Paraguay - France Trade 2023 Q3: Lopsided Exchange
Key Market Takeaways: Paraguay - France Trade
The bilateral trade relationship between Paraguay and France is heavily import-dependent, with Paraguay running a significant deficit in Q3 2023.
- Economic Pulse: Paraguay’s trade deficit with France hit $38.80M (imports at $43.76M vs. exports at $4.96M), reflecting a lopsided exchange. Volatile monthly swings—like August’s -52.89% YoY export drop—highlight instability.
- Exchange Structure: Paraguay - France trade statistics reveal a resource-for-tech dynamic: raw materials (food waste, animal products) make up 71.47% of Paraguay’s exports, while France dominates with pharmaceuticals (31.20% of imports) and machinery.
- Strategic Interdependence: Classic core-periphery dynamics—France supplies high-value tech, Paraguay provides commodities. Limited diversification locks Paraguay into a lower value-add position.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-France Trade Trend in Q3 2023
Paraguay Export Performance: Shipments to France
- Total Volume: Q3 2023 exports to France totaled 4.96M.
- Growth Trend & Context:
- YoY growth was erratic, with July (+156.86%) and September (+67.67%) surges offset by August (-52.89%).
- No specific trade news to explain volatility.
- Key Volatility: August (-69.49% MoM) saw the sharpest monthly drop, followed by a 167.01% MoM rebound in September.
Paraguay Import Performance: Sourcing from France
- Total Volume: Q3 2023 imports from France reached 43.76M, dwarfing exports.
- Growth Trend & Context:
- YoY imports spiked in July (+79.52%) and August (+40.91%) before contracting in September (-17.56%).
- Key Volatility: September (-42.71% MoM) marked a steep decline after strong July-August performance.
Paraguay - France Trade Balance & Market Dynamics
- Net Position: Paraguay ran a trade deficit of 38.80M (43.76M imports vs. 4.96M exports).
- Relationship Status: Heavily import-dependent on France, with Q3 imports nearly 9x export volumes.
Paraguay Import Trend from France 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 14.70M | 25.4% | 79.52% |
| Aug | 18.47M | 25.68% | 40.91% |
| Sep | 10.58M | -42.71% | -17.56% |
| Total | 43.76M | - | - |
Paraguay Export Trend to France 2023 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 2.34M | -0.29% | 156.86% |
| Aug | 713.67K | -69.49% | -52.89% |
| Sep | 1.91M | 167.01% | 67.67% |
| Total | 4.96M | - | - |
Get Historical Paraguay France Trade Records
Paraguay-France Top Trading Products in Q3 2023
Paraguay Export Profile: What Does Paraguay Sell to France
- Top Commodity: Rank #1 export is HS Code 23 (Food industry residues & waste), accounting for 37.73% of total exports to France.
- Demand Driver: Primarily raw materials (HS 23, 05, 12, 44) suggest France uses these for industrial processing (e.g., animal feed, biofuels). Consumer goods (HS 30, 33) serve France’s pharmaceutical and cosmetics markets.
- Concentration: The top 3 exports (HS 23, 05, 30) dominate 71.47% of trade, indicating high reliance on a few commodities.
Paraguay Import Profile: What Does Paraguay Buy from France
- Top Commodity: Rank #1 import is HS Code 30 (Pharmaceutical products), making up 31.20% of imports from France.
- Dependency Nature: Dominance of pharmaceuticals (HS 30) and machinery (HS 84, 85, 87) points to critical technology dependency. France supplies high-value-added goods Paraguay lacks domestically.
Paraguay - France Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports low-processed raw materials (food waste, animal products) and imports high-tech goods (pharmaceuticals, machinery).
- Value Chain Position: France holds the higher value-add position, with exports dominated by advanced manufacturing (HS 30, 87) versus Paraguay’s commodity-heavy exports (HS 23, 05). Trade reflects classic core-periphery dynamics.
Import Analysis by Product: France to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 30 | 13.65M | 31.20% |
| 33 | 9.42M | 21.52% |
| 38 | 5.45M | 12.45% |
| 87 | 4.36M | 9.97% |
| 85 | 2.17M | 4.95% |
| 31 | 1.22M | 2.80% |
| 90 | 1.06M | 2.41% |
| 84 | 801.07K | 1.83% |
| 39 | 705.93K | 1.61% |
| 22 | 676.99K | 1.55% |
Export Analysis by Product: Paraguay to France (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 1.87M | 37.73% |
| 05 | 866.49K | 17.48% |
| 30 | 806.40K | 16.26% |
| 12 | 422.20K | 8.51% |
| 33 | 312.21K | 6.30% |
| 44 | 293.22K | 5.91% |
| 17 | 283.20K | 5.71% |
| 41 | 60.27K | 1.22% |
| 22 | 37.09K | 0.75% |
| 09 | 2.67K | 0.05% |
Check Detailed Paraguay-France Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-France trade relationship is poised for continued volatility in Q4 2023, driven by Paraguay’s heavy reliance on French high-tech imports and fluctuating demand for its raw material exports. While France’s appetite for Paraguayan commodities (HS 23, 05) may sustain export volumes, the trade deficit—nearly 9x in France’s favor—will persist unless Paraguay diversifies its export basket. Expect import costs to remain elevated, particularly for pharmaceuticals (HS 30) and machinery (HS 84, 85), as France maintains its value-chain dominance.
Strategic Moves
- Diversify Export Markets: Paraguayan exporters must reduce dependence on France by targeting EU and regional buyers for HS 23 (food residues) and HS 05 (animal products), mitigating volatility risks.
- Lock in Pharma Supply Chains: Importers should negotiate long-term contracts for French pharmaceuticals (HS 30) to hedge against price surges and ensure stable access to critical medicines.
- Invest in Value-Added Processing: Paraguay’s government and private sector must prioritize upgrading raw material exports (e.g., refining HS 12 oils into biofuels) to capture higher margins and reduce the tech-trade imbalance.
Frequently Asked Questions
How did Paraguay - France trade perform in 2023 Q3?
Paraguay's exports to France totaled 4.96M in Q3 2023, with erratic YoY growth (July +156.86%, August -52.89%, September +67.67%). Imports from France reached 43.76M, spiking in July (+79.52%) and August (+40.91%) before declining in September (-17.56%).
What are the top exports from Paraguay to France?
HS Code 23 (Food industry residues & waste) dominated, accounting for 37.73% of exports. Other key exports include HS 05 (Animal products) and HS 30 (Pharmaceuticals), with the top 3 commodities making up 71.47% of trade.
What does Paraguay import from France?
HS Code 30 (Pharmaceutical products) was the top import (31.20% share), followed by machinery (HS 84, 85, 87). France supplies high-value-added goods like technology and advanced manufacturing products.
What is the trade balance between Paraguay and France?
Paraguay ran a trade deficit of 38.80M (43.76M imports vs. 4.96M exports), reflecting heavy import dependence on France. The gap widened due to France’s nearly 9x higher export volume to Paraguay.
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