Paraguay - Mainland China Trade 2024 Whole Year: Tech Imports Dominate
Key Market Takeaways: Paraguay - Mainland China Trade
The bilateral trade relationship between Paraguay and Mainland China is marked by extreme volatility and a structural trade imbalance in 2024.
- Deficit Dominance: Paraguay runs a $5.54B trade deficit with China, importing $5.57B (mostly tech) while exporting just $25.07M (raw materials). Volatility spikes in both directions, with MoM swings exceeding 250%.
- Resource-for-Tech Exchange: Paraguay - Mainland China trade statistics reveal a lopsided raw materials-for-manufactured goods dynamic: wood (30.77% of exports) vs. machinery/electronics (53.87% of imports).
- Asymmetric Interdependence: Paraguay relies heavily on Chinese tech imports, while China sources niche commodities—a classic primary-vs-processed goods imbalance.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Mainland China Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Mainland China
- Total Volume: $25.07M in 2024.
- Growth Trend & Context:
- Volatile YoY swings, ranging from -45.59% (Nov) to +304.76% (Feb). No clear directional trend.
- Extreme MoM volatility: 251% surge in February followed by a 72.63% collapse in November.
- Key Volatility: February (251% MoM) and December (267.59% MoM) saw explosive growth, while November posted the steepest drop (-72.63% MoM).
Paraguay Import Performance: Sourcing from Mainland China
- Total Volume: $5.57B in 2024.
- Growth Trend & Context:
- Mixed YoY performance: peaks like +26.87% (April) contrasted with -20.48% (September).
- MoM swings were sharp, e.g., -29.88% (February) and +21.78% (July).
- Key Volatility: February recorded the lowest monthly value ($371.13M), while May ($488.14M) was the peak.
Paraguay - Mainland China Trade Balance & Market Dynamics
- Net Position: Trade deficit of ~$5.54B (Imports $5.57B vs. Exports $25.07M).
- Relationship Status: Heavy reliance on Chinese imports, with exports negligible by comparison. Structural trade imbalance persists.
Paraguay Import Trend from Mainland China 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 529.29M | -2.84% | 13.25% |
| Feb | 371.13M | -29.88% | 0.79% |
| Mar | 439.83M | 18.51% | -3.62% |
| Apr | 474.28M | 7.83% | 26.87% |
| May | 488.14M | 2.92% | 11.09% |
| Jun | 393.29M | -19.43% | -4.26% |
| Jul | 478.96M | 21.78% | 11.79% |
| Aug | 462.34M | -3.47% | 3.86% |
| Sep | 426.95M | -7.65% | -20.48% |
| Oct | 496.23M | 16.23% | -0.26% |
| Nov | 494.23M | -0.4% | 10.02% |
| Dec | 515.88M | 4.38% | -5.3% |
| Total | 5.57B | - | - |
Paraguay Export Trend to Mainland China 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 1.02M | -37.16% | 56.93% |
| Feb | 3.60M | 251.0% | 304.76% |
| Mar | 3.28M | -8.85% | -5.83% |
| Apr | 1.89M | -42.43% | -2.25% |
| May | 2.14M | 13.52% | -42.26% |
| Jun | 1.45M | -32.41% | -7.09% |
| Jul | 2.19M | 51.48% | 111.21% |
| Aug | 1.84M | -16.3% | 22.95% |
| Sep | 1.06M | -42.32% | -29.66% |
| Oct | 2.90M | 173.54% | 145.29% |
| Nov | 792.78K | -72.63% | -45.59% |
| Dec | 2.91M | 267.59% | 78.72% |
| Total | 25.07M | - | - |
Get Historical Paraguay Mainland China Trade Records
Paraguay-Mainland China Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Mainland China
- Top Commodity: HS Code 44 (Wood and wood products) dominates with 30.77% share.
- Demand Driver: Mainland China uses these for industrial processing, likely in construction or furniture manufacturing.
