Paraguay - Israel Trade 2024 Q2: Surplus & Volatility
Key Market Takeaways: Paraguay - Israel Trade
The bilateral trade relationship between Paraguay and Israel shows growth with high volatility in Q2 2024.
- Economic Pulse: Paraguay holds a $16.45M trade surplus, with exports ($30.66M) more than double imports ($14.21M), though both flows saw sharp monthly swings.
- Exchange Structure: Paraguay - Israel trade statistics reveal a resource-for-tech complementarity—Paraguay supplies 80% meat exports, while Israel dominates with 93% fertilizer imports.
- Strategic Interdependence: The partnership reflects critical agricultural input dependency for Paraguay, with Israel securing raw materials in return.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Israel Trade Trend in Q2 2024
Paraguay Export Performance: Shipments to Israel
- Total Volume: $30.66M in Q2 2024.
- Growth Trend & Context:
- Mixed YoY performance: April (+14.73%) and June (+34.65%) growth offset May’s sharp decline (-38.71%).
- No trade policy news to contextualize trends.
- Key Volatility: May saw an -85.65% MoM drop, while June rebounded with a +459.18% MoM surge.
Paraguay Import Performance: Sourcing from Israel
- Total Volume: $14.21M in Q2 2024.
- Growth Trend & Context:
- Extreme YoY swings: May (+7430.74%) and June (+80.98%) growth contrasted with April’s -20.65% decline.
- Key Volatility: May’s imports spiked 273.05% MoM, then fell -16.17% in June.
Paraguay - Israel Trade Balance & Market Dynamics
- Net Position: Paraguay holds a $16.45M trade surplus with Israel (Exports: $30.66M > Imports: $14.21M).
- Relationship Status: Strong net exporter role, with exports more than double imports in Q2. Volatility in both flows suggests uneven trade execution.
Paraguay Import Trend from Israel 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 1.81M | 804.76% | -20.65% |
| May | 6.75M | 273.05% | 7430.74% |
| Jun | 5.66M | -16.17% | 80.98% |
| Total | 14.21M | - | - |
Paraguay Export Trend to Israel 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 15.76M | 57.42% | 14.73% |
| May | 2.26M | -85.65% | -38.71% |
| Jun | 12.64M | 459.18% | 34.65% |
| Total | 30.66M | - | - |
Get Historical Paraguay Israel Trade Records
Paraguay-Israel Top Trading Products in Q2 2024
Paraguay Export Profile: What Does Paraguay Sell to Israel
- Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) with 80.15% share.
- Demand Driver: Israel imports these for consumer market needs, likely driven by domestic food demand.
- Concentration: Trade is highly concentrated, with meat products dominating over 80% of exports.
Paraguay Import Profile: What Does Paraguay Buy from Israel
- Top Commodity: Rank #1 import is HS 31 (Fertilizers) with 92.71% share.
- Dependency Nature: Reflects critical agricultural input dependency, as Paraguay relies on Israeli fertilizers for farming.
Paraguay - Israel Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw agricultural products (meat) while importing high-value agricultural inputs (fertilizers).
- Value Chain Position: Israel holds the higher value-add position, supplying processed industrial inputs, while Paraguay provides primary commodities.
Import Analysis by Product: Israel to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 31 | 13.18M | 92.71% |
| 85 | 576.40K | 4.06% |
| 84 | 154.37K | 1.09% |
| 39 | 131.24K | 0.92% |
| 33 | 65.63K | 0.46% |
| 90 | 60.98K | 0.43% |
| 30 | 21.25K | 0.15% |
| 38 | 10.39K | 0.07% |
| 60 | 8.01K | 0.06% |
| 29 | 3.06K | 0.02% |
Export Analysis by Product: Paraguay to Israel (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 02 | 24.57M | 80.15% |
| 23 | 4.43M | 14.44% |
| 44 | 724.03K | 2.36% |
| 10 | 424.70K | 1.39% |
| 12 | 225.80K | 0.74% |
| 67 | 173.93K | 0.57% |
| 11 | 44.07K | 0.14% |
| 09 | 34.77K | 0.11% |
| 15 | 23.40K | 0.08% |
| 76 | 8.80K | 0.03% |
Check Detailed Paraguay-Israel Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Israel trade relationship is poised for continued growth in Q3 2024, driven by strong demand for Paraguayan meat (HS 02) and Israel’s critical fertilizer exports (HS 31). However, the extreme volatility in monthly trade flows—particularly May’s sharp declines and June’s rebounds—suggests traders should prepare for uneven execution. Given Paraguay’s structural surplus and Israel’s reliance on agricultural inputs, the trade balance will likely remain favorable for Paraguay, but price stability in fertilizers and meat markets will be key to sustaining momentum.
Strategic Moves
- Lock in Long-Term Contracts: Paraguayan meat exporters should secure multi-quarter agreements with Israeli buyers to mitigate price swings, while importers of Israeli fertilizers must hedge against input cost volatility.
- Diversify Export Markets: Paraguay’s overreliance on meat exports to Israel exposes it to demand shocks. Traders should explore new markets in the Middle East and Asia to reduce concentration risk.
- Invest in Value-Add Processing: Paraguay should leverage its agricultural strength by developing domestic fertilizer production or meat processing capabilities to capture more value from the trade relationship, reducing dependency on Israeli inputs.
Frequently Asked Questions
How did Paraguay - Israel trade perform in 2024 Q2?
Paraguay exported $30.66M to Israel and imported $14.21M, with mixed YoY growth—exports surged in June (+34.65%) but imports saw extreme swings (+7430.74% in May).
What are the top exports from Paraguay to Israel?
Meat and edible meat offal (HS 02) dominated Paraguay’s exports to Israel, accounting for 80.15% of total shipments.
What does Paraguay import from Israel?
Fertilizers (HS 31) were the top import, making up 92.71% of Paraguay’s purchases from Israel.
What is the trade balance between Paraguay and Israel?
Paraguay held a $16.45M trade surplus with Israel in Q2 2024, as exports more than doubled imports.
Paraguay - Israel Trade 2024 Q1: Surplus Soars
Paraguay's trade surplus with Israel hit $23.83M in Q1 2024, driven by meat exports and Israeli fertilizer imports. Explore Paraguay Israel trade trends and top trading products via yTrade data.
Paraguay - Israel Trade 2024 Q3: Surplus & Tech-Meats
Paraguay's trade surplus with Israel hit $39.36M in Q3 2024, fueled by meat exports and fertilizer imports. Explore Paraguay Israel trade trends and top trading products via yTrade data.
