Top Paraguay Exports 2023 Q4: Commodity Dominance

Paraguay Export Portfolio Overview in 2023 Q4

• Soybeans and cereals dominate, accounting for 38.5% of total exports.
• High concentration risk: top three sectors (soy, cereals, beef) represent 52.7% of export value.
• Economy remains anchored in bulk agricultural commodities, with minimal diversification into processed goods or manufacturing.

Table: Paraguay Top Export Product in 2023 Q4 (Source: yTrade)

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Key Driver: Oil seeds and oleaginous fruits

• HS 1201 (soybeans) drives 91.4% of the sector’s value.
• Raw material export, with minimal local processing.
• Reflects Paraguay’s competitive advantage in large-scale, rain-fed soybean cultivation, leveraging fertile soils and low production costs.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Cereals

• HS 1005 (corn) accounts for 74.1% of cereal exports.
• Complements soy as a rotational crop, supporting farm economics and export stability.
• Strategic for supply chain resilience: dual-crop system reduces agronomic risk and stabilizes export volumes.

Table: HS Code 10 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• HS 0201 (bovine meat) represents 52.7% of the sector.
• Stable legacy industry with high value per unit compared to grains.
• Benefits from Paraguay’s extensive pastureland and disease-free status, enabling premium market access.

Table: HS Code 02 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2023 Q4?

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 $677.18M. This sector is primarily driven by exports of Soya beans (HS 1201), which alone account for 91.44% of the sector's total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2023 Q4?

Within the Oil seeds and oleaginous fruits sector, the top exports are Soya beans (HS 1201) at $619.20M and Sesame seeds (HS 1207) at $49.03M, which together account for 98.68% of the sector's total exports.

Does Paraguay export Cereals in 2023 Q4?

Yes, Cereals (HS 10) is Paraguay's second-largest export sector, valued at $455.45M. The primary driver is Maize (corn) (HS 1005), which makes up 74.14% of the sector's total value.

What are the main industries driving Paraguay's economy?

Paraguay's economy is heavily reliant on its top three export sectors:

1. Oil seeds and oleaginous fruits (HS 12) at $677.18M (23.02% share)
2. Cereals (HS 10) at $455.45M (15.48% share)
3. Meat and edible meat offal (HS 02) at $417.07M (14.18% share)

Together, these three sectors account for 52.68% of Paraguay's total exports, indicating a concentrated economy.

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 for verified Paraguayan exporters.