Paraguay Top 10 Export Destination Countries in 2023 Q1
Paraguay Top Export Destinations and Market Reach in 2023 Q1
- Argentina dominates as Paraguay’s top export destination, absorbing 42.41% ($1.13B) of total shipments—likely a key consumption market given its overwhelming share.
- Top 3 partners (Argentina, Brazil, Chile) account for 77.73% of exports, indicating heavy reliance on regional buyers rather than diversified global demand.
- Paraguay export destinations skew heavily regional, with South American neighbors comprising 78.73% of the top 10 markets. Distant buyers (U.S., Netherlands, India) show minimal traction (<2% each).
- Risk exposure: Over 69% of exports flow to just two partners (Argentina + Brazil), creating vulnerability to demand shocks in either market.
Table: Paraguay Top Destination Countries in 2023 Q1 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Argentina | 1.13B | 42.41% |
| Brazil | 714.06M | 26.88% |
| Chile | 224.26M | 8.44% |
| United States | 58.51M | 2.20% |
| Uruguay | 48.28M | 1.82% |
| Netherlands | 44.81M | 1.69% |
| India | 40.38M | 1.52% |
| South Korea | 40.10M | 1.51% |
| Russia | 30.69M | 1.16% |
| Peru | 28.81M | 1.08% |
Get Complete Paraguay Export Destination Countries Profile
Paraguay - Key Destination Country Trading Product Pattern
- Argentina (42.41%): A primary market for Paraguayan agricultural exports, particularly soybeans and beef, driven by geographic proximity and integrated regional supply chains.
- Brazil (26.88%): Imports significant volumes of Paraguayan electricity and agricultural goods, facilitated by shared infrastructure like the Itaipú Dam and Mercosur trade agreements.
- Chile (8.44%): A key buyer of Paraguayan meat and animal feed, with trade supported by Chile's strong demand for imported foodstuffs and stable economy.
- United States (2.20%): Imports niche agricultural products and manufactured goods from Paraguay, often under specific trade preference programs.
- Uruguay (1.82%): Receives Paraguayan exports like oilseeds and textiles, with trade flows bolstered by shared membership in the Mercosur bloc.
- Netherlands (1.69%): Acts as a major European logistics and distribution hub for Paraguayan goods, particularly agricultural commodities destined for wider EU markets.
Frequently Asked Questions
Which countries are the top destinations for Paraguay's exports in 2023 Q1?
Argentina ($1.13B), Brazil ($714.06M), and Chile ($224.26M) were the top three destinations for Paraguay's exports in Q1 2023.
What is the dominant export market for Paraguay?
Argentina is Paraguay's dominant export market, accounting for 42.41% ($1.13B) of total exports in Q1 2023.
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