Paraguay - Netherlands Trade 2023 Whole Year: Surplus & Volatility
Key Market Takeaways: Paraguay - Netherlands Trade
The bilateral trade relationship between Paraguay and Netherlands is marked by explosive growth and extreme volatility in 2023.
- Trade Surplus Dominates: Paraguay holds a $115.46M surplus, exporting $215.23M (primarily agricultural byproducts) while importing $99.77M (energy and machinery).
- Resource-for-Tech Exchange: Paraguay - Netherlands trade statistics reveal a lopsided structure—76.6% of exports are low-value residues (HS 23, 22), while imports focus on high-value mineral fuels (HS 27) and industrial goods.
- Asymmetric Interdependence: Netherlands leverages Paraguay’s raw materials for processing, while Paraguay depends on Dutch energy and tech—a classic core-periphery dynamic.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Netherlands Trade Trend in Whole Year 2023
Paraguay Export Performance: Shipments to Netherlands
- Total Volume: $215.23M in 2023.
- Growth Trend & Context:
- Explosive YoY growth dominates, with March (+824.17%), July (+819.45%), and October (+498.37%) standing out.
- Volatility is extreme: February to March saw a 277.69% MoM surge, while August collapsed (-81.77% MoM).
- Key Volatility: March ($33.62M) was the peak; August ($5.65M) the trough.
Paraguay Import Performance: Sourcing from Netherlands
- Total Volume: $99.77M in 2023.
- Growth Trend & Context:
- Mixed YoY performance: June (+79.01%) and July (+67.64%) posted strong gains, but February (-71.49%) and August (-18.37%) lagged.
- Key Volatility: June ($13.70M) spiked 295.75% MoM; April ($3.69M) was the weakest month.
Paraguay - Netherlands Trade Balance & Market Dynamics
- Net Position: Trade Surplus of $115.46M (Exports $215.23M > Imports $99.77M).
- Relationship Status: Paraguay is a clear net exporter to the Netherlands, with exports more than double imports. Volatility in both flows suggests uneven trade rhythms, possibly tied to commodity cycles.
Paraguay Import Trend from Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 6.12M | -36.53% | -68.18% |
| Feb | 7.61M | 24.3% | -71.49% |
| Mar | 12.14M | 59.42% | 6.1% |
| Apr | 3.69M | -69.58% | -46.76% |
| May | 3.46M | -6.26% | -23.37% |
| Jun | 13.70M | 295.75% | 79.01% |
| Jul | 10.08M | -26.42% | 67.64% |
| Aug | 8.75M | -13.16% | -18.37% |
| Sep | 9.21M | 5.19% | 6.56% |
| Oct | 6.92M | -24.87% | 3.71% |
| Nov | 7.63M | 10.27% | -7.53% |
| Dec | 10.47M | 37.35% | 8.56% |
| Total | 99.77M | - | - |
Paraguay Export Trend to Netherlands 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 2.28M | -43.47% | -32.02% |
| Feb | 8.90M | 290.54% | 146.55% |
| Mar | 33.62M | 277.69% | 824.17% |
| Apr | 10.78M | -67.93% | 202.42% |
| May | 31.58M | 192.93% | 207.57% |
| Jun | 20.30M | -35.71% | 377.7% |
| Jul | 31.01M | 52.74% | 819.45% |
| Aug | 5.65M | -81.77% | -2.87% |
| Sep | 23.32M | 312.38% | 181.91% |
| Oct | 21.30M | -8.66% | 498.37% |
| Nov | 8.31M | -61.0% | 67.3% |
| Dec | 18.18M | 118.89% | 350.8% |
| Total | 215.23M | - | - |
Get Historical Paraguay Netherlands Trade Records
Paraguay-Netherlands Top Trading Products in Whole Year 2023
Paraguay Export Profile: What Does Paraguay Sell to Netherlands
- Top Commodity: Rank #1 export is HS Code 23 (Residues and waste from the food industries) with 41.05% share.
