Top Paraguay Exports 2023 Q2: Commodity Dominance

Paraguay Export Portfolio Overview in 2023 Q2

• Exports are dominated by primary commodities, with oil seeds and oleaginous fruits (HS 12) accounting for 36.8% and meat products (HS 02) for 14.2% of total export value.
• Concentration risk is high, with the top two sectors representing over 51% of exports, reflecting heavy reliance on agriculture and livestock.
• This structure confirms Paraguay’s role as a supplier of bulk agricultural raw materials to global markets, with limited industrial diversification.

Table: Paraguay Top Export Product in 2023 Q2 (Source: yTrade)

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Key Driver: Oil seeds and oleaginous fruits

• The sector is overwhelmingly driven by HS 1201 (soybeans), representing 95.8% of the category’s value.
• This is a raw material export, indicating Paraguay functions as a producer and exporter of unprocessed agricultural goods.
• Dominance stems from abundant arable land, favorable climate for soybean cultivation, and competitive production costs, rather than processing capacity.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• Beef (HS 0201 and 0202) comprises 94.4% of the sector, with nearly equal shares of fresh/chilled and frozen product.
• It acts as a complement to soy, leveraging the same resource base—cattle grazing on pastures and feed from local crops.
• Strategic as a value-added segment relative to raw grains, though still reliant on commodity cycles and international demand for protein.

Table: HS Code 02 Detailed Breakdown

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Key Driver: Mineral fuels, mineral oils and products of their distillation

• The category consists entirely of electricity (HS 2716), representing 100% of its export value.
• This reflects Paraguay’s role as a regional energy exporter, leveraging its hydroelectric capacity from the Itaipú and Yacyretá dams.
• Provides a stable, non-agricultural export stream, though dependent on fixed infrastructure and bilateral energy agreements.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2023 Q2?

The largest export category is Oil seeds and oleaginous fruits (HS 12), valued at $1.19B. This sector is primarily driven by exports of Soybeans (HS 1201), which alone account for 95.75% of the sector's total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2023 Q2?

Within the Oil seeds and oleaginous fruits sector, the top exports are Soybeans (HS 1201, $1.14B) and Safflower seeds (HS 1207, $42.75M), which together account for 99.36% of the sector's exports.

Does Paraguay export Meat and edible meat offal in 2023 Q2?

Yes. Meat and edible meat offal (HS 02) is Paraguay’s second-largest export sector, valued at $456.19M. The primary driver is Bovine meat (HS 0201, $225.15M), which makes up 49.35% 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 Oil seeds (HS 12, 36.84%), Meat (HS 02, 14.17%), and Mineral fuels (HS 27, 12.35%), which together account for 63.36% of total exports.

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.