Paraguay Top 10 Export Destination Countries in 2024
Paraguay Top Export Destinations and Market Reach in 2024 Whole Year
- Argentina dominates as Paraguay’s top export destination, absorbing 34.78% ($3.82B) of shipments—likely driven by regional trade ties rather than transshipment.
- Heavy reliance on top 3 partners (Argentina, Brazil, Chile) accounts for 75.06% of exports, indicating concentrated market risk rather than diversification.
- Paraguay export destinations skew regional, with 74.26% of top 10 flows going to Latin America. Only the US (3.77%) and Netherlands (1.42%) break the pattern.
- Minimal global reach: No single non-Latin partner exceeds 1.5% share, highlighting limited penetration in distant markets.
Table: Paraguay Top Destination Countries in 2024 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Argentina | 3.82B | 34.78% |
| Brazil | 3.56B | 32.40% |
| Chile | 865.55M | 7.88% |
| United States | 413.80M | 3.77% |
| Uruguay | 245.64M | 2.24% |
| Israel | 159.81M | 1.45% |
| Netherlands | 156.46M | 1.42% |
| Russia | 144.40M | 1.31% |
| Bolivia | 91.52M | 0.83% |
| HongKong, China | 86.21M | 0.78% |
Get Complete Paraguay Export Destination Countries Profile
Paraguay - Key Destination Country Trading Product Pattern
- Argentina (34.78%): A primary market for Paraguayan agricultural exports, particularly soybeans and beef, driven by regional trade agreements and geographic proximity.
- Brazil (32.40%): A major importer of Paraguayan electricity and agricultural commodities, facilitated by shared infrastructure like the Itaipu Dam and bilateral trade pacts.
- Chile (7.88%): Imports Paraguayan meat products and grains, with trade supported by Chile's strong demand for food imports and its role as a Pacific gateway.
- United States (3.77%: Takes niche agricultural products from Paraguay, including sugar and organic goods, under specific tariff preference programs.
- Uruguay (2.24%): A regional partner that imports Paraguayan manufactured goods and some agricultural items, bolstered by Mercosur trade rules.
- Netherlands (1.42%): Serves as a key European entry point for Paraguayan commodities like soy and beef, leveraging Rotterdam's port for distribution.
Frequently Asked Questions
Which countries are the top destinations for Paraguay's exports in 2024 Whole Year?
Argentina ($3.82B), Brazil ($3.56B), and Chile ($865.55M) are Paraguay's top export destinations in 2024.
What is the dominant export market for Paraguay?
Argentina is Paraguay's dominant export market, accounting for 34.78% ($3.82B) of total exports in 2024.
Detailed Quarterly Report
Paraguay Top Destination Countries in 2024 Q1Paraguay Top Destination Countries in 2024 Q2Paraguay Top Destination Countries in 2024 Q4
Paraguay Top 10 Export Destination Countries in 2023 Q1
Paraguay's top export destination in Q1 2023 was Argentina, absorbing 42.4% of shipments, with regional neighbors dominating 78.7% of trade—highlighting yTrade risks from over-reliance on few markets.
Paraguay Top 10 Export Destination Countries in 2024 Q1
Paraguay's top export destinations in Q1 2024 show heavy regional reliance, with Argentina absorbing 45.66% of shipments. Discover key trade patterns with yTrade's market analysis.
