Paraguay - Mainland China Trade 2023 Whole Year: Deficit-Driven Exchange
Key Market Takeaways: Paraguay - Mainland China Trade
The bilateral trade relationship between Paraguay and Mainland China is marked by extreme asymmetry and volatility in 2023.
- Deficit-Driven Trade: Paraguay runs a $5.4B trade deficit with Mainland China, importing $5.42B (mostly tech) while exporting just $20.53M (raw materials).
- Resource-for-Tech Exchange: Paraguay - Mainland China trade statistics show a lopsided raw materials (wood) for advanced machinery (electrical goods) dynamic, with 47% of exports and imports concentrated in single commodity categories.
- Strategic Dependency: Paraguay’s minimal export capacity underscores deep reliance on Chinese industrial inputs, with no signs of rebalancing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Mainland China Trade Trend in Whole Year 2023
Paraguay Export Performance: Shipments to Mainland China
- Total Volume: $20.53M in 2023.
- Growth Trend & Context:
- Volatile YoY swings, ranging from -78.86% (Feb) to +131.98% (May).
- No specific trade news to explain fluctuations.
- Key Volatility: March saw a 291.78% MoM surge, while June and July posted sharp drops (-57.99% and -33.37% MoM, respectively).
Paraguay Import Performance: Sourcing from Mainland China
- Total Volume: $5.42B in 2023.
- Growth Trend & Context:
- Strong YoY growth, peaking at +53.17% in December.
- No news context provided for the upward trend.
- Key Volatility: September and December recorded the highest MoM jumps (+20.61% and +21.27%), while February and April saw steep declines (-21.21% and -18.09%).
Paraguay - Mainland China Trade Balance & Market Dynamics
- Net Position: Trade deficit of $5.40B (Imports $5.42B vs. Exports $20.53M).
- Relationship Status: Paraguay is heavily dependent on imports from Mainland China, with minimal export activity.
Paraguay Import Trend from Mainland China 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 467.37M | 31.41% | 5.89% |
| Feb | 368.24M | -21.21% | 3.52% |
| Mar | 456.37M | 23.93% | 4.89% |
| Apr | 373.82M | -18.09% | 6.51% |
| May | 439.40M | 17.54% | 19.88% |
| Jun | 410.78M | -6.51% | 3.19% |
| Jul | 428.44M | 4.3% | 7.88% |
| Aug | 445.16M | 3.9% | 4.65% |
| Sep | 536.89M | 20.61% | 32.61% |
| Oct | 497.51M | -7.34% | 44.68% |
| Nov | 449.23M | -9.7% | 7.67% |
| Dec | 544.77M | 21.27% | 53.17% |
| Total | 5.42B | - | - |
Paraguay Export Trend to Mainland China 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 652.96K | -33.13% | -52.6% |
| Feb | 888.57K | 36.08% | -78.86% |
| Mar | 3.48M | 291.78% | 33.5% |
| Apr | 1.93M | -44.54% | -35.64% |
| May | 3.71M | 92.19% | 131.98% |
| Jun | 1.56M | -57.99% | 25.2% |
| Jul | 1.04M | -33.37% | -23.16% |
| Aug | 1.49M | 43.79% | -10.32% |
| Sep | 1.51M | 0.82% | -11.62% |
| Oct | 1.18M | -21.56% | -17.66% |
| Nov | 1.46M | 23.37% | 121.59% |
| Dec | 1.63M | 11.91% | 66.99% |
| Total | 20.53M | - | - |
Get Historical Paraguay Mainland China Trade Records
Paraguay-Mainland China Top Trading Products in Whole Year 2023
Paraguay Export Profile: What Does Paraguay Sell to Mainland China
- Top Commodity: HS Code 44 (Wood and wood products) dominates with 47.49% share.
- Demand Driver: Mainland China uses these for industrial processing, likely in construction or manufacturing.
