Top Paraguay Imports 2023 Q1: Market Insights

Paraguay Import Portfolio Overview in 2023 Q1

• Electrical machinery and equipment (HS 85) dominate imports at 20.6% ($781M), followed by mineral fuels (HS 27) at 15.7% ($595M).
• High concentration risk exists, with the top two sectors representing over 36% of total import value.
• This reflects Paraguay’s heavy reliance on imported capital goods and energy, underscoring its role as an agro-industrial economy dependent on external inputs for production and infrastructure.

Table: Paraguay Top Import Product in 2023 Q1 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• HS 8517 (telephone sets, including smartphones) drives 67.9% of sector value at $530M.
• Product type: finished consumer and capital goods.
• Dominance stems from Paraguay’s integration into global digital supply chains, serving both domestic consumption and re-export dynamics within Mercosur, highlighting reliance on foreign tech manufacturing.

Table: HS Code 85 Detailed Breakdown

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Mineral Fuels

• HS 2710 (petroleum oils) accounts for 92.8% of sector value at $552M.
• Acts as a complement to machinery imports, providing essential energy for industrial and transport sectors.
• Strategic importance is critical: Paraguay, lacking major domestic oil production, depends entirely on imports to sustain economic activity and logistics.

Table: HS Code 27 Detailed Breakdown

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Nuclear Reactors and Machinery

• HS 8471 (automatic data processing machines) leads at 25.7% of sector value ($115M).
• Role: stable legacy import supporting administrative and industrial automation.
• Reinforces Paraguay’s position as an economy modernizing its agro-industrial base through imported technology, though secondary to consumer electronics in scale.

Table: HS Code 84 Detailed Breakdown

Access Paraguay Complete Import Profile

Frequently Asked Questions

What is Paraguay's largest import commodity in 2023 Q1?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $781.40M. This sector is primarily driven by imports of Telephone sets, including smartphones (HS 8517), which alone account for 67.85% of the sector's total value.

Which specific Electrical machinery products does Paraguay import most in 2023 Q1?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $530.21M), Insulated wires and cables (HS 8544, $34.27M), and Monitors and projectors (HS 8528, $28.32M), which together account for 75.86% of the sector's imports.

Does Paraguay import Mineral fuels in 2023 Q1?

Yes. Mineral fuels, mineral oils, and related products (HS 27) are the second-largest import sector, valued at $594.59M. The primary driver is Petroleum oils and oils from bituminous minerals (HS 2710), which make up 92.82% of the sector's imports.

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, $781.40M)
2. Mineral fuels (HS 27, $594.59M)
3. Machinery and mechanical appliances (HS 84, $447.96M)

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.