Top Paraguay Imports 2023: Market Insights

Paraguay Import Portfolio Overview in 2023 Whole Year

• Electrical machinery and equipment led imports at $3.28B (20.37%), followed by mineral fuels at $2.11B (13.08%).
• High concentration risk: Top 3 sectors (electrical, fuels, machinery) account for over 45% of total import value.
• This structure reflects Paraguay’s role as an energy-exporter dependent on imported capital goods and refined fuels to sustain industrial and agricultural output.

Table: Paraguay Top Import Product in 2023 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• Dominated by HS 8517 (telephone sets, including smartphones) at $2.08B, representing 63.34% of the sector.
• Product type: Finished consumer goods and communication devices.
• Insight: High import volume signals strong domestic demand for connectivity and digital infrastructure, critical for a landlocked economy integrating into regional value chains.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Mineral Fuels

• Driven overwhelmingly by HS 2710 (petroleum oils) at $1.98B, 94.15% of the sector.
• Acts as a complement to Paraguay’s energy exports: while the country exports electricity, it relies on imported refined fuels for transport and industry.
• Strategic importance: Essential for logistics and mechanized agriculture, the core of Paraguay’s export economy.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• Top product: HS 8471 (automatic data processing machines) at $414.56M, 21.79% of the sector.
• Role: Stable legacy imports of capital goods and agricultural machinery (e.g., tractors HS 8433, harvesters HS 8432) that support agro-industrial productivity and export capacity.

Table: HS Code 84 Detailed Breakdown

Access Paraguay Complete Import Profile

Frequently Asked Questions

What is Paraguay's largest import commodity in 2023 Whole Year?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $3.28B. This sector is primarily driven by imports of Telephone sets, including smartphones (HS 8517), which alone accounted for 63.34% of the sector's total value.

Which specific Electrical machinery products does Paraguay import most in 2023 Whole Year?

Within the Electrical machinery sector, the top imports are Telephone sets, including smartphones (HS 8517) at $2.08B, followed by Insulated wire, cable, and conductors (HS 8544) at $183.73M, and Monitors and projectors (HS 8528) at $139.69M.

Does Paraguay import Mineral fuels and oils in 2023 Whole Year?

Yes. Mineral fuels, mineral oils, and related products (HS 27) were the second-largest import sector, valued at $2.11B. The primary driver was Petroleum oils and oils from bituminous minerals (HS 2710), making up 94.15% of the category.

What are the main industries driving Paraguay's economy?

Paraguay’s import economy is heavily reliant on three key sectors:

1. Electrical machinery (HS 85, $3.28B)
2. Mineral fuels and oils (HS 27, $2.11B)
3. Machinery and mechanical appliances (HS 84, $1.90B)

How to find Paraguay Electrical machinery buyers?

You can access a list of active overseas buyers and importers for Electrical machinery (HS 85) using the yTrade database, which provides detailed shipment records and company contacts.

Detailed Quarterly Report

Paraguay Top Import Product 2023 Q1Paraguay Top Import Product 2023 Q2Paraguay Top Import Product 2023 Q3Paraguay Top Import Product 2023 Q4