2025 Mar Paraguay Soybean oilcake (HS 2304) Export Snapshot: Surge in Volume

March 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 exports rise in March, with volume up 61.81% MoM to 158.36M kg and value climbing 65.66% to $50.12M USD. Unit prices edged up 2.38% to $0.32/kg, reversing February’s 15.81% drop. The rebound follows a sharp surge in February, when volume and value jumped 226.52% and 174.91%, respectively, after a muted January start. Paraguay’s 2025 beef export decline, driven by tighter supplies, may have indirectly supported soybean oilcake demand as feed alternatives. Momentum remains strong, with Q1 volumes nearly tripling from January 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 90.2% of volume but 88.6% of value, revealing a tight alignment between weight and price—indicating a bulk commodity flow with minimal premium differentiation. The near-parallel ratios across other markets (e.g., Brazil, Uruguay) reinforce this as a cost-driven trade structure, where volume efficiency outweighs product specialization. This suggests Paraguay’s export strategy is optimized for high-volume, low-margin arbitrage, likely feeding regional processing hubs rather than premium end markets.

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 97.92% frequency and 88.75% volume in March 2025, with nearly 140.54M kg shipped—far outpacing the remaining sub-codes (grouped at 11.25%). The absence of unit price data suggests a market driven by bulk volume over premium pricing, typical of commodity-grade exports. This aligns with Paraguay HS Code 2304 Export trends favoring high-volume, low-margin trade flows. The minimal presence of 23040090 (10.49% value share) further confirms cost-efficiency as the key driver, not niche quality differentiation.

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 March?

Exports rose 65.66% month-on-month to $50.12M, with volume up 61.81% to 158.36M kg. Unit prices edged up 2.38% to $0.32/kg.

What are the top Export partners for Paraguay Soybean oilcake?

Argentina ($44.43M), Brazil ($3.53M), and Uruguay ($1.71M) dominated shipments.

Who are the major Soybean oilcake Buyers?

Agrograin Ltd led with $17.35M in purchases, followed by Cargill Uruguay S.A ($169.30K).

What is the specific HS Code for this trade?

The data covers HS Code 2304, with significant activity in soya-bean oil extraction residues (HS 230400).