- Concentration: The top 3 exports (HS 44, 41, 74) account for 72.29%, indicating high reliance on raw materials.
Paraguay Import Profile: What Does Paraguay Buy from Mainland China
- Top Commodity: HS Code 85 (Electrical machinery) leads with 36.84% share.
- Dependency Nature: Critical technology dependency, as machinery and electronics (HS 84, 85) make up 53.87% of imports.
Paraguay - Mainland China Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports raw materials (wood, metals) and imports high-tech goods (machinery, electronics).
- Value Chain Position: Mainland China holds the higher value-add position, supplying advanced manufactured goods while Paraguay provides primary commodities.
Import Analysis by Product: Mainland China to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 2.05B | 36.84% |
| 84 | 948.62M | 17.03% |
| 87 | 320.51M | 5.75% |
| 40 | 295.01M | 5.30% |
| 29 | 242.04M | 4.34% |
| 38 | 229.57M | 4.12% |
| 95 | 192.24M | 3.45% |
| 72 | 166.54M | 2.99% |
| 76 | 124.29M | 2.23% |
| 39 | 104.15M | 1.87% |
Export Analysis by Product: Paraguay to Mainland China (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 44 | 7.71M | 30.77% |
| 41 | 5.43M | 21.68% |
| 74 | 4.97M | 19.84% |
| 76 | 1.95M | 7.77% |
| 12 | 1.21M | 4.84% |
| 78 | 1.05M | 4.18% |
| 15 | 1.02M | 4.05% |
| 33 | 948.42K | 3.78% |
| 52 | 243.24K | 0.97% |
| 85 | 172.95K | 0.69% |
Check Detailed Paraguay-Mainland China Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Mainland China trade relationship is expected to remain volatile in the near term, with Paraguay’s exports facing erratic demand swings while imports of Chinese machinery and electronics stay structurally dominant. Given the persistent trade deficit and heavy reliance on raw material exports, Paraguay’s trade balance will likely remain skewed unless deliberate diversification efforts are made. However, spikes in wood and metal demand from China could create short-term export opportunities, particularly if global supply chain disruptions persist. Traders should brace for continued MoM volatility while monitoring China’s industrial policy shifts for cues on commodity demand.
Strategic Moves
- Diversify Export Markets: Paraguayan exporters must reduce dependence on China by targeting alternative buyers in Southeast Asia or Europe for wood and metal products, mitigating demand volatility.
- Lock in Long-Term Tech Contracts: Importers should secure multi-year agreements with Chinese suppliers for critical machinery (HS 84-85) to hedge against price fluctuations and ensure stable supply.
- Invest in Value-Added Processing: Paraguay should prioritize local processing of raw materials (e.g., wood products, refined metals) to capture higher margins and reduce reliance on low-value commodity exports.
Frequently Asked Questions
How did Paraguay - Mainland China trade perform in 2024 Whole Year?
Paraguay exported $25.07M to Mainland China and imported $5.57B, showing extreme volatility in both directions with no clear growth trend.
What are the top exports from Paraguay to Mainland China?
The top exports are wood and wood products (HS 44), followed by metals (HS 41, 74), accounting for 72.29% of total exports.
What does Paraguay import from Mainland China?
Paraguay primarily imports electrical machinery (HS 85) and other high-tech goods, with machinery and electronics making up 53.87% of imports.
What is the trade balance between Paraguay and Mainland China?
Paraguay has a trade deficit of ~$5.54B, reflecting heavy reliance on Chinese imports and negligible export volume. The structural imbalance persists.
Paraguay - Mainland China Trade 2023 Q4: Deficit-Driven Exchange
Paraguay's Mainland China trade trend reveals a $1.49B deficit, with raw materials for tech imports. Explore top trading products & data on yTrade.
Paraguay - Mainland China Trade 2024 Q1: Deficit & Tech Dependence
Paraguay's Mainland China trade trend reveals a $1.33B deficit, driven by electronics imports (HS 85) and wood exports (HS 44). Explore yTrade data for insights.
