Paraguay Top 10 Export Destination Countries in 2024 Q1
Paraguay Top Export Destinations and Market Reach in 2024 Q1
- Argentina dominates Paraguay export destinations, absorbing 45.66% ($1.28B) of total shipments—likely a key consumption market given its proximity and volume.
- Top 3 partners (Argentina, Brazil, Chile) account for 81.17% of exports, indicating high regional dependence and concentrated trade risk.
- Paraguay’s key trading partners skew regional: 80.47% of exports stay within South America (Argentina, Brazil, Chile, Uruguay), with minimal global diversification beyond the continent.
- U.S. and EU presence weak: Combined share of Netherlands and U.S. is just 3.44%, highlighting limited penetration in major Western markets.
Table: Paraguay Top Destination Countries in 2024 Q1 (Source: yTrade)
| Destination Countries | Value | Percent |
|---|---|---|
| Argentina | 1.28B | 45.66% |
| Brazil | 808.68M | 28.74% |
| Chile | 190.48M | 6.77% |
| United States | 69.06M | 2.45% |
| Uruguay | 57.43M | 2.04% |
| Netherlands | 27.72M | 0.99% |
| Israel | 26.76M | 0.95% |
| Russia | 25.86M | 0.92% |
| Vietnam | 18.61M | 0.66% |
| South Korea | 18.31M | 0.65% |
Get Complete Paraguay Export Destination Countries Profile
Paraguay - Key Destination Country Trading Product Pattern
- Argentina (45.66%): A major market for Paraguayan agricultural exports, particularly soybeans and beef, driven by regional trade agreements and geographic proximity.
- Brazil (28.74%): Paraguay’s largest trade partner in value terms, with strong demand for electricity, soy products, and manufactured goods due to integrated supply chains.
- Chile (6.77%): Imports Paraguayan meat, grains, and processed foods, supported by Chile’s robust consumer market and limited agricultural capacity.
- United States (2.45%): Buys niche agricultural products like organic foods and textiles, reflecting U.S. demand for diversified sourcing.
- Uruguay (2.04%): A key regional buyer of Paraguayan dairy, meat, and cereals, benefiting from shared Mercosur trade policies.
Frequently Asked Questions
Which countries are the top destinations for Paraguay's exports in 2024 Q1?
Argentina ($1.28B), Brazil ($808.68M), and Chile ($190.48M) were the top three destinations for Paraguay's exports in Q1 2024.
What is the dominant export market for Paraguay?
Argentina is Paraguay's dominant export market, accounting for 45.66% ($1.28B) of total exports in Q1 2024.
Paraguay Top 10 Export Destination Countries in 2024
Paraguay's top export destinations in 2024 show heavy reliance on Argentina (34.78%), with 75% of shipments going to just 3 regional partners, per yTrade data. Limited global reach beyond Latin America.
Paraguay Top 10 Export Destination Countries in 2024 Q2
In Q2 2024, Argentina emerged as Paraguay's top export destination, absorbing 39.13% of shipments, while regional reliance remains high with 77.13% going to just 3 partners. Explore Paraguay's trade dynamics with yTrade.
