Paraguay - Netherlands Trade 2024 Q2: Volatile Deficit
Key Market Takeaways: Paraguay - Netherlands Trade
The bilateral trade relationship between Paraguay and Netherlands shows high volatility with a slight trade deficit in Q2 2024.
- Economic Pulse: Paraguay recorded a €2.33M trade deficit (€35.91M imports > €33.58M exports), marked by extreme monthly swings—May imports surged +496.29% YoY, while June exports dropped -33.55%.
- Exchange Structure: Paraguay - Netherlands trade statistics reveal a resource-for-tech complementarity: beverages (64% of exports) flow to Dutch consumers, while Paraguay depends on Dutch mineral fuels (55% of imports) for energy needs.
- Strategic Interdependence: The partnership is lopsided—Netherlands supplies high-value inputs (fuels, machinery), while Paraguay exports raw or lightly processed goods, highlighting an asymmetric dependency.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Netherlands Trade Trend in Q2 2024
Paraguay Export Performance: Shipments to Netherlands
- Total Volume: €33.58M in Q2 2024.
- Growth Trend & Context:
- Volatile YoY performance: April saw +47.83% growth, but May and June dropped sharply (-86.86% and -33.55%, respectively).
- Key Volatility: May exports collapsed (-73.97% MoM), while June rebounded (+225.22% MoM).
Paraguay Import Performance: Sourcing from Netherlands
- Total Volume: €35.91M in Q2 2024.
- Growth Trend & Context:
- Extreme YoY swings: May surged +496.29%, but June plunged -67.17%.
- Key Volatility: May imports peaked (€20.64M, +91.47% MoM), while June fell sharply (-78.21% MoM).
Paraguay - Netherlands Trade Balance & Market Dynamics
- Net Position: €2.33M trade deficit (Imports €35.91M > Exports €33.58M).
- Relationship Status: Paraguay remains a minor net importer from the Netherlands, with high volatility in both directions.
Paraguay Import Trend from Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 10.78M | 82.67% | 191.93% |
| May | 20.64M | 91.47% | 496.29% |
| Jun | 4.50M | -78.21% | -67.17% |
| Total | 35.91M | - | - |
Paraguay Export Trend to Netherlands 2024 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 15.94M | -10.4% | 47.83% |
| May | 4.15M | -73.97% | -86.86% |
| Jun | 13.49M | 225.22% | -33.55% |
| Total | 33.58M | - | - |
Get Historical Paraguay Netherlands Trade Records
Paraguay-Netherlands Top Trading Products in Q2 2024
Paraguay Export Profile: What Does Paraguay Sell to Netherlands
- Top Commodity: Rank #1 export is HS Code 22 (Beverages, spirits, and vinegar) with 64.06% share.
- Demand Driver: Netherlands likely imports these for consumer market distribution, given the dominance of finished goods.
- Concentration: Trade is highly concentrated, with HS Code 22 alone accounting for over 60% of exports.
Paraguay Import Profile: What Does Paraguay Buy from Netherlands
- Top Commodity: Rank #1 import is HS Code 27 (Mineral fuels, oils) with 55.37% 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 consumer-ready goods (beverages) and agricultural products, while importing energy and machinery from Netherlands.
- Value Chain Position: Netherlands holds the higher value-add position, supplying critical inputs (fuels, machinery) versus Paraguay’s raw or lightly processed exports.
Import Analysis by Product: Netherlands to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 19.88M | 55.37% |
| 87 | 5.65M | 15.75% |
| 22 | 2.68M | 7.46% |
| 30 | 1.85M | 5.16% |
| 84 | 1.63M | 4.54% |
| 85 | 925.65K | 2.58% |
| 21 | 679.49K | 1.89% |
| 90 | 305.88K | 0.85% |
| 23 | 253.38K | 0.71% |
| 33 | 231.76K | 0.65% |
Export Analysis by Product: Paraguay to Netherlands (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 22 | 21.51M | 64.06% |
| 23 | 2.67M | 7.96% |
| 12 | 2.52M | 7.50% |
| 02 | 1.76M | 5.23% |
| 44 | 954.43K | 2.84% |
| 76 | 904.41K | 2.69% |
| 20 | 733.07K | 2.18% |
| 35 | 517.48K | 1.54% |
| 72 | 495.84K | 1.48% |
| 05 | 406.05K | 1.21% |
Check Detailed Paraguay-Netherlands Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Netherlands trade relationship is expected to remain volatile in Q3 2024, driven by erratic demand for Paraguay’s beverage exports and fluctuating energy imports from the Netherlands. The sharp swings in monthly trade volumes suggest underlying instability, likely tied to supply chain disruptions or shifting Dutch consumer preferences. However, the complementary nature of the exchange—Paraguay’s consumer goods for the Netherlands’ energy and machinery—provides a foundation for recovery if both sides stabilize pricing and logistics. Traders should brace for continued turbulence but prepare for opportunistic rebounds in high-demand sectors like beverages (HS Code 22) and mineral fuels (HS Code 27).
Strategic Moves
- Diversify Export Markets: Paraguay’s overreliance on beverages (64% of exports) leaves it vulnerable to Dutch demand shocks. Exporters must aggressively target alternative EU markets to mitigate concentration risk.
- Lock in Energy Contracts: Given Paraguay’s dependence on Dutch mineral fuels (55% of imports), importers should negotiate long-term supply agreements to hedge against price volatility and ensure stable energy inflows.
- Invest in Value-Add Processing: Paraguay must upgrade its export profile by processing raw materials (e.g., distilling higher-value spirits) to capture more margin and reduce susceptibility to commodity price swings.
Frequently Asked Questions
How did Paraguay - Netherlands trade perform in 2024 Q2?
Paraguay's exports to the Netherlands totaled €33.58M, with volatile YoY growth, while imports reached €35.91M, showing extreme swings. The trade balance was a €2.33M deficit for Paraguay.
What are the top exports from Paraguay to Netherlands?
The top export was HS Code 22 (Beverages, spirits, and vinegar), accounting for 64.06% of Paraguay's shipments to the Netherlands.
What does Paraguay import from Netherlands?
The top import was HS Code 27 (Mineral fuels, oils), making up 55.37% of Paraguay's purchases from the Netherlands.
What is the trade balance between Paraguay and Netherlands?
Paraguay recorded a €2.33M trade deficit with the Netherlands in Q2 2024, remaining a minor net importer amid high volatility.
Paraguay - Netherlands Trade 2024 Whole Year: Surplus & Volatility
Paraguay's Netherlands trade trend shows a $53.63M surplus with volatile flows. Top trading products: beverages (39.38%) and mineral fuels (40.10%). Data via yTrade.
Paraguay - Netherlands Trade 2024 Q4: Beverage-Driven Surplus
Paraguay's Netherlands trade trend shows a €31.47M surplus, driven by beverage exports. Discover Paraguay Netherlands top trading product insights via yTrade data.
