2025 Oct Paraguay Soybean oilcake (HS 2304) Export Snapshot: Surge in Exports

October Trend: Paraguay Soybean oilcake Export

Soybean oilcake, classified under HS Code 2304 (Oilcake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soybean oil), saw exports rebound in October, with value rising 39.19% MoM to $67.56M and volume up 38.68% to 237.71M kg. The uptick follows a 17.90% gain in September, though unit prices remained flat at $0.28/kg. Paraguay’s shipments have benefited from reduced U.S. tariffs under the Trump administration, as noted in recent trade reports. The October surge marks the highest monthly volume since June’s peak of 258.97M kg. Momentum appears volatile, with MoM swings exceeding 50% in three of the past six months.

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 94.6% of volume and value, signaling a tightly integrated bulk trade with near-identical weight-to-value ratios—indicative of standardized commodity flows rather than premium differentiation. Uruguay, the secondary market, holds a 4.8% volume share but a slightly higher 5.0% value share, hinting at marginal price premiums, possibly for niche grades. The absence of significant value-volume gaps across top destinations suggests Paraguay’s export structure is cost-driven, prioritizing raw material efficiency over specialized demand. Strategic reliance on Argentina underscores a logistics-heavy supply chain, likely optimized for proximity and scale.

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 99.87% of volume and 99.89% of value in October 2025, dwarfing other sub-codes. The sheer bulk (237.4M kg) at minimal unit price signals a market prioritizing low-cost, high-volume trade over premium differentiation. This aligns with Paraguay HS Code 2304 Export trends, where scale trumps niche segmentation. The near-total absence of 23040090 (0.13% volume) confirms a commoditized flow—no demand for specialized variants. Expect continued focus on mass soybean byproducts, not value-added processing.

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 October?

Exports surged 39% month-on-month to $67.56M, with volume up 39% to 237.71M kg. Unit price held steady at $0.28/kg (+0.4% MoM).

What are the top Export partners for Paraguay Soybean oilcake?

Argentina dominated with $63.9M (225M kg), followed by Uruguay ($3.35M) and Chile ($302K).

Who are the major Soybean oilcake Buyers?

Agrograin Ltd led buyers with $24.44M (86M kg), accounting for 36% of tracked shipments.

What is the specific HS Code for this trade?

The data covers HS Code 2304, with 99.9% of volume in soya-bean oil extraction residues (HS 230400).