Paraguay - Chile Trade 2025 Q1: $161M Surplus

Key Market Takeaways: Paraguay - Chile Trade

The bilateral trade relationship between Paraguay and Chile remains heavily skewed in Paraguay’s favor in Q1 2025.

• Economic Pulse: Paraguay holds a $161.15M trade surplus with Chile ($198.59M exports vs. $37.44M imports), though both sides saw volatile monthly swings.
• Exchange Structure: Paraguay - Chile trade statistics reveal a resource-for-consumer goods model: raw meat (77.76% of exports) flows to Chile, while processed beverages (19.42% of imports) dominate returns.
• Strategic Interdependence: Complementary but asymmetric—Chile captures higher value-add, while Paraguay relies on meat exports to anchor the relationship.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Paraguay-Chile Trade Trend in Q1 2025

Paraguay Export Performance: Shipments to Chile

• Total Volume: $198.59M in Q1 2025.
• Growth Trend & Context: Mixed YoY performance—February surged 17.14%, but March dropped 6.61%. No news to contextualize shifts.
• Key Volatility: March saw a sharp MoM decline (-12.98%), erasing February’s 3.8% gain.

Paraguay Import Performance: Sourcing from Chile

• Total Volume: $37.44M in Q1 2025.
• Growth Trend & Context: February imports spiked 10.51% YoY, but January and March contracted (-2.88% and -0.97%, respectively). No news to explain fluctuations.
• Key Volatility: January imports plummeted 23.43% MoM, the steepest quarterly drop.

Paraguay - Chile Trade Balance & Market Dynamics

• Net Position: Paraguay holds a trade surplus of $161.15M (Exports: $198.59M > Imports: $37.44M).
• Relationship Status: Dominant net exporter, with exports to Chile exceeding imports by 5.3x. Trade remains heavily skewed in Paraguay’s favor.

Paraguay Import Trend from Chile 2025 Q1 (Source: yTrade)**

Paraguay Export Trend to Chile 2025 Q1 (Source: yTrade)**

Get Historical Paraguay Chile Trade Records

Paraguay-Chile Top Trading Products in Q1 2025

Paraguay Export Profile: What Does Paraguay Sell to Chile

• Top Commodity: Rank #1 export is HS Code 02 (Meat and edible meat offal), accounting for 77.76% of total exports to Chile.
• Demand Driver: Chile likely imports these for consumer market needs, given the high share of meat products.
• Concentration: Trade is heavily concentrated in a single category (HS Code 02), dominating over three-quarters of exports.

Paraguay Import Profile: What Does Paraguay Buy from Chile

• Top Commodity: Rank #1 import is HS Code 22 (Beverages, spirits, and vinegar), making up 19.42% of total imports from Chile.
• Dependency Nature: Imports are consumer-oriented (beverages, food preparations), suggesting food market reliance rather than critical industrial inputs.

Paraguay - Chile Trade Relationship Dynamics

• The Exchange Model: Resource-for-Consumer Goods Trade. Paraguay exports raw agricultural products (meat) to Chile, while importing processed food and beverages in return.
• Value Chain Position: Chile holds the higher value-add position, exporting processed goods (HS 22, 21, 30) versus Paraguay’s raw meat exports.

Import Analysis by Product: Chile to Paraguay (Source: yTrade)

Export Analysis by Product: Paraguay to Chile (Source: yTrade)

Check Detailed Paraguay-Chile Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Chile trade relationship is likely to remain stable in Q2 2025, with Paraguay sustaining its $161.15M surplus due to strong demand for its meat exports (HS Code 02). However, the volatility in monthly trade flows—particularly the sharp March decline—suggests exporters should prepare for potential demand fluctuations. Chile’s reliance on Paraguayan meat and Paraguay’s imports of Chilean processed goods (HS Code 22) will keep the resource-for-consumer goods exchange model intact, but diversification is critical to mitigate concentration risks.

Strategic Moves

• Diversify Export Markets: Paraguayan meat exporters should explore alternative buyers to reduce overreliance on Chile, hedging against sudden demand drops.
• Negotiate Long-Term Contracts: Secure fixed-price agreements with Chilean beverage importers (HS Code 22) to stabilize revenue streams amid volatile trade volumes.
• Invest in Value-Added Processing: Paraguay must shift from raw meat exports to processed meat products to capture higher margins and reduce Chile’s dominance in value-added trade.

Frequently Asked Questions

How did Paraguay - Chile trade perform in 2025 Q1?

Paraguay exported $198.59M to Chile and imported $37.44M, with mixed YoY growth—February exports surged 17.14%, while March dropped 6.61%.

What are the top exports from Paraguay to Chile?

Meat and edible meat offal (HS Code 02) dominated, accounting for 77.76% of Paraguay’s total exports to Chile.

What does Paraguay import from Chile?

Beverages, spirits, and vinegar (HS Code 22) were the top import, making up 19.42% of Paraguay’s total imports from Chile.

What is the trade balance between Paraguay and Chile?

Paraguay held a trade surplus of $161.15M, with exports exceeding imports by 5.3x in Q1 2025.