Paraguay - Switzerland Trade 2023 Whole Year: Deficit & Resource Exchange

Key Market Takeaways: Paraguay - Switzerland Trade

The bilateral trade relationship between Paraguay and Switzerland is marked by volatility and a heavy deficit in 2023.

• Deficit-Driven Trade: Paraguay runs a $163.92M trade deficit with Switzerland ($186.56M imports vs. $22.54M exports), reflecting lopsided dependency.
• Resource-for-Tech Exchange: Paraguay’s exports are dominated by meat (51% of total), while Switzerland supplies mineral fuels (68% of imports)—highlighting a raw-materials-for-energy dynamic.
• Strategic Imbalance: Switzerland holds the high-value position, with Paraguay’s export growth erratic and import reliance structural.

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

Paraguay-Switzerland Trade Trend in Whole Year 2023

Paraguay Export Performance: Shipments to Switzerland

• Total Volume: $22.54M in 2023.
• Growth Trend & Context:
  • Volatile YoY performance, with extreme swings: +150.6% in January but -54.6% in February.
  • No clear trend due to erratic monthly changes, but strong rebounds in September (+95.33% YoY) and December (+233.4% YoY).
• Key Volatility: December saw the highest MoM surge (+121.51%), while February had the sharpest MoM drop (-27.32%).

Paraguay Import Performance: Sourcing from Switzerland

• Total Volume: $186.56M in 2023.
• Growth Trend & Context:
  • Mixed YoY trajectory: peaks like +122.64% in June but contractions like -49.79% in May.
• Key Volatility: June recorded the highest MoM spike (+341.15%), while May had the steepest decline (-72.05%).

Paraguay - Switzerland Trade Balance & Market Dynamics

• Net Position: Trade Deficit of $163.92M (Imports $186.56M > Exports $22.54M).
• Relationship Status: Heavy reliance on Swiss imports, with exports playing a marginal role.

Paraguay Import Trend from Switzerland 2023 Whole Year (Source: yTrade)**

Paraguay Export Trend to Switzerland 2023 Whole Year (Source: yTrade)**

Get Historical Paraguay Switzerland Trade Records

Paraguay-Switzerland Top Trading Products in Whole Year 2023

Paraguay Export Profile: What Does Paraguay Sell to Switzerland

• Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) at 51.02% of total exports to Switzerland.
• Demand Driver: Switzerland imports these primarily for its consumer market, indicating strong demand for Paraguayan meat products.
• Concentration: Trade is highly concentrated, with meat alone accounting for over half of exports.

Paraguay Import Profile: What Does Paraguay Buy from Switzerland

• Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils, and distillation products) at 67.72% of total imports from Switzerland.
• Dependency Nature: This reflects a critical energy security dependency, as Paraguay relies heavily on Swiss-supplied fuels and oils.

Paraguay - Switzerland Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw agricultural goods (meat) while importing high-value energy products.
• Value Chain Position: Switzerland holds the higher value-add position, supplying processed energy products, while Paraguay provides primary commodities.

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

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

Check Detailed Paraguay-Switzerland Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Switzerland trade relationship is poised for continued volatility in 2024, driven by erratic demand swings and heavy reliance on a few key commodities. Paraguay’s meat exports (HS 02) will likely remain strong due to Swiss consumer demand, but the trade deficit ($163.92M) will persist unless export diversification accelerates. Meanwhile, Switzerland’s dominance in energy exports (HS 27) ensures Paraguay’s import dependency will remain a structural challenge. Traders should brace for sharp monthly fluctuations, particularly in energy pricing and meat shipment volumes.

Strategic Moves

• Diversify Export Basket: Paraguayan exporters must reduce overreliance on meat by targeting Swiss demand for niche agricultural products (e.g., organic grains, tropical fruits) to mitigate concentration risk.
• Lock in Energy Contracts: Importers should negotiate long-term supply agreements for Swiss mineral fuels (HS 27) to hedge against price volatility and ensure stable energy inflows.
• Leverage Trade Diplomacy: Paraguay’s government should push for bilateral agreements to ease non-tariff barriers on meat exports, securing predictable market access and reducing YoY shipment volatility.

Frequently Asked Questions

How did Paraguay - Switzerland trade perform in 2023 Whole Year?

Paraguay exported $22.54M to Switzerland and imported $186.56M, showing volatile growth with extreme monthly swings but strong rebounds in key months like September and December.

What are the top exports from Paraguay to Switzerland?

Meat and edible meat offal (HS 02) dominated Paraguay’s exports to Switzerland, accounting for 51.02% of total shipments.

What does Paraguay import from Switzerland?

Mineral fuels, oils, and distillation products (HS 27) were the top import, making up 67.72% of Paraguay’s purchases from Switzerland.

What is the trade balance between Paraguay and Switzerland?

Paraguay had a trade deficit of $163.92M in 2023, as imports ($186.56M) far exceeded exports ($22.54M).