Paraguay - Mainland China Trade 2024 Q4: Deficit-Driven Exchange
Key Market Takeaways: Paraguay - Mainland China Trade
The bilateral trade relationship between Paraguay and Mainland China is heavily import-dependent, with volatile growth in Q4 2024.
- Deficit-Driven Trade: Paraguay ran a $1.50B trade deficit, with imports ($1.51B) dwarfing exports ($6.60M) by 229x. YoY export growth was erratic (+78.72% in December), while imports showed mixed trends (-5.3% to +10.02%).
- Resource-for-Tech Exchange: Paraguay’s exports to China are highly concentrated (78.53% in raw hides, copper, and aluminum), while imports are dominated by electrical machinery and electronics (50.55% of total). This reflects a classic raw-materials-for-manufactured-goods dynamic in bilateral trade data.
- Asymmetric Interdependence: China holds the higher value-add position, with Paraguay serving as a supplier of industrial inputs rather than a balanced partner.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Mainland China Trade Trend in Q4 2024
Paraguay Export Performance: Shipments to Mainland China
- Total Volume: Exports totaled $6.60M in Q4 2024.
- Growth Trend & Context:
- YoY growth was highly volatile, with +145.29% in October and -45.59% in November, ending at +78.72% in December.
- No specific trade news or policy changes were reported to explain these swings.
- Key Volatility: December saw a 267.59% MoM surge, while November recorded a -72.63% MoM drop.
Paraguay Import Performance: Sourcing from Mainland China
- Total Volume: Imports reached $1.51B in Q4 2024.
- Growth Trend & Context:
- YoY trends were mixed: -0.26% in October, +10.02% in November, and -5.3% in December.
- Key Volatility: October had the highest MoM growth (+16.23%), while November dipped slightly (-0.4%).
Paraguay - Mainland China Trade Balance & Market Dynamics
- Net Position: Paraguay ran a trade deficit of ~$1.50B (Imports: $1.51B vs. Exports: $6.60M).
- Relationship Status: Heavily import-dependent, with imports from China dwarfing exports by a factor of ~229x.
Paraguay Import Trend from Mainland China 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 496.23M | 16.23% | -0.26% |
| Nov | 494.23M | -0.4% | 10.02% |
| Dec | 515.88M | 4.38% | -5.3% |
| Total | 1.51B | - | - |
Paraguay Export Trend to Mainland China 2024 Q4 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Oct | 2.90M | 173.54% | 145.29% |
| Nov | 792.78K | -72.63% | -45.59% |
| Dec | 2.91M | 267.59% | 78.72% |
| Total | 6.60M | - | - |
Get Historical Paraguay Mainland China Trade Records
Paraguay-Mainland China Top Trading Products in Q4 2024
Paraguay Export Profile: What Does Paraguay Sell to Mainland China
- Top Commodity: HS Code 41 (Raw hides and skins) dominates with 36.70% share.
- Demand Driver: Mainland China uses these for industrial processing, likely in leather goods manufacturing.
- Concentration: The top 3 exports (HS 41, 74, 76) account for 78.53% of total exports, indicating high trade concentration.
Paraguay Import Profile: What Does Paraguay Buy from Mainland China
- Top Commodity: HS Code 85 (Electrical machinery) leads with 31.81% share.
- Dependency Nature: Critical technology dependency, as machinery and electronics (HS 84, 85) make up 50.55% of imports.
Paraguay - Mainland China Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports raw materials (hides, copper, aluminum) while importing high-value machinery and electronics.
- Value Chain Position: Mainland China holds the higher value-add position, supplying finished industrial goods versus Paraguay’s raw material exports.
Import Analysis by Product: Mainland China to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 85 | 479.18M | 31.81% |
| 84 | 282.25M | 18.74% |
| 87 | 110.15M | 7.31% |
| 40 | 81.38M | 5.40% |
| 38 | 60.09M | 3.99% |
| 95 | 53.50M | 3.55% |
| 31 | 48.94M | 3.25% |
| 72 | 42.76M | 2.84% |
| 76 | 35.86M | 2.38% |
| 29 | 34.33M | 2.28% |
Export Analysis by Product: Paraguay to Mainland China (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 41 | 2.42M | 36.70% |
| 74 | 1.83M | 27.74% |
| 76 | 930.81K | 14.09% |
| 44 | 629.42K | 9.53% |
| 15 | 303.97K | 4.60% |
| 33 | 296.37K | 4.49% |
| 85 | 76.04K | 1.15% |
| 17 | 47.30K | 0.72% |
| 84 | 39.32K | 0.60% |
| 65 | 24.42K | 0.37% |
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, driven by Paraguay’s heavy reliance on Chinese tech imports and fluctuating demand for its raw material exports. While the 267.59% MoM surge in December exports signals potential short-term opportunities, the -72.63% MoM drop in November highlights underlying instability. Given China’s dominance in high-value industrial goods and Paraguay’s concentrated export profile, traders should brace for price swings in raw hides (HS 41) and metals (HS 74, 76). The $1.50B trade deficit will likely persist unless Paraguay diversifies its export basket or secures more favorable terms for its commodities.
Strategic Moves
- Lock in Long-Term Supply Contracts: Paraguayan exporters of raw hides and metals should negotiate multi-year agreements with Chinese buyers to stabilize revenue streams amid volatile demand.
- Diversify Import Sources: Paraguayan importers of machinery (HS 84, 85) must explore alternative suppliers in Southeast Asia or Eastern Europe to reduce overreliance on China and mitigate supply chain risks.
- Invest in Value-Added Processing: Paraguay should prioritize local processing of raw hides and metals to capture higher margins before export, reducing its dependence on low-value commodity shipments.
Frequently Asked Questions
How did Paraguay - Mainland China trade perform in 2024 Q4?
Paraguay exported $6.60M to Mainland China with volatile YoY growth, while imports reached $1.51B, showing mixed trends.
What are the top exports from Paraguay to Mainland China?
Raw hides and skins (HS 41), copper (HS 74), and aluminum (HS 76) dominate, accounting for 78.53% of total exports.
What does Paraguay import from Mainland China?
Electrical machinery (HS 85) leads, with machinery and electronics (HS 84, 85) making up 50.55% of imports.
What is the trade balance between Paraguay and Mainland China?
Paraguay ran a trade deficit of ~$1.50B, as imports from China dwarfed exports by 229x.
Paraguay - Mainland China Trade 2024 Q2: Deficit-Driven Exchange
Paraguay's Mainland China trade trend shows a $1.35B deficit, with raw materials like wood and copper dominating exports while China supplies machinery. Data via yTrade.
Paraguay - Mainland China Trade 2025 Q1: Deep Deficit, Volatile Growth
Paraguay's trade deficit with Mainland China hit $1.6B in Q1 2025, driven by raw material exports and tech imports. Explore Paraguay Mainland China trade trends and top trading products via yTrade data.
