Top Paraguay Exports 2023: Commodity Dominance

Paraguay Export Portfolio Overview in 2023 Whole Year

• Exports are dominated by primary commodities: oilseeds (30.6%, $3.64B) and meat (13.7%, $1.63B).
• High concentration risk: the top two sectors alone account for 44.3% of total exports, with the top five making up over 76%.
• This structure reflects Paraguay's core economic identity as a global supplier of agricultural raw materials, heavily reliant on favorable climate and land resources.

Table: Paraguay Top Export Product in 2023 (Source: yTrade)

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Key Driver: Oil seeds and oleaginous fruits

• Driven overwhelmingly by HS 1201 (soybeans), representing 94.1% of the sector's value ($3.42B).
• Product Type: Raw material, primarily exported for further processing into oil and animal feed.
• Paraguay’s dominance in soy is due to extensive arable land, efficient large-scale farming, and river-access logistics for bulk shipment.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• Balanced between beef (HS 0201, $795M) and other meat (HS 0202, $734M), indicating a diversified protein export base.
• Acts as a complement to soy: cattle farming often utilizes by-products from oilseed processing (e.g., feed), creating integrated agribusiness value chains.
• Strategic for revenue stability, as global meat demand is less volatile than commodity crop prices.

Table: HS Code 02 Detailed Breakdown

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Key Driver: Mineral fuels, mineral oils

• Entirely driven by HS 2716 (electrical energy), accounting for virtually 100% of the sector ($1.57B).
• Represents a stable, high-value legacy export: Paraguay leverages its hydroelectric capacity from the Itaipú and Yacyretá dams to export surplus power, mainly to Brazil and Argentina.
• Unlike agricultural exports, this is a finished good—directly consumed electricity—providing a counter-cyclical revenue stream.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2023 Whole Year?

The largest export category is Oil seeds and oleaginous fruits; miscellaneous grains, seeds and fruit; industrial or medicinal plants; straw and fodder (HS 12), valued at $3.64B. This sector is primarily driven by exports of Soya beans (HS 1201), which alone account for 94.14% of the sector's total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2023 Whole Year?

Within the Oil seeds and oleaginous fruits sector, the top exports are Soya beans (HS 1201, $3.42B) and Soybean oil (HS 1207, $186.26M), which together account for 99.26% of the sector's exports.

Does Paraguay export Meat and edible meat offal in 2023 Whole Year?

Yes, Meat and edible meat offal (HS 02) is Paraguay’s second-largest export sector, valued at $1.63B. The primary products are Bovine meat (HS 0201, $795.32M) and Sheep or goat meat (HS 0202, $734.27M), making up 94.04% of the sector.

What are the main industries driving Paraguay's economy?

Paraguay’s economy is heavily reliant on agriculture, with the top three export sectors being:

1. Oil seeds and oleaginous fruits (HS 12, $3.64B, 30.59%)
2. Meat and edible meat offal (HS 02, $1.63B, 13.68%)
3. Mineral fuels (HS 27, $1.57B, 13.22%)

How to find Paraguay Oil seeds and oleaginous fruits suppliers?

You can access a list of active suppliers and exporters for Oil seeds and oleaginous fruits (HS 12) using the yTrade database, which provides detailed shipment records and company contacts.

Detailed Quarterly Report

Paraguay Top Export Product 2023 Q1Paraguay Top Export Product 2023 Q2Paraguay Top Export Product 2023 Q3Paraguay Top Export Product 2023 Q4