Paraguay - Russia Trade 2025 Q2: Surplus & Volatility

Key Market Takeaways: Paraguay - Russia Trade

The bilateral trade relationship between Paraguay and Russia reflects growth and volatility in Q2 2025, with Paraguay maintaining a strong net exporter position.

• Economic Pulse: Paraguay holds a $37.68M trade surplus ($58.54M exports vs. $20.86M imports), though both flows show erratic monthly swings—June exports surged 63.88% YoY while imports plummeted 66.25% in May.
• Exchange Structure: Paraguay - Russia trade statistics reveal a resource-for-tech complementarity—Paraguay ships oil seeds (57.34% of exports) and meat, while Russia supplies critical fertilizers (93.91% of imports).
• Strategic Interdependence: The relationship is tightly linked to agricultural supply chains, with Russia providing high-value inputs and Paraguay exporting raw commodities.

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

Paraguay-Russia Trade Trend in Q2 2025

Paraguay Export Performance: Shipments to Russia

• Total Volume: $58.54M in Q2 2025.
• Growth Trend & Context:
  • Mixed YoY performance: April (-14.78%) and May (-25.13%) saw declines, but June rebounded sharply (+63.88%).
  • No specific trade news to explain volatility.
• Key Volatility: May had the highest export value ($21.18M) and a 26.29% MoM surge, while June saw a slight dip (-2.78% MoM).

Paraguay Import Performance: Sourcing from Russia

• Total Volume: $20.86M in Q2 2025.
• Growth Trend & Context:
  • Extreme YoY swings: April (+611.61%) and May (-66.25%) reflected erratic demand or supply adjustments.
  • No relevant news to contextualize fluctuations.
• Key Volatility: May recorded a 286.54% MoM spike ($9.57M), while April had the steepest MoM drop (-29.8%).

Paraguay - Russia Trade Balance & Market Dynamics

• Net Position: Paraguay holds a trade surplus of $37.68M (Exports $58.54M > Imports $20.86M).
• Relationship Status: Strong net exporter role, with exports nearly triple imports. Volatility in imports suggests uneven dependency or inventory adjustments.

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

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

Get Historical Paraguay Russia Trade Records

Paraguay-Russia Top Trading Products in Q2 2025

Paraguay Export Profile: What Does Paraguay Sell to Russia

• Top Commodity: HS Code 12 (Oil seeds and oleaginous fruits) dominates with 57.34% share.
• Demand Driver: Russia likely imports these for industrial processing, possibly for oil extraction or animal feed.
• Concentration: Trade is highly concentrated, with the top two commodities (HS 12 and 02) accounting for 97.35% of exports.

Paraguay Import Profile: What Does Paraguay Buy from Russia

• Top Commodity: HS Code 31 (Fertilizers) leads with 93.91% share.
• Dependency Nature: Reflects a critical agricultural input dependency, as fertilizers are essential for Paraguay's farming sector.

Paraguay - Russia Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports agricultural raw materials (oil seeds, meat) while importing fertilizers, indicating a classic agricultural supply chain link.
• Value Chain Position: Russia holds the higher value-add position, supplying processed inputs (fertilizers) while Paraguay provides raw commodities.

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

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

Check Detailed Paraguay-Russia Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Russia trade relationship is poised for moderate growth in Q3 2025, driven by sustained demand for Paraguayan oil seeds (HS 12) and Russia’s critical fertilizer exports (HS 31). However, volatility in monthly trade flows—particularly in imports—suggests potential supply chain disruptions or inventory adjustments. Traders should anticipate asymmetric growth: exports may stabilize near Q2 levels, while imports could rebound sharply if Russian fertilizer shipments normalize. The trade surplus will likely persist, reinforcing Paraguay’s position as a net exporter.

Strategic Moves

• Lock in Fertilizer Supply Contracts: Paraguayan agribusinesses must secure long-term agreements with Russian suppliers to mitigate price swings and ensure stable input costs for the farming sector.
• Diversify Export Markets for Oil Seeds: Reduce reliance on Russian demand by targeting alternative buyers in Asia or the EU, hedging against sudden import pullbacks.
• Monitor Russian Sanctions & Logistics: Stay alert to geopolitical shifts that could disrupt fertilizer shipments, and explore backup suppliers (e.g., Belarus or Morocco) to avoid production bottlenecks.

Frequently Asked Questions

How did Paraguay - Russia trade perform in 2025 Q2?

Paraguay exported $58.54M to Russia and imported $20.86M, with mixed YoY growth: declines in April-May but a sharp rebound in June.

What are the top exports from Paraguay to Russia?

Oil seeds and oleaginous fruits (HS Code 12) dominate, accounting for 57.34% of exports, followed by meat (HS Code 02).

What does Paraguay import from Russia?

Fertilizers (HS Code 31) are the top import, representing 93.91% of Paraguay's purchases from Russia.

What is the trade balance between Paraguay and Russia?

Paraguay holds a trade surplus of $37.68M, with exports nearly triple imports, reflecting a strong net exporter role.