanced—Chile captures higher value-add, while Paraguay remains a critical supplier of raw materials.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Chile Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Chile
- Total Volume: $865.55M in 2024.
- Growth Trend & Context:
- YoY declines dominated, with sharp drops in February (-18.81%), June (-35.08%), and November (-40.77%). Only April (+15.56%) and December (+19.17%) saw positive YoY growth.
- Key Volatility: April surged 36.76% MoM, while November plummeted -29.05% MoM.
Paraguay Import Performance: Sourcing from Chile
- Total Volume: $169.83M in 2024.
- Growth Trend & Context:
- YoY growth was strong in H1 (e.g., April +54.26%, July +70.46%) but moderated in H2 (e.g., September +16.23%, December +22.05%).
- Key Volatility: July spiked 107.28% MoM, while June dropped -27.36% MoM.
Paraguay - Chile Trade Balance & Market Dynamics
- Net Position: Paraguay holds a trade deficit of -$695.72M (Exports $865.55M vs. Imports $169.83M).
- Relationship Status: Heavy reliance on Chilean exports, with imports from Chile being a minor component of bilateral trade.
Paraguay Import Trend from Chile 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 12.38M | -3.77% | 25.66% |
| Feb | 11.68M | -5.62% | 11.47% |
| Mar | 12.63M | 8.14% | 5.06% |
| Apr | 16.57M | 31.14% | 54.26% |
| May | 12.17M | -26.54% | 4.73% |
| Jun | 8.84M | -27.36% | 10.86% |
| Jul | 18.32M | 107.28% | 70.46% |
| Aug | 13.64M | -25.57% | 31.89% |
| Sep | 13.67M | 0.22% | 16.23% |
| Oct | 18.49M | 35.25% | 29.25% |
| Nov | 15.73M | -14.9% | 16.46% |
| Dec | 15.70M | -0.22% | 22.05% |
| Total | 169.83M | - | - |
Paraguay Export Trend to Chile 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 65.35M | -13.43% | -21.57% |
| Feb | 59.83M | -8.45% | -18.81% |
| Mar | 65.30M | 9.15% | -2.9% |
| Apr | 89.31M | 36.76% | 15.56% |
| May | 87.69M | -1.81% | -26.79% |
| Jun | 65.51M | -25.3% | -35.08% |
| Jul | 72.50M | 10.67% | -17.33% |
| Aug | 78.17M | 7.82% | -46.5% |
| Sep | 61.63M | -21.15% | -21.62% |
| Oct | 86.21M | 39.88% | -26.68% |
| Nov | 61.17M | -29.05% | -40.77% |
| Dec | 72.89M | 19.17% | -3.44% |
| Total | 865.55M | - | - |
Get Historical Paraguay Chile Trade Records
Paraguay-Chile Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Chile
- Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) at 74.05% of total exports to Chile.
- Demand Driver: Chile primarily buys raw agricultural products (meat, grains, animal feed) for food processing and domestic consumption.
- Concentration: Extreme dominance by a single category (HS 02 accounts for 74% of exports).
Paraguay Import Profile: What Does Paraguay Buy from Chile
- Top Commodity: Rank #1 import is HS 22 (Beverages, spirits, and vinegar) at 18.58% of total imports from Chile.
- Dependency Nature: Imports are mixed—consumer goods (beverages, processed foods) and industrial inputs (plastics, pharmaceuticals). No critical dependency on a single category.
Paraguay - Chile Trade Relationship Dynamics
- The Exchange Model: Resource-for-Consumer Goods Complementarity. Paraguay exports raw agricultural products (meat, grains) while importing processed foods and industrial materials from Chile.
- Value Chain Position: Chile holds higher value-add, exporting processed beverages (HS 22) and pharmaceuticals (HS 30) versus Paraguay’s raw meat (HS 02) and grains (HS 10).
Import Analysis by Product: Chile to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 22 | 31.55M | 18.58% |
| 30 | 20.59M | 12.12% |
| 21 | 18.03M | 10.62% |
| 39 | 10.64M | 6.27% |
| 20 | 9.31M | 5.48% |
| 72 | 9.07M | 5.34% |
| 19 | 8.07M | 4.75% |
| 48 | 5.90M | 3.48% |
| 03 | 5.03M | 2.96% |
| 33 | 4.15M | 2.44% |
Export Analysis by Product: Paraguay to Chile (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 02 | 640.92M | 74.05% |
| 10 | 58.29M | 6.73% |
| 23 | 45.20M | 5.22% |
| 15 | 39.23M | 4.53% |
| 83 | 25.18M | 2.91% |
| 48 | 13.03M | 1.51% |
| 16 | 5.46M | 0.63% |
| 12 | 5.04M | 0.58% |
| 39 | 4.60M | 0.53% |
| 44 | 4.01M | 0.46% |
Check Detailed Paraguay-Chile Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade with Chile in 2025 will likely remain volatile but structurally stable, driven by Chile’s steady demand for Paraguayan meat (HS 02) and processed food imports. The persistent trade deficit (-$695.72M) signals an urgent need for Paraguay to diversify exports beyond raw agricultural goods, while Chile’s growing consumer market offers opportunities for higher-value agro-exports. However, erratic monthly fluctuations—like the -40.77% YoY drop in November 2024—warn of supply chain risks, requiring proactive mitigation.
Strategic Moves
- Diversify Export Baskets: Paraguayan exporters must reduce reliance on HS 02 (74% of exports) by expanding into processed meat or grain-based products to capture more value from Chile’s food processing sector.
- Lock in Long-Term Contracts: Given Chile’s volatile import spikes (e.g., +107.28% MoM in July 2024), Paraguayan buyers of Chilean beverages (HS 22) should secure fixed-price agreements to hedge against sudden cost surges.
- Optimize Logistics for Seasonal Swings: Traders must preempt April’s export surges (+36.76% MoM) and November slumps (-29.05% MoM) by aligning shipping schedules with Chilean inventory cycles, avoiding congestion penalties.
Frequently Asked Questions
How did Paraguay - Chile trade perform in 2024 Whole Year?
Paraguay exported $865.55M to Chile but faced YoY declines in most months, while imports from Chile grew strongly in H1, totaling $169.83M.
What are the top exports from Paraguay to Chile?
HS 02 (Meat and edible meat offal) dominates, accounting for 74.05% of Paraguay’s exports to Chile, reflecting heavy reliance on raw agricultural products.
What does Paraguay import from Chile?
The top import is HS 22 (Beverages, spirits, and vinegar) at 18.58%, alongside processed foods and industrial inputs like plastics and pharmaceuticals.
What is the trade balance between Paraguay and Chile?
Paraguay holds a trade deficit of -$695.72M with Chile, driven by higher exports of raw goods but significantly lower imports of processed and industrial products.
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