- Concentration: Highly concentrated—HS 44 alone accounts for nearly half of exports.
Paraguay Import Profile: What Does Paraguay Buy from Mainland China
- Top Commodity: HS Code 85 (Electrical machinery) leads at 47.00% share.
- Dependency Nature: Critical technology dependency—Paraguay relies on Mainland China for high-tech industrial inputs.
Paraguay - Mainland China Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay supplies raw materials (wood, metals) in exchange for advanced machinery and electronics.
- Value Chain Position: Mainland China holds the higher value-add position, exporting complex goods (HS 85, 84) versus Paraguay’s raw or semi-processed exports (HS 44, 74).
Import Analysis by Product: Mainland China to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 2.55B | 47.00% |
| 84 | 803.67M | 14.83% |
| 40 | 271.92M | 5.02% |
| 29 | 208.42M | 3.85% |
| 87 | 197.30M | 3.64% |
| 38 | 160.47M | 2.96% |
| 95 | 157.68M | 2.91% |
| 72 | 128.76M | 2.38% |
| 76 | 89.68M | 1.66% |
| 31 | 73.58M | 1.36% |
Export Analysis by Product: Paraguay to Mainland China (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 44 | 9.75M | 47.49% |
| 74 | 3.37M | 16.41% |
| 38 | 2.23M | 10.88% |
| 41 | 1.71M | 8.34% |
| 76 | 1.25M | 6.09% |
| 85 | 638.21K | 3.11% |
| 33 | 619.69K | 3.02% |
| 15 | 226.66K | 1.10% |
| 17 | 182.72K | 0.89% |
| 29 | 159.21K | 0.78% |
Check Detailed Paraguay-Mainland China Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Mainland China trade relationship is expected to remain lopsided in 2024, with Paraguay’s import dependency on Chinese electronics and machinery deepening further. While Paraguay’s wood exports to China may stabilize, the extreme volatility in monthly shipments suggests exporters must brace for unpredictable demand swings. Without diversification, the $5.4B trade deficit will widen, exposing Paraguay to supply chain risks if China’s industrial priorities shift.
Strategic Moves
- Lock in long-term wood supply contracts: Paraguayan exporters should secure multi-year deals with Chinese buyers to mitigate erratic demand, leveraging HS 44’s dominance (47.49% share).
- Diversify import sources for critical tech: Reduce overreliance on Chinese machinery (HS 85, 47% share) by exploring alternative suppliers in Southeast Asia or Mexico to hedge against geopolitical disruptions.
- Invest in semi-processed wood products: Move up the value chain by refining raw timber (HS 44) into engineered wood or furniture components to capture higher margins and reduce vulnerability to commodity price swings.
Frequently Asked Questions
How did Paraguay - Mainland China trade perform in 2023 Whole Year?
Paraguay exported $20.53M to Mainland China and imported $5.42B, showing volatile export growth but strong import growth.
What are the top exports from Paraguay to Mainland China?
Wood and wood products (HS Code 44) dominated, accounting for 47.49% of Paraguay’s exports to Mainland China.
What does Paraguay import from Mainland China?
Electrical machinery (HS Code 85) was the top import, making up 47.00% of Paraguay’s purchases from Mainland China.
What is the trade balance between Paraguay and Mainland China?
Paraguay had a trade deficit of $5.40B, driven by heavy reliance on imports from Mainland China.
2025 Q2 Paraguay Leather Machinery Parts (HS420500) Export Snapshot: Surge & Collapse
Paraguay's Leather Machinery Parts Export (HS Code 420500) saw a 58% surge in April, then a 69% drop in May before rebounding 210% in June. Track trends on yTrade.
Paraguay - Mainland China Trade 2023 Q2: Deficit & Volatility
Paraguay's Mainland China trade trend shows a $1.21B deficit, with wood exports and tech imports dominating. Explore Paraguay Mainland China top trading product insights via yTrade data.
