Paraguay - Peru Trade 2025 Q2: Surplus & Volatility

Key Market Takeaways: Paraguay - Peru Trade

The bilateral trade relationship between Paraguay and Peru is marked by growth, volatility, and a strong surplus in Q2 2025.

• Economic Pulse: Paraguay holds a $21.31M trade surplus with Peru ($31.24M exports vs. $9.93M imports), driven by extreme YoY swings in export performance (+171.17% peak in June).
• Exchange Structure: Paraguay - Peru trade statistics reveal a resource-for-resource swap—Paraguay exports agricultural byproducts (50.56% HS 23) while importing mineral fuels (20.10% HS 27) from Peru.
• Strategic Interdependence: The relationship is complementary but low-value, with both sides trading raw materials rather than processed goods.

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

Paraguay-Peru Trade Trend in Q2 2025

Paraguay Export Performance: Shipments to Peru

• Total Volume: $31.24M in Q2 2025.
• Growth Trend & Context:
  • YoY swings were extreme: +118.41% in April, -65.69% in May, and +171.17% in June. No clear trend due to volatility.
• Key Volatility: May saw a -56.52% MoM drop, the sharpest decline, while April had the highest MoM growth (+62.2%).

Paraguay Import Performance: Sourcing from Peru

• Total Volume: $9.93M in Q2 2025.
• Growth Trend & Context:
  • YoY growth was strong in April (+36.7%) and June (+105.96%), but slowed to +6.54% in May.
• Key Volatility: June had the highest MoM increase (+18.62%), while May posted the lowest growth (+6.54% YoY).

Paraguay - Peru Trade Balance & Market Dynamics

• Net Position: Paraguay recorded a trade surplus of $21.31M (Exports $31.24M vs. Imports $9.93M).
• Relationship Status: Paraguay is a net exporter to Peru, with exports over 3x imports. Volatility in both flows suggests uneven demand or supply shocks.

Paraguay Import Trend from Peru 2025 Q2 (Source: yTrade)**

Paraguay Export Trend to Peru 2025 Q2 (Source: yTrade)**

Get Historical Paraguay Peru Trade Records

Paraguay-Peru Top Trading Products in Q2 2025

Paraguay Export Profile: What Does Paraguay Sell to Peru

• Top Commodity: HS Code 23 (Residues and waste from the food industries) dominates with 50.56% share.
• Demand Driver: Peru likely uses these for industrial processing, possibly in animal feed or biofuel production.
• Concentration: Highly concentrated—HS Code 23 alone accounts for over half of exports.

Paraguay Import Profile: What Does Paraguay Buy from Peru

• Top Commodity: HS Code 27 (Mineral fuels, oils) leads at 20.10% share.
• Dependency Nature: Energy security dependency, as Paraguay relies on Peru for fossil fuels.

Paraguay - Peru Trade Relationship Dynamics

• The Exchange Model: Resource-for-Resource Complementarity. Paraguay exports agricultural byproducts (HS 23) and imports energy (HS 27), reflecting a raw material swap.
• Value Chain Position: Both sides trade low-value commodities, with neither holding a clear high-value-add advantage.

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: Volatility with Selective Growth Opportunities

The Paraguay-Peru trade relationship will likely remain volatile in Q3 2025, given erratic YoY swings and uneven demand for key commodities. However, Paraguay’s trade surplus—driven by strong exports of agricultural byproducts (HS 23)—is expected to persist, supported by Peru’s industrial demand for raw materials. Energy imports (HS 27) from Peru may stabilize as Paraguay seeks fuel security, but traders should prepare for price fluctuations. Over the next year, deepening this resource-for-resource exchange could yield steady gains if both sides mitigate supply shocks.

Strategic Moves for Traders & Policymakers

• Lock in Long-Term Contracts for HS 23 Exports: Paraguay’s dominance in agricultural residues demands price stability. Negotiate multi-quarter agreements with Peruvian buyers to hedge against sudden demand drops.
• Diversify Energy Imports Beyond HS 27: Reduce reliance on Peruvian mineral fuels by exploring alternative suppliers in the region to buffer against price volatility.
• Invest in Export Quality Control for HS 23: Peru’s industrial sector will prioritize consistent quality. Paraguayan exporters should certify their byproducts to secure premium pricing and fend off competitors.

Frequently Asked Questions

How did Paraguay - Peru trade perform in 2025 Q2?

Paraguay's exports to Peru totaled $31.24M, with extreme YoY volatility (+118.41% in April, -65.69% in May, +171.17% in June). Imports from Peru reached $9.93M, showing strong but uneven growth.

What are the top exports from Paraguay to Peru?

HS Code 23 (Residues and waste from the food industries) dominated Paraguay's exports to Peru, accounting for 50.56% of total shipments.

What does Paraguay import from Peru?

HS Code 27 (Mineral fuels, oils) was Paraguay's top import from Peru, representing 20.10% of total imports, reflecting energy security dependency.

What is the trade balance between Paraguay and Peru?

Paraguay recorded a trade surplus of $21.31M (exports $31.24M vs. imports $9.93M), maintaining its position as a net exporter to Peru.