Top Paraguay Imports 2024: Electronics & Fuels Lead

Paraguay Import Portfolio Overview in 2024 Whole Year

• Electrical machinery and equipment (HS 85) dominates at 17.24% ($2.94B), followed by mineral fuels (HS 27) at 13.34% ($2.28B).
• High concentration risk: Top two sectors account for over 30% of total imports, exposing the economy to supply chain and price volatility in energy and technology.
• This structure reflects Paraguay’s role as an emerging agro-industrial economy dependent on imported energy and capital goods to sustain production and infrastructure.

Table: Paraguay Top Import Product in 2024 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• HS 8517 ("Telephones, including smartphones") is the dominant product, accounting for 50.51% ($1.49B) of sector imports.
• Product type: Finished consumer and intermediate goods, indicating reliance on foreign technology for both domestic consumption and integration into local services.
• Insight: High import volume underscores limited local electronics manufacturing and strong consumer demand for communication devices, driven by urbanization and digital service expansion.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Mineral Fuels

• HS 2710 ("Petroleum oils") is the core product, representing 95.02% ($2.16B) of the sector.
• Acts as a complement to machinery imports: Energy inputs power industrial and transport sectors reliant on imported equipment.
• Strategic importance: Paraguay’s lack of major domestic oil production makes fuel imports critical for agriculture, transport, and electricity generation, directly supporting economic activity.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors and Machinery

• HS 8471 ("Automatic data processing machines") leads with 19.42% ($402.75M) of sector value.
• Role: Stable legacy import—machinery and tech infrastructure enable agro-industrial processing, manufacturing efficiency, and administrative modernization.
• Supports broader economic diversification but remains secondary to core energy and electronics needs.

Table: HS Code 84 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2024 Whole Year?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $2.94B. This sector is primarily driven by imports of Telephone sets, including smartphones (HS 8517), which alone account for 50.51% of the sector's value.

Which specific Electrical machinery products does Paraguay import most in 2024 Whole Year?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $1.49B), Semiconductor devices (HS 8543, $254.88M), and Insulated wires and cables (HS 8544, $189.33M), which together account for 65.62% of the sector's total imports.

Does Paraguay import Mineral fuels, mineral oils, and products of their distillation in 2024 Whole Year?

Yes. Mineral fuels and oils (HS 27) is Paraguay's second-largest import sector, valued at $2.28B. The primary driver is Petroleum oils and oils from bituminous minerals (HS 2710), which alone represents 95.02% 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, $2.94B)
2. Mineral fuels and oils (HS 27, $2.28B)
3. Nuclear reactors and machinery (HS 84, $2.07B)
   Together, these account for 42.74% of total imports, indicating a moderate concentration in industrial and energy-related goods.

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 HS 8517 (telephone sets) and other high-demand products.

Detailed Quarterly Report

Paraguay Top Import Product 2024 Q1Paraguay Top Import Product 2024 Q2Paraguay Top Import Product 2024 Q3Paraguay Top Import Product 2024 Q4