Paraguay - Singapore Trade 2025 Q1: Deficit & Energy Dependence
Key Market Takeaways: Paraguay - Singapore Trade
The bilateral trade relationship between Paraguay and Singapore is marked by heavy import reliance and volatile growth in Q1 2025.
- Deficit-Driven Trade: Paraguay ran a $113.86M trade deficit (Imports: $114.86M vs. Exports: $1.00M), with imports dwarfing exports.
- Resource-for-Energy Exchange: Paraguay - Singapore trade statistics show a lopsided dynamic: meat exports (44.46% share) for mineral fuels (93.50% of imports).
- Asymmetric Interdependence: Singapore holds the strategic edge, supplying critical energy inputs while Paraguay’s agricultural exports remain marginal.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Singapore Trade Trend in Q1 2025
Paraguay Export Performance: Shipments to Singapore
- Total Volume: $1.00M in Q1 2025.
- Growth Trend & Context:
- YoY growth was mixed, with January (+94.81%) and March (+36.88%) showing strong gains, while February (-83.32%) saw a sharp decline.
- No specific trade news or policies were reported to explain these fluctuations.
- Key Volatility: February’s exports dropped 12.5% MoM, while March rebounded slightly (+3.77%).
Paraguay Import Performance: Sourcing from Singapore
- Total Volume: $114.86M in Q1 2025.
- Growth Trend & Context:
- YoY growth was volatile, with January (+81.09%) and March (+51.86%) surging, but February (+13.11%) slowed sharply.
- No external factors were cited to explain the trends.
- Key Volatility: Imports fell steeply MoM in February (-33.18%) and March (-30.51%), with January also down (-3.49%).
Paraguay - Singapore Trade Balance & Market Dynamics
- Net Position: Paraguay ran a trade deficit of $113.86M (Imports: $114.86M > Exports: $1.00M).
- Relationship Status: Heavy reliance on imports from Singapore, with exports negligible by comparison.
Paraguay Import Trend from Singapore 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 53.86M | -3.49% | 81.09% |
| Feb | 35.99M | -33.18% | 13.11% |
| Mar | 25.01M | -30.51% | 51.86% |
| Total | 114.86M | - | - |
Paraguay Export Trend to Singapore 2025 Q1 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 360.03K | -52.86% | 94.81% |
| Feb | 315.04K | -12.5% | -83.32% |
| Mar | 326.92K | 3.77% | 36.88% |
| Total | 1.00M | - | - |
Get Historical Paraguay Singapore Trade Records
Paraguay-Singapore Top Trading Products in Q1 2025
Paraguay Export Profile: What Does Paraguay Sell to Singapore
- Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) with a 44.46% share.
- Demand Driver: Singapore likely imports these for its consumer market, given the high share of meat products.
- Concentration: Trade is highly concentrated, with the top two categories (HS 02 and HS 33) accounting for 85.14% of exports.
Paraguay Import Profile: What Does Paraguay Buy from Singapore
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils, and distillation products) with a 93.50% share.
- Dependency Nature: This suggests a critical energy security dependency, as mineral fuels dominate imports.
Paraguay - Singapore Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity. Paraguay exports agricultural products (meat) and imports energy resources (mineral fuels), indicating a classic resource-for-energy trade dynamic.
- Value Chain Position: Singapore holds the higher value-add position, supplying processed energy products, while Paraguay exports raw agricultural goods.
Import Analysis by Product: Singapore to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 107.39M | 93.50% |
| 84 | 6.37M | 5.55% |
| 85 | 384.28K | 0.33% |
| 90 | 277.53K | 0.24% |
| 29 | 177.94K | 0.15% |
| 38 | 84.87K | 0.07% |
| 21 | 65.20K | 0.06% |
| 39 | 38.82K | 0.03% |
| 86 | 37.33K | 0.03% |
| 40 | 9.82K | 0.01% |
Export Analysis by Product: Paraguay to Singapore (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 02 | 445.51K | 44.46% |
| 33 | 407.56K | 40.68% |
| 26 | 84.81K | 8.46% |
| 85 | 39.46K | 3.94% |
| 12 | 24.64K | 2.46% |
Check Detailed Paraguay-Singapore Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade with Singapore is expected to remain volatile in the near term, driven by fluctuating demand for mineral fuels (HS 27) and agricultural exports (HS 02). The persistent trade deficit highlights Paraguay’s reliance on Singapore for energy, a trend likely to continue unless export diversification accelerates. While meat exports show growth potential, traders should brace for uneven performance due to the lack of stabilizing trade policies. Long-term, deeper integration in high-value agri-processing could rebalance the relationship.
Strategic Moves
- Diversify Export Markets: Paraguay must expand beyond meat (HS 02) by promoting secondary commodities like essential oils (HS 33) to reduce reliance on a single buyer.
- Lock in Energy Supply Contracts: Importers should negotiate long-term agreements for mineral fuels (HS 27) to mitigate price volatility and ensure stable energy inflows.
- Invest in Agri-Processing: To move up the value chain, Paraguay should attract Singaporean investment in meat and edible offal processing, transforming raw exports into higher-margin goods.
Frequently Asked Questions
How did Paraguay - Singapore trade perform in 2025 Q1?
Paraguay's exports to Singapore totaled $1.00M, with mixed YoY growth, while imports surged to $114.86M, resulting in a trade deficit of $113.86M.
What are the top exports from Paraguay to Singapore?
The top exports are HS 02 (Meat and edible meat offal) and HS 33 (Essential oils and resinoids), accounting for 85.14% of total exports.
What does Paraguay import from Singapore?
Paraguay primarily imports HS 27 (Mineral fuels, oils, and distillation products), making up 93.50% of total imports from Singapore.
What is the trade balance between Paraguay and Singapore?
Paraguay recorded a trade deficit of $113.86M with Singapore in Q1 2025, driven by heavy reliance on energy imports.
Paraguay - Singapore Trade 2024 Q4: Deficit & Energy Dependence
Paraguay's Singapore trade trend reveals a $116.45M deficit, driven by energy imports. Top trading product: mineral fuels dominate 92.08% of imports. Data via yTrade.
Paraguay - Singapore Trade 2025 Q2: Deficit & Dependency
Paraguay's trade deficit with Singapore hit $86.42M in Q2 2025, driven by a 46.73% export drop. Explore Paraguay Singapore trade trends and top trading products like meat and fuel via yTrade data.
