Top Paraguay Exports 2024 Q3: Market Insights

Paraguay Export Portfolio Overview in 2024 Q3

• Dominated by agricultural commodities: oilseeds (29.4%) and meat products (17.4%) account for nearly half of all exports.
• Extreme concentration risk: Top 3 sectors represent 57.6% of total export value, creating high vulnerability to commodity price swings and climate shocks.
• Confirms Paraguay's role as a specialized agricultural exporter with limited industrial diversification, heavily dependent on soybean and beef value chains.

Table: Paraguay Top Export Product in 2024 Q3 (Source: yTrade)

Get Complete Paraguay Export HS Code Breakdown

Key Driver: Oil seeds and oleaginous fruits

• HS 1201 (soybeans) drives 91% of sector value, representing raw agricultural commodity exports.
• Pure raw material export model: Paraguay ships unprocessed soybeans rather than higher-value processed oils or meals.
• Dominance reflects competitive advantages in fertile land, favorable climate, and efficient large-scale farming operations rather than processing capabilities.

Table: HS Code 12 Detailed Breakdown

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Key Driver: Meat and edible meat offal

• HS 0202 (frozen beef) and 0201 (fresh/chilled beef) comprise 93.5% of sector, indicating bulk protein exports.
• Complements soybean sector through shared livestock feed inputs and land use patterns.
• Strategic importance: Provides export diversification within agribusiness while maintaining reliance on same climate and resource base.

Table: HS Code 02 Detailed Breakdown

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Key Driver: Mineral fuels, mineral oils

• HS 2716 (electrical energy) accounts for virtually 100% of sector, representing unique export profile.
• Not traditional hydrocarbons: Paraguay exports surplus hydroelectric power from Itaipú and Yacyretá dams.
• Stable legacy sector: Capital-intensive infrastructure creates reliable revenue stream but with fixed growth constraints.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest export commodity in 2024 Q3?

The largest export category is Oil seeds and oleaginous fruits (HS 12), valued at $826.95M. This sector is primarily driven by exports of Soybeans (HS 1201), which account for 90.95% of the total value.

Which specific Oil seeds and oleaginous fruits products does Paraguay export most in 2024 Q3?

Within the Oil seeds and oleaginous fruits sector, the top exports are Soybeans (HS 1201) at $752.11M and Sunflower seeds (HS 1207) at $68.18M, which together account for 99.19% of the sector's exports.

Does Paraguay export Meat and edible meat offal in 2024 Q3?

Yes. Meat and edible meat offal (HS 02) is Paraguay’s second-largest export sector, valued at $490.14M. The primary driver is Bovine meat, frozen (HS 0202), which makes up 54.09% 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 three industries being Oil seeds and oleaginous fruits (HS 12, 29.35%), Meat and edible meat offal (HS 02, 17.40%), and Mineral fuels (HS 27, 10.89%). Together, these sectors account for 57.64% 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.