Paraguay - Israel Trade 2024 Q4: Surplus & Tech-Resource Swap

Key Market Takeaways: Paraguay - Israel Trade

The bilateral trade relationship between Paraguay and Israel surged in Q4 2024, driven by Paraguay's explosive export growth.

• Economic Pulse: Paraguay posted a $28.98M trade surplus, with exports ($38.39M) far outpacing imports ($9.41M). Volatility marked both sides—exports spiked over 1,000% YoY, while imports saw sharp declines.
• Exchange Structure: Paraguay - Israel trade statistics reveal a resource-for-tech dynamic: meat (92.65% of exports) flows to Israel, while fertilizers (84.63% of imports) support Paraguay’s agricultural sector.
• Strategic Interdependence: Highly complementary but asymmetric—Israel supplies critical inputs, while Paraguay dominates as a raw material exporter.

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

Paraguay-Israel Trade Trend in Q4 2024

Paraguay Export Performance: Shipments to Israel

• Total Volume: $38.39M in Q4 2024.
• Growth Trend & Context:
  • Explosive YoY growth: +1133.28% in October, +995.17% in December.
  • No specific trade news to explain the surge. Focus on organic demand or base effect from low 2023 volumes.
• Key Volatility: December saw a 193.18% MoM spike, driving the quarter’s total.

Paraguay Import Performance: Sourcing from Israel

• Total Volume: $9.41M in Q4 2024.
• Growth Trend & Context:
  • Mixed YoY: October up 69.44%, but November and December down ~62-65%.
  • No news to contextualize the decline.
• Key Volatility: October’s imports dropped 71.22% MoM, the sharpest quarterly contraction.

Paraguay - Israel Trade Balance & Market Dynamics

• Net Position: $28.98M surplus for Paraguay (Exports $38.39M > Imports $9.41M).
• Relationship Status: Paraguay dominates as a net exporter, with Israel absorbing significantly more goods than it supplies.

Paraguay Import Trend from Israel 2024 Q4 (Source: yTrade)**

Paraguay Export Trend to Israel 2024 Q4 (Source: yTrade)**

Get Historical Paraguay Israel Trade Records

Paraguay-Israel Top Trading Products in Q4 2024

Paraguay Export Profile: What Does Paraguay Sell to Israel

• Top Commodity: Rank #1 export is HS Code 02 (Meat and edible meat offal) with a 92.65% 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 90% of exports.

Paraguay Import Profile: What Does Paraguay Buy from Israel

• Top Commodity: Rank #1 import is HS Code 31 (Fertilizers) with an 84.63% share.
• Dependency Nature: Reflects agricultural input dependency, as Paraguay relies on Israeli fertilizers for its farming sector.

Paraguay - Israel Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw agricultural goods (meat) while importing high-value agricultural inputs (fertilizers).
• Value Chain Position: Israel holds the higher value-add position, supplying critical inputs for Paraguay's primary sector.

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 continued expansion, driven by Paraguay’s explosive meat exports and Israel’s steady demand for agricultural inputs. Given the 1,133% YoY surge in Q4 2024, meat shipments are likely to sustain high growth, though volatility may persist due to base effects. Israel’s fertilizer exports to Paraguay, despite recent declines, remain critical for the latter’s farming sector, suggesting a rebound as planting cycles resume. Traders should anticipate deeper integration, with Paraguay solidifying its role as a key meat supplier and Israel maintaining its position as a high-value input provider.

Strategic Moves

• Lock in Meat Export Contracts: Paraguayan exporters should secure long-term agreements with Israeli buyers to stabilize revenue streams and mitigate price fluctuations in the volatile meat market.
• Diversify Fertilizer Sources: Paraguay must reduce dependency on Israeli fertilizers by exploring alternative suppliers or investing in domestic production to hedge against import volatility.
• Expand Trade Facilitation: Both governments should streamline customs procedures and reduce non-tariff barriers to capitalize on the complementary trade model and boost bilateral volumes.

Frequently Asked Questions

How did Paraguay - Israel trade perform in 2024 Q4?

Paraguay's exports to Israel surged to $38.39M, with explosive YoY growth (up to +1133.28%), while imports from Israel dropped to $9.41M, showing mixed YoY trends.

What are the top exports from Paraguay to Israel?

Meat and edible meat offal (HS Code 02) dominated Paraguay's exports to Israel, accounting for 92.65% of total shipments.

What does Paraguay import from Israel?

Fertilizers (HS Code 31) were the top import from Israel, making up 84.63% of Paraguay's purchases.

What is the trade balance between Paraguay and Israel?

Paraguay recorded a $28.98M trade surplus with Israel in Q4 2024, driven by strong meat exports and lower fertilizer imports.