- Demand Driver: Netherlands likely uses these for industrial processing, possibly in animal feed or biofuel production.
- Concentration: Trade is highly concentrated, with the top two categories (HS 23 and 22) accounting for 76.6% of total exports.
Paraguay Import Profile: What Does Paraguay Buy from Netherlands
- Top Commodity: Rank #1 import is HS Code 27 (Mineral fuels, oils, and distillation products) with 34.46% share.
- Dependency Nature: Reflects energy security dependency, as Paraguay relies on Netherlands for refined petroleum products.
Paraguay - Netherlands Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports low-value agricultural byproducts (HS 23, 22) and imports high-value energy products (HS 27) and machinery (HS 84).
- Value Chain Position: Netherlands holds the higher value-add position, supplying processed energy and manufactured goods, while Paraguay provides raw materials.
Import Analysis by Product: Netherlands to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 34.38M | 34.46% |
| 22 | 25.81M | 25.87% |
| 87 | 11.90M | 11.93% |
| 31 | 4.42M | 4.43% |
| 30 | 4.01M | 4.02% |
| 84 | 4.00M | 4.01% |
| 20 | 2.26M | 2.26% |
| 90 | 1.61M | 1.62% |
| 33 | 1.45M | 1.45% |
| 21 | 1.43M | 1.43% |
Export Analysis by Product: Paraguay to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 23 | 88.35M | 41.05% |
| 22 | 76.52M | 35.55% |
| 12 | 22.79M | 10.59% |
| 02 | 5.93M | 2.76% |
| 35 | 5.01M | 2.33% |
| 20 | 3.08M | 1.43% |
| 44 | 2.30M | 1.07% |
| 72 | 2.07M | 0.96% |
| 05 | 1.89M | 0.88% |
| 17 | 1.69M | 0.78% |
Check Detailed Paraguay-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Netherlands trade relationship is poised for continued expansion in 2024, driven by Paraguay’s strong export performance in agricultural byproducts (HS 23) and the Netherlands’ steady demand for raw materials. However, extreme volatility in monthly trade flows—particularly in exports—suggests potential supply chain disruptions or commodity price swings. The trade surplus will likely persist, but exporters must prepare for sharp fluctuations. Energy imports (HS 27) from the Netherlands remain critical for Paraguay, so any geopolitical or logistical shocks could tighten this dependency.
Strategic Moves
- Lock in Long-Term Contracts: Paraguayan exporters of HS 23 and HS 22 should secure multi-year agreements with Dutch buyers to stabilize revenue amid volatile monthly swings.
- Diversify Energy Suppliers: Paraguay must reduce reliance on Dutch mineral fuels (HS 27) by exploring alternative suppliers or investing in domestic renewable energy capacity.
- Expand Value-Add Exports: Instead of shipping raw agricultural waste, Paraguayan firms should invest in processing capabilities (e.g., pelletizing HS 23 for higher-margin animal feed) to capture more value from the trade relationship.
Frequently Asked Questions
How did Paraguay - Netherlands trade perform in 2023 Whole Year?
Paraguay's exports to the Netherlands surged to $215.23M in 2023, with explosive YoY growth in key months, while imports from the Netherlands totaled $99.77M, showing mixed performance.
What are the top exports from Paraguay to Netherlands?
The top exports are HS Code 23 (Residues and waste from the food industries) and HS Code 22 (Beverages, spirits, and vinegar), accounting for 76.6% of total exports.
What does Paraguay import from Netherlands?
The top import is HS Code 27 (Mineral fuels, oils, and distillation products), representing 34.46% of total imports, reflecting Paraguay's energy security dependency.
What is the trade balance between Paraguay and Netherlands?
Paraguay recorded a trade surplus of $115.46M in 2023, with exports more than double imports, indicating a strong net exporter position.
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