Paraguay - Israel Trade 2024 Q3: Surplus & Tech-Meats

Key Market Takeaways: Paraguay - Israel Trade

The bilateral trade relationship between Paraguay and Israel surged in Q3 2024, with Paraguay maintaining a strong net exporter position.

• Economic Pulse: Paraguay posted a $39.36M trade surplus ($64.01M exports vs. $24.65M imports), driven by triple-digit YoY export growth.
• Exchange Structure: Paraguay - Israel trade statistics reveal a resource-for-tech dynamic—Paraguay supplies meat (95.8% of exports) while importing Israeli fertilizers (95.7% of imports).
• Strategic Interdependence: Highly complementary economies, with Paraguay dependent on Israeli agricultural inputs and Israel reliant on Paraguayan meat exports.

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

Paraguay-Israel Trade Trend in Q3 2024

Paraguay Export Performance: Shipments to Israel

• Total Volume: $64.01M in Q3 2024.
• Growth Trend & Context:
  • YoY growth surged across all months, peaking at +150.17% in September.
  • No specific trade news or policy changes were cited to explain this expansion.
• Key Volatility: July saw the highest MoM jump (+62.26%), while August growth slowed sharply to +1.41%.

Paraguay Import Performance: Sourcing from Israel

• Total Volume: $24.65M in Q3 2024.
• Growth Trend & Context:
  • YoY swings were extreme: -17.4% in July, +425.94% in September.
• Key Volatility: August imports dropped -40.01% MoM before rebounding +61.36% in September.

Paraguay - Israel Trade Balance & Market Dynamics

• Net Position: Paraguay holds a trade surplus of $39.36M (Exports $64.01M vs. Imports $24.65M).
• Relationship Status: Strong net exporter role, with exports 2.6x higher than imports.

Paraguay Import Trend from Israel 2024 Q3 (Source: yTrade)**

Paraguay Export Trend to Israel 2024 Q3 (Source: yTrade)**

Get Historical Paraguay Israel Trade Records

Paraguay-Israel Top Trading Products in Q3 2024

Paraguay Export Profile: What Does Paraguay Sell to Israel

• Top Commodity: Rank #1 export is HS Code 02 (Meat and edible meat offal), accounting for 95.83% of total exports to Israel.
• Demand Driver: Israel imports these primarily for consumer market needs, indicating strong demand for Paraguayan meat products.
• Concentration: Trade is highly concentrated, with a single category (HS 02) dominating at over 95% share.

Paraguay Import Profile: What Does Paraguay Buy from Israel

• Top Commodity: Rank #1 import is HS Code 31 (Fertilizers), making up 95.66% of total imports from Israel.
• Dependency Nature: Paraguay relies heavily on Israeli fertilizers, suggesting critical agricultural input dependency for its farming sector.

Paraguay - Israel Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw agricultural products (meat) in exchange for high-value industrial inputs (fertilizers).
• Value Chain Position: Israel holds the higher value-add position, supplying advanced agricultural inputs, while Paraguay provides primary commodities.

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

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

Check Detailed Paraguay-Israel Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Israel trade relationship is poised for sustained growth in the near term, driven by Paraguay’s dominant position as a meat exporter and Israel’s critical role as a fertilizer supplier. Given the surging YoY export growth (+150.17% peak) and Israel’s reliance on Paraguayan meat, demand is likely to remain robust. However, import volatility (-40.01% MoM drop in August) signals potential supply chain disruptions or pricing fluctuations, requiring proactive risk management. The resource-for-tech complementarity will continue to define this bilateral trade, but diversification is essential to mitigate over-reliance on a single commodity on both sides.

Strategic Moves

• Lock in Long-Term Meat Contracts: Paraguayan exporters should secure multi-year agreements with Israeli buyers to stabilize revenue streams and hedge against price volatility in the meat market.
• Diversify Fertilizer Sources: Paraguay must reduce dependency on Israeli fertilizers by exploring alternative suppliers or investing in domestic production capabilities to safeguard agricultural output.
• Expand Trade Beyond Core Commodities: Both nations should explore opportunities in secondary sectors—such as agri-tech collaboration or processed food exports—to balance the trade structure and unlock new growth avenues.

Frequently Asked Questions

How did Paraguay - Israel trade perform in 2024 Q3?

Paraguay's exports to Israel surged to $64.01M with strong YoY growth, while imports from Israel totaled $24.65M, showing extreme YoY swings.

What are the top exports from Paraguay to Israel?

Meat and edible meat offal (HS Code 02) dominate, accounting for 95.83% of Paraguay's exports to Israel.

What does Paraguay import from Israel?

Fertilizers (HS Code 31) are the top import, making up 95.66% of Paraguay's purchases from Israel.

What is the trade balance between Paraguay and Israel?

Paraguay holds a trade surplus of $39.36M, with exports 2.6x higher than imports.