Top Paraguay Exports 2024: Commodity Dominance

Paraguay Export Portfolio Overview in 2024 Whole Year

• Exports are dominated by two primary sectors: oilseeds and oleaginous fruits (HS 12, 30.9%) and meat products (HS 02, 16.7%), accounting for nearly half of all export value.
• The export structure exhibits a high concentration risk, heavily reliant on a narrow base of primary commodities.
• This profile solidifies Paraguay's economic identity as a supplier of raw agricultural and energy commodities to global markets, with limited industrial diversification.

Table: Paraguay Top Export Product in 2024 (Source: yTrade)

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Key Driver: Oil seeds and oleaginous fruits

• The sector is overwhelmingly driven by a single product: Soya beans (HS 1201), constituting 93.1% of the sector's value.
• This is a bulk raw material, exported for further processing into animal feed and vegetable oil abroad.
• Paraguay's dominance in this sector is a direct function of its vast arable land, favorable climate, and highly efficient, large-scale commercial farming sector.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• The sector is split between frozen bovine meat (HS 0202, 52.0%) and fresh/chilled bovine meat (HS 0201, 41.9%).
• This sector acts as a strong complement to the primary soy sector, utilizing the by-products for animal feed and representing a higher-value processed good from the same agricultural base.
• Its strategic importance lies in providing value addition to the agro-industrial chain and diversifying revenue streams within the primary sector.

Table: HS Code 02 Detailed Breakdown

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Key Driver: Mineral fuels, mineral oils

• The sector is almost entirely composed of electrical energy (HS 2716), representing 99.99% of its value.
• This is a stable, legacy export driven by Paraguay's massive hydroelectric power generation capacity from the Itaipú and Yacyretá dams, creating a unique and consistent revenue source.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2024 Whole Year?

The largest export category is Oil seeds and oleaginous fruits (HS 12), valued at $3.40B. This sector is primarily driven by exports of Soya beans (HS 1201), which alone account for 93.09% of the sector's total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2024 Whole Year?

Within the Oil seeds sector, the top exports are Soya beans (HS 1201, $3.16B) and Sunflower seeds (HS 1207, $209.68M), which together account for 99.26% of the sector's total exports.

Does Paraguay export Meat and edible meat offal in 2024 Whole Year?

Yes, Meat and edible meat offal (HS 02) is Paraguay’s second-largest export sector, valued at $1.83B. The primary driver is Bovine meat, frozen (HS 0202), which makes up 52.01% of the sector’s exports.

What are the main industries driving Paraguay's economy?

Paraguay’s economy is heavily reliant on agriculture, with the top 3 export sectors being:

1. Oil seeds and oleaginous fruits (HS 12, $3.40B)
2. Meat and edible meat offal (HS 02, $1.83B)
3. Mineral fuels (HS 27, $1.27B).
   Together, these account for 59.18% of total exports, indicating a concentrated export economy.

How to find Paraguay Oil seeds and oleaginous fruits suppliers?

You can access a list of active suppliers and exporters for Oil seeds (HS 12) using the yTrade database, which provides detailed shipment records and company contacts for Soya beans (HS 1201) and other key products.

Detailed Quarterly Report

Paraguay Top Export Product 2024 Q1Paraguay Top Export Product 2024 Q2Paraguay Top Export Product 2024 Q3Paraguay Top Export Product 2024 Q4