2025 Feb Paraguay Soybean oilcake (HS 2304) Export Snapshot: Volume Surges

February Trend: Paraguay Soybean oilcake Export

Soybean oilcake, classified under HS Code 2304 (Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil), saw a sharp rebound in February, with export volume surging 226.52% MoM to 97.87M kg. Shipment value jumped 174.91% to $30.26M, though unit prices dropped 15.81% to $0.31/kg, signaling competitive pricing amid higher supply. The month marked a stark turnaround from January's subdued trade activity. No major policy shifts or disruptions were reported to influence the rebound. Paraguay's soybean byproduct trade remains volatile, with February's spike reflecting potential pent-up demand or logistical catch-up.

Table: Paraguay Soybean Oilcake Export Trend (Source: yTrade)

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Geographic Concentration & Market Logic

Argentina dominates Paraguay's soybean oilcake exports, accounting for 95.3% of volume but only 94.9% of value—a near-parity gap indicating bulk commodity trade with minimal premium differentiation. The remaining markets (Uruguay, Chile, Angola) show similar weight-value alignment, reinforcing a cost-driven supply chain optimized for raw material distribution rather than high-value processing. This structure suggests Paraguay's exports serve as feedstock for regional agro-industrial hubs, with Argentina acting as the primary conduit. Strategic focus remains on volume efficiency over product specialization.

Table: Paraguay Soybean Oilcake (HS Code 2304) Top Destination Countries (Source: yTrade)

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Paraguay HS Code 2304 Breakdown & Value Logic

yTrade data reveals HS code 23040010 (soybean oilcake residues) dominates Paraguay's HS 2304 exports, capturing 100% of volume (97.87M tons) and 100% of value ($30.26M) in February 2025. The absence of unit price data suggests a bulk-driven, low-margin market, where Paraguay leverages scale over premium pricing—typical for commodity soybean byproducts. The remaining sub-codes are negligible, reinforcing a volume-first export strategy. This confirms Paraguay’s role as a high-volume, cost-competitive supplier in the global oilcake trade.

Table: Paraguay (HS Code 2304) Breakdown Details (Source: yTrade)

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Paraguay Soybean Oilcake Buyers List

Table: Paraguay Soybean Oilcake (HS Code 2304) Top Buyers List (Source: yTrade)

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Frequently Asked Questions

How did Paraguay Soybean oilcake Export perform in February?

Exports surged 174.91% month-on-month to $30.26M, with volume up 226.52% to 97.87M kg. Unit prices dropped 15.81% to $0.31/kg.

What are the top Export partners for Paraguay Soybean oilcake?

Argentina ($28.71M), Uruguay ($647.06K), and Chile ($476.28K) were the top destinations.

Who are the major Soybean oilcake Buyers?

Agrograin Ltd dominated with $14.05M in purchases, followed by Jinga Trading Ltd at $264.06K.

What is the specific HS Code for this trade?

The data covers HS Code 2304, with significant activity in Oil-cake and other solid residues from soya-bean oil extraction (230400**).