Top Paraguay Imports 2023 Q4: Tech & Fuel Dominance

Paraguay Import Portfolio Overview in 2023 Q4

• Electrical machinery (HS 85) dominates at 21.8% of imports, followed by industrial machinery (HS 84) at 11.6% and mineral fuels (HS 27) at 11.5%.
• High concentration risk exists with the top three sectors comprising nearly 45% of total import value, reflecting heavy dependence on capital goods and energy inputs.
• This structure confirms Paraguay's role as an agro-industrial economy importing technology and fuel to support its export-oriented agricultural production and processing sectors.

Table: Paraguay Top Import Product in 2023 Q4 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery

• HS 8517 (telephone sets, including smartphones) accounts for 61.2% of sector imports, totaling $579.6M.
• These are finished consumer goods, indicating strong domestic demand for communication technology and digital infrastructure.
• Paraguay’s growing services sector and urban consumer base drive this import dependency, as local manufacturing capacity remains limited.

Table: HS Code 85 Detailed Breakdown

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Nuclear Reactors & Machinery

• HS 8471 (automatic data processing machines) leads with 19.5% of sector value, highlighting imports of computers and servers.
• This sector complements electrical machinery imports by supplying essential hardware for Paraguay’s commercial and administrative digitalization.
• Strategic importance lies in supporting productivity gains in agriculture, logistics, and public services, though it deepens reliance on foreign technology.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Mineral Fuels

• HS 2710 (petroleum oils) constitutes 95.9% of the sector, reflecting nearly total dependence on imported refined fuels.
• This is a stable, high-volume legacy import due to Paraguay’s lack of domestic refining capacity and energy-intensive agro-industry.
• Persistent reliance on fuel imports exposes the economy to global price volatility, despite hydropower capacity for electricity generation.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2023 Q4?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $947.05M. This sector is primarily driven by imports of Telephone sets, including smartphones (HS 8517), which alone account for 61.20% of the sector's total value.

Which specific Electrical machinery products does Paraguay import most in 2023 Q4?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $579.57M), Insulated wires and cables (HS 8544, $48.73M), and Monitors and projectors (HS 8528, $46.01M), which together account for 71.21% of the sector's imports.

Does Paraguay import Nuclear reactors and machinery in 2023 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $504.83M. The primary driver is Automatic data processing machines (HS 8471), which make up 19.48% of the sector's imports.

What are the main industries driving Paraguay's economy?

Paraguay's economy is heavily reliant on imports of Electrical machinery (HS 85, $947.05M), followed by Nuclear reactors and machinery (HS 84, $504.83M) and Mineral fuels (HS 27, $498.17M). Together, these three sectors account for 44.87% of total imports.

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 for Paraguay's top importers.