Paraguay - Peru Trade 2024 Q2: Volatile Surplus Collapse

Key Market Takeaways: Paraguay - Peru Trade

The bilateral trade relationship between Paraguay and Peru is marked by sharp volatility and a structural downturn in Q2 2024.

• Economic Pulse: Paraguay holds a $23.88M trade surplus (exports $30.87M, imports $6.99M), but exports collapsed YoY (-74.41% in April, -81.16% in June), signaling severe demand or supply shocks.
• Exchange Structure: Paraguay - Peru trade statistics reveal a resource-for-resource imbalance—Paraguay exports low-value agricultural waste (HS 23, 55.81% share) while importing critical mineral fuels (HS 27, 18.83%) from Peru.
• Strategic Interdependence: The partnership is highly asymmetric, with Peru holding value-chain leverage as Paraguay relies on raw material exports.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Paraguay-Peru Trade Trend in Q2 2024

Paraguay Export Performance: Shipments to Peru

• Total Volume: $30.87M in Q2 2024.
• Growth Trend & Context:
  • YoY declines dominated (-74.41% in Apr, -81.16% in Jun), signaling a structural downturn.
  • May’s -13.88% YoY was the least severe contraction.
• Key Volatility: May saw a 176.76% MoM surge, but June collapsed (-85.56% MoM).

Paraguay Import Performance: Sourcing from Peru

• Total Volume: $6.99M in Q2 2024.
• Growth Trend & Context:
  • Mixed YoY performance: May spiked (+41.92%), but April and June were flat to slightly positive.
• Key Volatility: May’s imports jumped 51.9% MoM, while June dropped -38.64%.

Paraguay - Peru Trade Balance & Market Dynamics

• Net Position: $23.88M trade surplus for Paraguay (Exports $30.87M vs. Imports $6.99M).
• Relationship Status: Paraguay is a dominant net exporter to Peru, with exports 4.4x imports. Volatility in both directions suggests uneven demand or supply shocks.

Paraguay Import Trend from Peru 2024 Q2 (Source: yTrade)**

Paraguay Export Trend to Peru 2024 Q2 (Source: yTrade)**

Get Historical Paraguay Peru Trade Records

Paraguay-Peru Top Trading Products in Q2 2024

Paraguay Export Profile: What Does Paraguay Sell to Peru

• Top Commodity: HS Code 23 (Food industry residues and waste) dominates with 55.81% share.
• Demand Driver: Peru likely uses these for animal feed or industrial processing, given the commodity's low-value nature.
• Concentration: Extreme concentration—HS Code 23 accounts for over half of exports, indicating high reliance on a single category.

Paraguay Import Profile: What Does Paraguay Buy from Peru

• Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 18.83% share.
• Dependency Nature: Energy security dependency, as Peru supplies critical fuel products.

Paraguay - Peru Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Complementarity. Paraguay exports low-value agricultural byproducts (HS 23) and imports higher-value energy products (HS 27).
• Value Chain Position: Peru holds the advantage, supplying processed energy goods while receiving raw agricultural waste. Paraguay’s export basket suggests limited value-add capabilities.

Import Analysis by Product: Peru to Paraguay (Source: yTrade)

Export Analysis by Product: Paraguay to Peru (Source: yTrade)

Check Detailed Paraguay-Peru Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Peru trade relationship faces near-term turbulence, with Paraguay’s export collapse (-74.41% YoY in April) and erratic monthly swings signaling demand erosion for its key commodity (HS 23). Peru’s uneven import appetite—May’s 41.92% YoY spike followed by flatlined growth—suggests supply chain disruptions or pricing pressures. Given Paraguay’s overreliance on low-value agricultural waste exports and Peru’s strategic energy shipments (HS 27), the trade surplus is vulnerable to commodity price shocks. Expect Q3 2024 volumes to remain volatile unless structural diversification occurs.

Strategic Moves

• Diversify Export Basket: Paraguayan exporters must reduce dependence on HS 23 by upgrading agricultural byproducts into higher-margin feed additives or biofuels, targeting Peru’s agro-industrial sector.
• Lock In Energy Contracts: Paraguay should negotiate long-term fuel supply agreements with Peru to stabilize import costs, leveraging its trade surplus as bargaining power.
• Monitor Logistics Costs: Traders must audit shipping routes for HS 27 imports (mineral fuels) and HS 23 exports, as May’s 176.76% MoM export surge hints at inefficient capacity planning.

Frequently Asked Questions

How did Paraguay - Peru trade perform in 2024 Q2?

Paraguay exported $30.87M to Peru but faced significant YoY declines (-74.41% in April, -81.16% in June). Imports from Peru totaled $6.99M, with mixed YoY growth.

What are the top exports from Paraguay to Peru?

HS Code 23 (Food industry residues and waste) dominated, accounting for 55.81% of Paraguay’s exports to Peru.

What does Paraguay import from Peru?

HS Code 27 (Mineral fuels and oils) was the top import, representing 18.83% of Paraguay’s purchases from Peru.

What is the trade balance between Paraguay and Peru?

Paraguay recorded a $23.88M trade surplus, with exports 4.4x higher than imports, though volatility suggests uneven demand.