Top Paraguay Exports 2023 Q3: Market Insight
Paraguay Export Portfolio Overview in 2023 Q3
- Dominated by agricultural commodities: oilseeds (26.3%, $808M) and cereals (13.3%, $410M).
- High concentration risk: top three sectors (agriculture + meat) account for 53% of exports.
- Confirms Paraguay's role as a specialized agricultural exporter with limited diversification.
Table: Paraguay Top Export Product in 2023 Q3 (Source: yTrade)
| HS Code | Description | Value | Percent |
|---|---|---|---|
| 12 | Oil seeds and oleaginous fruits; miscellaneous grains, se... | 808.40M | 26.30% |
| 10 | Cereals | 409.92M | 13.34% |
| 02 | Meat and edible meat offal | 406.81M | 13.24% |
| 27 | Mineral fuels, mineral oils and products of their distill... | 398.34M | 12.96% |
| 23 | Residues and waste from the food industries; prepared ani... | 302.42M | 9.84% |
| 15 | Animal or vegetable fats and oils and their cleavage prod... | 176.24M | 5.73% |
| 85 | Electrical machinery and equipment and parts thereof; sou... | 90.59M | 2.95% |
| 22 | Beverages, spirit and vinegar | 41.75M | 1.36% |
| 38 | Miscellaneous chemical products | 34.51M | 1.12% |
| 17 | Sugars and sugar confectionery | 26.23M | 0.85% |
Get Complete Paraguay Export HS Code Breakdown
Key Driver: Oil seeds and oleaginous fruits
- Driven by HS 1201 (soybeans), representing 91% of the sector's value.
- Raw material export, indicating limited onshore processing.
- Dominance reflects Paraguay's competitive advantage in large-scale, rain-fed soybean cultivation.
Table: HS Code 12 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 1201 | 733.11M | 90.69% |
| 1207 | 67.36M | 8.33% |
| 1202 | 6.24M | 0.77% |
| 1211 | 785.27K | 0.10% |
| 1205 | 539.99K | 0.07% |
| 1208 | 188.78K | 0.02% |
| 1212 | 169.36K | 0.02% |
| 1204 | 12.10K | 0.00% |
Get Complete Paraguay Export HS Code Breakdown
Key Driver: Cereals
- Primarily HS 1005 (corn), accounting for 68% of cereal exports.
- Acts as a natural complement to oilseeds, leveraging same agricultural infrastructure and climate.
- Strategic for supplying regional and global animal feed markets.
Table: HS Code 10 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 1005 | 277.59M | 67.72% |
| 1006 | 109.93M | 26.82% |
| 1001 | 19.90M | 4.85% |
| 1007 | 2.49M | 0.61% |
| 1008 | 6.43K | 0.00% |
Get Complete Paraguay Export HS Code Breakdown
Key Driver: Meat and edible meat offal
- Balanced between HS 0202 (frozen beef, 49%) and HS 0201 (fresh/chilled beef, 45%).
- Represents a higher-value processed export compared to raw grains.
- Stable legacy sector underpinned by Paraguay’s extensive pastureland and export-certified slaughterhouses.
Table: HS Code 02 Detailed Breakdown
| HS Code | Value | Percent |
|---|---|---|
| 0202 | 197.59M | 48.57% |
| 0201 | 181.84M | 44.70% |
| 0206 | 17.19M | 4.23% |
| 0203 | 5.70M | 1.40% |
| 0207 | 3.68M | 0.91% |
| 0210 | 446.60K | 0.11% |
| 0209 | 349.31K | 0.09% |
Access Paraguay Complete Export Profile
Frequently Asked Questions
What is Paraguay's largest export commodity in 2023 Q3?
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 $808.40M. This sector is primarily driven by exports of Soybeans (HS 1201), which account for 90.69% of the sector's total value.
Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2023 Q3?
Within the Oil seeds and oleaginous fruits sector, the top exports are Soybeans (HS 1201, $733.11M) and Sunflower seeds (HS 1207, $67.36M), which together account for 99.02% of the sector's exports.
Does Paraguay export Cereals in 2023 Q3?
Yes, Cereals (HS 10) are the second-largest export sector, valued at $409.92M. The primary product is Corn (maize) (HS 1005), contributing 67.72% ($277.59M) of the sector's total exports.
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 and oleaginous fruits (HS 12, $808.40M)
- Cereals (HS 10, $409.92M)
- Meat and edible meat offal (HS 02, $406.81M)
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.
Top Paraguay Exports 2023 Q2: Commodity Dominance
Paraguay's top export product in Q2 2023 was dominated by soybeans and meat, reflecting its agricultural strength. Discover key trends and top export destinations with yTrade.
Top Paraguay Exports 2023 Q4: Commodity Dominance
Paraguay's top export product in Q4 2023 was dominated by soybeans and cereals, accounting for 38.5% of total exports. Discover the key drivers and trends with yTrade.
