Paraguay - Singapore Trade 2025 Q2: Deficit & Dependency

Key Market Takeaways: Paraguay - Singapore Trade

The bilateral trade relationship between Paraguay and Singapore is marked by a severe export collapse and lopsided dependency in Q2 2025.

• Deficit-Driven Trade: Paraguay’s $86.42M trade deficit reflects heavy reliance on Singaporean imports ($86.91M), while exports ($0.49M) plummeted -46.73% YoY.
• Resource-for-Energy Exchange: Paraguay - Singapore trade statistics show a stark split: 47.89% meat exports (HS 02) vs. 93.23% fuel imports (HS 27), highlighting raw-for-processed trade.
• Asymmetric Interdependence: Singapore holds strategic leverage as Paraguay’s critical energy supplier, while agricultural exports face volatile demand.

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

Paraguay-Singapore Trade Trend in Q2 2025

Paraguay Export Performance: Shipments to Singapore

• Total Volume: Exports to Singapore totaled 493.14K in Q2 2025.
• Growth Trend & Context:
  • YoY declines were severe, averaging -46.73%, with June’s -83.55% drop marking the sharpest contraction.
  • No mitigating news context was provided to explain the collapse.
• Key Volatility: June saw a -61.83% MoM plunge, the quarter’s steepest monthly decline.

Paraguay Import Performance: Sourcing from Singapore

• Total Volume: Imports from Singapore reached 86.91M in Q2 2025.
• Growth Trend & Context:
  • YoY imports dipped slightly (-2.41% in April, -1.62% in June), but May’s -43.06% crash skewed the quarter.
  • No news events were cited to contextualize the volatility.
• Key Volatility: May’s -23.21% MoM drop contrasted sharply with April’s +26.66% surge.

Paraguay - Singapore Trade Balance & Market Dynamics

• Net Position: Paraguay ran a trade deficit of 86.42M (Imports: 86.91M > Exports: 0.49M).
• Relationship Status: Heavy import reliance on Singapore, with exports negligible by comparison. The deficit underscores a lopsided dependency.

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

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

Get Historical Paraguay Singapore Trade Records

Paraguay-Singapore Top Trading Products in Q2 2025

Paraguay Export Profile: What Does Paraguay Sell to Singapore

• Top Commodity: Rank #1 export is HS Code 02 (Meat and edible meat offal), accounting for 47.89% of total exports to Singapore.
• Demand Driver: Singapore likely imports these agricultural products to serve its consumer market, given its limited domestic production capacity.
• Concentration: Trade is highly concentrated, with the top commodity alone nearing 50% share.

Paraguay Import Profile: What Does Paraguay Buy from Singapore

• Top Commodity: Rank #1 import is HS Code 27 (Mineral fuels, oils, and distillation products), dominating at 93.23% of total imports from Singapore.
• Dependency Nature: This reflects a critical energy security dependency, as Paraguay relies heavily on Singapore for refined petroleum products.

Paraguay - Singapore Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports agricultural goods (HS 02) in exchange for energy products (HS 27) from Singapore.
• Value Chain Position: Singapore holds the higher value-add position, supplying processed energy products, while Paraguay provides raw agricultural commodities.

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

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

Check Detailed Paraguay-Singapore Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Singapore trade relationship faces significant headwinds in the near term, with exports collapsing by -46.73% YoY and imports showing erratic declines. Given the heavy reliance on energy imports (HS Code 27) and volatile demand for Paraguayan meat exports (HS Code 02), we anticipate continued instability in Q3 2025. Without structural adjustments, the trade deficit of 86.42M will persist, reinforcing Paraguay’s lopsided dependency. Traders should brace for further volatility, particularly in commodity pricing and shipment volumes.

Strategic Moves

• Diversify Export Markets: Paraguayan meat exporters must reduce reliance on Singapore by targeting emerging ASEAN markets with growing demand for high-quality protein.
• Lock in Energy Supply Contracts: Importers should secure long-term agreements for mineral fuels (HS Code 27) to mitigate price swings and ensure stable energy inflows.
• Invest in Value-Added Processing: Paraguay must shift from raw agricultural exports to processed goods (e.g., pre-packaged meats) to capture higher margins and reduce trade imbalance vulnerability.

Frequently Asked Questions

How did Paraguay - Singapore trade perform in 2025 Q2?

Paraguay's exports to Singapore totaled 493.14K, with severe YoY declines (-46.73%). Imports from Singapore reached 86.91M, showing slight YoY dips but significant volatility.

What are the top exports from Paraguay to Singapore?

The top export is HS Code 02 (Meat and edible meat offal), accounting for 47.89% of Paraguay's total exports to Singapore.

What does Paraguay import from Singapore?

The top import is HS Code 27 (Mineral fuels, oils, and distillation products), dominating 93.23% of Paraguay's total imports from Singapore.

What is the trade balance between Paraguay and Singapore?

Paraguay recorded a trade deficit of 86.42M, driven by heavy reliance on Singapore for energy products and negligible export volumes.