2025 Jun Paraguay Soybean oilcake (HS2304) Export Snapshot: Surge in Exports

June 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), rebounded in June with exports surging 52.78% MoM to 258.97M kg, while value jumped 57.12% to $79.91M USD. Unit prices edged up 2.84% to $0.31/kg, recovering slightly from May's 9.15% drop. The strong recovery follows a dip in May, when both volume and value fell by 8.59% and 16.95%, respectively. Paraguay's soybean oilcake trade remains volatile, with June's volume nearly triple February's levels.

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 96.4% of weight and 96.0% of value—a near-perfect alignment (Value-Weight Gap: 0.4%) indicating a bulk hub relationship. This tight correlation suggests Argentina processes raw Paraguayan oilcake into higher-value products, reflecting a cost-driven supply chain. Uruguay, the second-largest partner, shows a slight premium (Value: 3.14% vs. Weight: 2.96%), hinting at niche demand for specialized grades. The absence of significant gaps elsewhere confirms Paraguay’s role as a volume-first supplier to regional processors. Strategic priority: optimize logistics for bulk efficiency over premium pricing.

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 dominates Paraguay's soybean oilcake exports, capturing 91% frequency and 99% of volume/value in June 2025—overwhelming the minor 23040090 sub-code. The sheer weight (256M kg) and low unit price (null, implying bulk commodity pricing) confirm this is a volume-driven market, not premium differentiation. With nearly all exports funneled into one sub-code, Paraguay’s HS Code 2304 trade hinges on cost-efficient mass production, typical of agricultural byproducts. The negligible presence of 23040090 suggests no meaningful niche for specialized variants. This is a classic bulk-commodity play.

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 June?

Exports surged 57% month-on-month to $79.91M, with volume up 53% to 258.97M kg. Unit prices edged up 2.8% to $0.31/kg.

What are the top Export partners for Paraguay Soybean oilcake?

Argentina ($76.7M), Uruguay ($2.51M), and Switzerland ($576.82K) dominated shipments.

Who are the major Soybean oilcake Buyers?

Agrograin Ltd ($22.47M) and Cargill entities ($2.7M combined) led buyer activity.

What is the specific HS Code for this trade?

The data covers HS Code 2304, with significant activity in oil-cake and solid residues from soya-bean oil extraction.