Paraguay - Peru Trade 2024 Q3: Widening Surplus
Key Market Takeaways: Paraguay - Peru Trade
The bilateral trade relationship between Paraguay and Peru shows a widening surplus for Paraguay amid volatile monthly flows in Q3 2024.
- Economic Pulse: Paraguay posted a $15.92M trade surplus ($24.31M exports vs. $8.39M imports), though both sides saw sharp YoY declines in key months.
- Exchange Structure: Paraguay - Peru trade statistics reveal a resource-for-tech complementarity—Paraguay exports fats/oils (37.5% share) while importing mineral fuels (26.2%) and pharmaceuticals.
- Strategic Interdependence: Peru holds higher value-add leverage, but Paraguay’s commodity exports sustain critical industrial inputs for Peru.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Peru Trade Trend in Q3 2024
Paraguay Export Performance: Shipments to Peru
- Total Volume: $24.31M in Q3 2024.
- Growth Trend & Context: YoY declines persisted (-85.77% in July, -68.97% in August, -29.22% in September), though the rate of contraction eased sequentially. No news context to explain the slump.
- Key Volatility: August saw a 95.77% MoM surge, followed by a 76.14% jump in September, indicating recovering momentum despite negative YoY comparables.
Paraguay Import Performance: Sourcing from Peru
- Total Volume: $8.39M in Q3 2024.
- Growth Trend & Context: Mixed YoY trends—July spiked 127.66%, but August (+12.97%) and September (-21.05%) cooled sharply. No news drivers cited.
- Key Volatility: July’s imports peaked at $3.31M (75.52% MoM growth), then fell 19.42% in August.
Paraguay - Peru Trade Balance & Market Dynamics
- Net Position: $15.92M surplus for Paraguay (Exports $24.31M > Imports $8.39M).
- Relationship Status: Paraguay maintains a strong net exporter position, though both sides show volatile monthly flows. The widening surplus suggests rising export competitiveness or weaker domestic demand for Peruvian goods.
Paraguay Import Trend from Peru 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 3.31M | 75.52% | 127.66% |
| Aug | 2.67M | -19.42% | 12.97% |
| Sep | 2.41M | -9.82% | -21.05% |
| Total | 8.39M | - | - |
Paraguay Export Trend to Peru 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 3.79M | 28.18% | -85.77% |
| Aug | 7.43M | 95.77% | -68.97% |
| Sep | 13.09M | 76.14% | -29.22% |
| Total | 24.31M | - | - |
Get Historical Paraguay Peru Trade Records
Paraguay-Peru Top Trading Products in Q3 2024
Paraguay Export Profile: What Does Paraguay Sell to Peru
- Top Commodity: HS Code 15 (Animal/vegetable fats and oils) dominates with 37.47% share.
- Demand Driver: Peru likely uses these fats/oils for industrial processing in food or chemical sectors.
- Concentration: The trade is highly concentrated, with the top 3 exports (HS 15, 23, 30) accounting for 69.19% of total exports.
Paraguay Import Profile: What Does Paraguay Buy from Peru
- Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 26.18% share.
- Dependency Nature: Energy security dependency, as mineral fuels are critical for Paraguay’s industrial and transportation needs.
Paraguay - Peru Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports raw materials (fats/oils, animal feed) while importing energy and manufactured goods (pharmaceuticals, plastics).
- Value Chain Position: Peru holds a higher value-add position, exporting processed goods (HS 30, 28) versus Paraguay’s commodity-heavy exports.
Import Analysis by Product: Peru to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 2.20M | 26.18% |
| 61 | 1.09M | 13.03% |
| 25 | 868.57K | 10.35% |
| 28 | 553.90K | 6.60% |
| 30 | 498.63K | 5.94% |
| 96 | 484.56K | 5.78% |
| 60 | 426.42K | 5.08% |
| 39 | 376.13K | 4.48% |
| 19 | 357.48K | 4.26% |
| 12 | 329.04K | 3.92% |
Export Analysis by Product: Paraguay to Peru (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 15 | 9.11M | 37.47% |
| 23 | 4.56M | 18.77% |
| 30 | 3.15M | 12.95% |
| 10 | 2.01M | 8.29% |
| 48 | 1.25M | 5.13% |
| 05 | 1.06M | 4.35% |
| 12 | 917.59K | 3.77% |
| 35 | 613.57K | 2.52% |
| 02 | 494.54K | 2.03% |
| 64 | 305.79K | 1.26% |
Check Detailed Paraguay-Peru Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade surplus with Peru is likely to stabilize in Q4 2024, though export growth will remain subdued due to persistent YoY declines. The easing contraction in September suggests a potential floor, but volatility in mineral fuel imports from Peru could disrupt cost structures for Paraguayan industries. With Peru holding a higher value-add position, Paraguay must prioritize upgrading its export mix beyond raw materials to sustain long-term trade resilience.
Strategic Moves
- Diversify Export Basket: Paraguayan exporters should reduce reliance on HS 15 (fats/oils) by expanding into secondary commodities like processed foods or biofuels to mitigate demand shocks.
- Lock in Energy Supply Contracts: Given Peru’s dominance in mineral fuels (HS 27), Paraguayan importers should negotiate long-term pricing agreements to hedge against volatile energy costs.
- Invest in Value-Added Processing: To counter Peru’s tech-driven exports, Paraguay’s agribusiness sector must adopt advanced processing for animal feed (HS 23) and pharmaceuticals (HS 30) to capture higher margins.
Frequently Asked Questions
How did Paraguay - Peru trade perform in 2024 Q3?
Paraguay's exports to Peru totaled $24.31M in Q3 2024, with persistent YoY declines but easing contraction. Imports from Peru were $8.39M, showing mixed YoY trends.
What are the top exports from Paraguay to Peru?
The top exports are Animal/vegetable fats and oils (HS 15), followed by animal feed (HS 23) and pharmaceuticals (HS 30), accounting for 69.19% of total exports.
What does Paraguay import from Peru?
Paraguay primarily imports Mineral fuels and oils (HS 27) from Peru, which are critical for energy security, alongside pharmaceuticals (HS 30) and plastics.
What is the trade balance between Paraguay and Peru?
Paraguay recorded a $15.92M trade surplus with Peru in Q3 2024, driven by higher exports and volatile import trends. The surplus suggests rising export competitiveness.
Paraguay - Peru Trade 2024 Q2: Volatile Surplus Collapse
Paraguay's trade surplus with Peru plunged 74% YoY in Q2 2024, driven by agricultural waste exports. Explore Paraguay Peru trade trends & top trading products via yTrade data.
Paraguay - Peru Trade 2025 Q2: Surplus & Volatility
Paraguay's trade surplus with Peru hit $21.31M in Q2 2025, fueled by agricultural exports. Explore Paraguay Peru trade trends and top trading products via yTrade data.
