Paraguay - Russia Trade 2024 Whole Year: Surplus & Volatility
Key Market Takeaways: Paraguay - Russia Trade
The bilateral trade relationship between Paraguay and Russia balances growth with extreme volatility in 2024.
- $276M Trade Flow, Surplus for Paraguay: Paraguay holds a $12.77M surplus ($144.40M exports vs. $131.63M imports), but Russian import spikes (e.g., May’s 8050% MoM jump) reveal erratic energy procurement.
- Resource-for-Energy Exchange: Paraguay - Russia trade statistics show 95.73% of exports are agricultural (meat, oils), while 77.59% of imports are Russian mineral fuels—highlighting rigid complementarity.
- Asymmetric Value Chains: Paraguay supplies raw materials; Russia dominates with processed energy/fertilizers, creating a lopsided but interdependent dynamic.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Russia Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Russia
- Total Volume: $144.40M in 2024.
- Growth Trend & Context:
- YoY fluctuations were mixed, with sharp declines in March (-34.15%), July (-48.16%), and August (-86.77%).
- April (+89.36%) and May (+118.1%) saw strong YoY rebounds, but no news context explains these swings.
- Key Volatility: April’s exports surged 180.68% MoM, while June dropped 55.58% MoM.
Paraguay Import Performance: Sourcing from Russia
- Total Volume: $131.63M in 2024.
- Growth Trend & Context:
- Extreme volatility: May’s imports exploded 8050.62% MoM and 5921.99% YoY, likely due to a one-off shipment or data anomaly.
- YoY declines dominated early 2024 (e.g., April: -88.95%), but December surged 394.94% YoY.
- Key Volatility: May’s $28.35M peak contrasts with March’s $294.32K low.
Paraguay - Russia Trade Balance & Market Dynamics
- Net Position: Paraguay holds a $12.77M trade surplus with Russia ($144.40M exports vs. $131.63M imports).
- Relationship Status: Balanced but erratic. Paraguay is a net exporter, though reliance on volatile Russian imports (e.g., May’s spike) suggests opportunistic buying.
Paraguay Import Trend from Russia 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 7.51M | 305.83% | -25.78% |
| Feb | 3.46M | -53.93% | -20.28% |
| Mar | 294.32K | -91.49% | -78.47% |
| Apr | 347.77K | 18.16% | -88.95% |
| May | 28.35M | 8050.62% | 5921.99% |
| Jun | 8.91M | -68.56% | 145.46% |
| Jul | 16.65M | 86.84% | -3.93% |
| Aug | 15.72M | -5.58% | 131.35% |
| Sep | 13.70M | -12.88% | 58.36% |
| Oct | 25.47M | 85.95% | 90.87% |
| Nov | 2.06M | -91.92% | -59.06% |
| Dec | 9.16M | 344.98% | 394.94% |
| Total | 131.63M | - | - |
Paraguay Export Trend to Russia 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 8.93M | -5.63% | -14.98% |
| Feb | 9.92M | 11.06% | 4.03% |
| Mar | 7.01M | -29.31% | -34.15% |
| Apr | 19.68M | 180.68% | 89.36% |
| May | 28.29M | 43.75% | 118.1% |
| Jun | 12.56M | -55.58% | 16.0% |
| Jul | 11.47M | -8.67% | -48.16% |
| Aug | 8.70M | -24.17% | -86.77% |
| Sep | 15.42M | 77.25% | -42.91% |
| Oct | 8.85M | -42.63% | -70.89% |
| Nov | 7.31M | -17.4% | -58.45% |
| Dec | 6.25M | -14.47% | -33.95% |
| Total | 144.40M | - | - |
Get Historical Paraguay Russia Trade Records
Paraguay-Russia Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Russia
- Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) with a 66.40% share.
- Demand Driver: Russia imports these agricultural products to serve its consumer market, likely due to domestic production gaps or cost advantages.
- Concentration: Trade is highly concentrated, with the top two categories (HS 02 and HS 12) accounting for 95.73% of total exports.
Paraguay Import Profile: What Does Paraguay Buy from Russia
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils, and distillation products) with a 77.59% share.
- Dependency Nature: Paraguay relies on Russia for energy security, as mineral fuels dominate imports.
Paraguay - Russia Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports agricultural goods (HS 02, HS 12) in exchange for energy (HS 27) and fertilizers (HS 31) from Russia.
- Value Chain Position: Russia holds the higher value-add position, supplying processed energy and industrial inputs, while Paraguay provides raw agricultural products.
Import Analysis by Product: Russia to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 102.13M | 77.59% |
| 31 | 27.98M | 21.25% |
| 02 | 815.21K | 0.62% |
| 28 | 212.82K | 0.16% |
| 44 | 129.48K | 0.10% |
| 34 | 100.36K | 0.08% |
| 25 | 88.85K | 0.07% |
| 90 | 32.99K | 0.03% |
| 15 | 32.93K | 0.03% |
| 72 | 32.13K | 0.02% |
Export Analysis by Product: Paraguay to Russia (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 02 | 95.88M | 66.40% |
| 12 | 42.36M | 29.33% |
| 05 | 4.53M | 3.14% |
| 15 | 1.47M | 1.02% |
| 04 | 156.40K | 0.11% |
| 23 | 6.11K | 0.00% |
| 25 | 25.00 | 0.00% |
Check Detailed Paraguay-Russia Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay-Russia trade relationship is expected to remain volatile in the near term, driven by erratic demand for Paraguayan agricultural exports and Russia’s unpredictable energy shipments. While Paraguay’s trade surplus is likely to persist, the extreme fluctuations in monthly trade volumes—such as May’s 8050% MoM import spike—suggest underlying instability. Traders should anticipate continued swings in commodity flows, particularly in meat (HS 02) and mineral fuels (HS 27), as both nations navigate geopolitical and logistical uncertainties. Long-term growth hinges on stabilizing these supply chains and reducing dependency on single commodity categories.
Strategic Moves
- Lock in Energy Contracts: Paraguayan importers must secure fixed-price agreements for Russian mineral fuels (HS 27) to mitigate price volatility and ensure stable energy supply.
- Diversify Export Markets: Paraguayan meat exporters should aggressively target alternative markets to reduce overreliance on Russia, especially given the latter’s inconsistent import patterns.
- Monitor Fertilizer Trade Closely: With Russia supplying critical fertilizers (HS 31), Paraguayan agribusinesses should build strategic stockpiles to hedge against sudden supply disruptions.
Frequently Asked Questions
How did Paraguay - Russia trade perform in 2024 Whole Year?
Paraguay exported $144.40M to Russia and imported $131.63M, with mixed growth trends—sharp declines in some months and surges in others.
What are the top exports from Paraguay to Russia?
Meat and edible meat offal (HS 02) dominated, accounting for 66.40% of exports, followed by other agricultural products.
What does Paraguay import from Russia?
Mineral fuels, oils, and distillation products (HS 27) were the top import, making up 77.59% of total imports.
What is the trade balance between Paraguay and Russia?
Paraguay held a $12.77M trade surplus with Russia, driven by higher exports of agricultural goods compared to energy imports.
Paraguay - Russia Trade 2023 Q4: Surplus-Driven Exchange
Paraguay's trade surplus with Russia hit $37.23M in Q4 2023, fueled by meat exports. Explore Paraguay Russia trade trends and top trading products via yTrade data.
Paraguay - Russia Trade 2024 Q1: Surplus Amid Decline
Paraguay's Russia trade trend shows a $14.6M surplus despite sharp declines. Meat dominates Paraguay Russia top trading product, while fuels lead imports. Data via yTrade.
