Paraguay - Germany Trade 2024 Whole Year: Persistent Deficit
Key Market Takeaways: Paraguay - Germany Trade
The bilateral trade relationship between Paraguay and Germany is marked by volatility and a persistent trade deficit in 2024.
- Economic Pulse: Paraguay runs a €306.4M trade deficit with Germany (€364.36M imports vs. €57.96M exports), with imports dominating despite erratic export growth spikes.
- Exchange Structure: Paraguay - Germany trade statistics reveal a resource-for-tech complementarity—Paraguay supplies agricultural inputs (oil seeds, meat) while Germany delivers high-value machinery and pharmaceuticals.
- Strategic Interdependence: The partnership is asymmetrical, with Germany holding the higher value-add position, but Paraguay’s raw materials remain critical for German industrial processing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Germany Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Germany
- Total Volume: €57.96M in 2024.
- Growth Trend & Context:
- Mixed YoY performance: Strong rebounds in March (+41.06%) and August (+271.35%) offset declines in June (-29.5%) and September (-5.78%).
- Key Volatility: August saw a 203.73% MoM surge, while September dropped 68.19% MoM—indicating extreme month-to-month swings.
Paraguay Import Performance: Sourcing from Germany
- Total Volume: €364.36M in 2024.
- Growth Trend & Context:
- YoY declines dominated (-21.86% in February, -17.69% in September), except for spikes in June (+48.9%) and November (+44.09%).
- Key Volatility: July posted the highest monthly import value (€35.07M, +15.52% MoM), while September hit the lowest (€27.91M, -12.95% MoM).
Paraguay - Germany Trade Balance & Market Dynamics
- Net Position: Trade Deficit of €306.4M (€364.36M imports vs. €57.96M exports).
- Relationship Status: Paraguay remains heavily import-dependent on Germany, with exports failing to offset the deficit despite volatile growth spikes.
Paraguay Import Trend from Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 29.50M | 6.09% | 30.33% |
| Feb | 25.39M | -13.95% | -21.86% |
| Mar | 25.15M | -0.93% | -18.75% |
| Apr | 30.89M | 22.78% | 12.96% |
| May | 29.18M | -5.53% | -15.34% |
| Jun | 30.36M | 4.05% | 48.9% |
| Jul | 35.07M | 15.52% | 40.76% |
| Aug | 32.06M | -8.58% | -0.48% |
| Sep | 27.91M | -12.95% | -17.69% |
| Oct | 30.11M | 7.9% | 1.84% |
| Nov | 36.71M | 21.91% | 44.09% |
| Dec | 32.02M | -12.79% | 15.12% |
| Total | 364.36M | - | - |
Paraguay Export Trend to Germany 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 2.96M | -13.76% | 21.45% |
| Feb | 3.48M | 17.54% | 9.28% |
| Mar | 3.57M | 2.55% | 41.06% |
| Apr | 3.71M | 3.91% | -5.8% |
| May | 4.21M | 13.35% | -1.15% |
| Jun | 2.50M | -40.62% | -29.5% |
| Jul | 4.52M | 80.86% | 12.02% |
| Aug | 13.72M | 203.73% | 271.35% |
| Sep | 4.36M | -68.19% | -5.78% |
| Oct | 5.29M | 21.21% | 11.12% |
| Nov | 5.03M | -5.01% | 18.96% |
| Dec | 4.61M | -8.3% | 34.13% |
| Total | 57.96M | - | - |
Get Historical Paraguay Germany Trade Records
Paraguay-Germany Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Germany
- Top Commodity: Rank #1 export is HS 12 (Oil seeds and oleaginous fruits) with a 25.86% share.
- Demand Driver: Germany uses these for industrial processing, likely in food production or biofuel.
- Concentration: The top two categories (HS 12 and HS 02) account for 44.08% of exports, indicating moderate concentration.
Paraguay Import Profile: What Does Paraguay Buy from Germany
- Top Commodity: Rank #1 import is HS 30 (Pharmaceutical products) with a 22.52% share.
