Top Paraguay Exports 2024 Q2: Commodity Dominance

Paraguay Export Portfolio Overview in 2024 Q2

• Dominated by agricultural commodities: oil seeds & oleaginous fruits (HS12, 37.6%) and meat products (HS02, 14.2%).
• High concentration risk: top two sectors represent over 50% of exports, exposing economy to commodity price swings and climate volatility.
• Reinforces Paraguay's role as a bulk agricultural producer, not a processor—an economy built on raw resource extraction.

Table: Paraguay Top Export Product in 2024 Q2 (Source: yTrade)

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Key Driver: Oil seeds and oleaginous fruits

• Driven almost entirely by HS1201 (soybeans), representing 95.6% of the sector's value.
• Pure raw material export: unprocessed soybeans for global animal feed and oil processing markets.
• Dominance stems from vast arable land, river transport access via the Paraná, and competitive production costs—not value-added processing.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• Balanced between frozen beef (HS0202, 48.4%) and fresh/chilled beef (HS0201, 45.3%).
• Acts as a complement: leverages the same rural infrastructure and land use as soybean farming.
• Strategic as a higher-value protein export, diversifying somewhat from pure crop dependency.

Table: HS Code 02 Detailed Breakdown

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Key Driver: Mineral fuels

• Entirely dependent on HS2716 (electrical energy), making up 99.97% of the sector.
• Represents a stable, legacy export: surplus hydroelectric power from Itaipú Dam sold to Brazil and Argentina.
• Not a growth driver but a fixed revenue stream tied to binational energy agreements.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2024 Q2?

The largest export category is Oil seeds and oleaginous fruits (HS 12), valued at $1.21B. This sector is primarily driven by exports of Soybeans (HS 1201), which alone account for 95.62% of the sector's total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2024 Q2?

Within the Oil seeds and oleaginous fruits sector, the top exports are Soybeans (HS 1201, $1.15B) and Sunflower seeds (HS 1207, $47.30M), which together account for 99.54% of the industry's exports.

Does Paraguay export Meat and edible meat offal in 2024 Q2?

Yes. Meat and edible meat offal (HS 02) is Paraguay’s second-largest export sector, valued at $453.91M. The primary driver is Bovine meat (HS 0202, $219.57M), which makes up 48.37% of the category.

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, $1.21B)
2. Meat and edible meat offal (HS 02, $453.91M)
3. Mineral fuels (HS 27, $341.79M).

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.