- Dependency Nature: Critical technology dependency, as most top imports are high-value machinery (HS 84, HS 85) and pharmaceuticals.
Paraguay - Germany Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports raw materials (oil seeds, meat) and imports high-tech goods (machinery, pharmaceuticals).
- Value Chain Position: Germany holds the higher value-add position, supplying advanced manufactured goods, while Paraguay provides agricultural inputs.
Import Analysis by Product: Germany to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 30 | 82.06M | 22.52% |
| 84 | 72.98M | 20.03% |
| 87 | 53.98M | 14.81% |
| 85 | 42.50M | 11.66% |
| 31 | 19.28M | 5.29% |
| 38 | 19.14M | 5.25% |
| 90 | 16.00M | 4.39% |
| 39 | 11.62M | 3.19% |
| 40 | 4.61M | 1.26% |
| 59 | 3.81M | 1.05% |
Export Analysis by Product: Paraguay to Germany (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 14.99M | 25.86% |
| 02 | 10.56M | 18.22% |
| 84 | 9.34M | 16.11% |
| 44 | 4.87M | 8.40% |
| 17 | 4.83M | 8.34% |
| 42 | 2.49M | 4.29% |
| 05 | 1.87M | 3.23% |
| 85 | 1.59M | 2.74% |
| 33 | 1.18M | 2.04% |
| 52 | 1.08M | 1.87% |
Check Detailed Paraguay-Germany Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Germany trade relationship is poised for continued volatility in 2025, driven by fluctuating demand for Paraguay’s agricultural exports and Germany’s high-value industrial goods. While Paraguay’s exports to Germany show potential for growth—particularly in oil seeds (HS 12) and meat (HS 02)—the trade deficit will likely persist unless export diversification accelerates. Germany’s reliance on Paraguayan raw materials and Paraguay’s dependency on German technology and pharmaceuticals suggest a stable but imbalanced exchange. Traders should prepare for sharp month-to-month swings, especially in commodity-driven sectors.
Strategic Moves
- Diversify Export Markets: Paraguayan exporters must reduce reliance on Germany by targeting other EU markets for agricultural goods, mitigating the risk of demand shocks.
- Lock in Long-Term Contracts: German importers of Paraguayan oil seeds should secure fixed-price agreements to hedge against supply volatility and price fluctuations.
- Invest in Value-Added Processing: Paraguay should prioritize local processing of raw materials (e.g., biofuel production from oil seeds) to capture higher margins and reduce dependency on German machinery imports.
Frequently Asked Questions
How did Paraguay - Germany trade perform in 2024 Whole Year?
Paraguay exported €57.96M to Germany and imported €364.36M, resulting in a trade deficit of €306.4M. Exports showed volatile growth, while imports faced YoY declines except for spikes in June and November.
What are the top exports from Paraguay to Germany?
The top exports are HS 12 (Oil seeds and oleaginous fruits) with a 25.86% share and HS 02 (Meat and edible meat offal), together accounting for 44.08% of total exports.
What does Paraguay import from Germany?
The top imports are HS 30 (Pharmaceutical products) with a 22.52% share, followed by high-value machinery (HS 84, HS 85), reflecting Germany's dominance in advanced manufactured goods.
What is the trade balance between Paraguay and Germany?
Paraguay recorded a trade deficit of €306.4M in 2024, driven by heavy reliance on German high-tech imports and limited export capacity to offset the gap.
Paraguay - Germany Trade 2023 Q4: Widening Deficit
Paraguay's trade deficit with Germany hit €70.44M in Q4 2023, driven by oilseeds exports and German machinery imports. Explore Paraguay-Germany trade trends on yTrade.
Paraguay - Germany Trade 2024 Q1: Deficit-Driven Exchange
Paraguay's trade deficit with Germany hit 70.03M in Q1 2024, driven by raw material exports and high-value tech imports. Explore Paraguay Germany trade trends and top trading products via yTrade data.
