Top Paraguay Imports 2024 Q1: Tech & Fuel Dominance

Paraguay Import Portfolio Overview in 2024 Q1

• Electrical machinery (HS 85) dominates at 21.1% ($818M), followed by mineral fuels (HS 27) at 14.3% ($553M).
• High concentration risk: top two sectors represent over 35% of total imports, indicating reliance on capital goods and energy inputs.
• This structure reflects Paraguay’s role as an emerging industrial and agricultural exporter dependent on imported machinery and fuel for production and processing.

Table: Paraguay Top Import Product in 2024 Q1 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• Dominated by HS 8517 (telephone sets, including smartphones), accounting for 58.8% ($481M) of the sector.
• Product type: finished consumer and intermediate goods, indicating assembly or distribution hub activity.
• Driven by Paraguay’s strategic position in Mercosur, serving as a logistics and trade node for electronics entering regional markets, supported by low tariffs and competitive distribution networks.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Mineral Fuels, Mineral Oils

• Overwhelmingly led by HS 2710 (petroleum oils), representing 96.7% ($535M) of the sector.
• Acts as a complement to machinery imports, providing essential energy for industrial operations and transportation.
• Critical for sustaining Paraguay’s agro-industrial and manufacturing output, given limited domestic oil production and reliance on imported energy.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Top product is HS 8471 (automatic data processing machines), comprising 24.1% ($115M) of the sector.
• Represents stable, legacy demand for industrial and IT infrastructure, supporting both agriculture and services.
• Essential for modernization and efficiency gains in key export sectors like soy processing and beef production.

Table: HS Code 84 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2024 Q1?

The largest import category is Electrical machinery and equipment (HS 85), valued at $818.08M. This sector is primarily driven by imports of Telephone sets and other communication devices (HS 8517), which alone account for $480.65M (58.75%) of the total.

Which specific Electrical machinery products does Paraguay import most in 2024 Q1?

Within the Electrical machinery sector, the top imports are:

1. Telephone sets and communication devices (HS 8517) - $480.65M (58.75%)
2. Electrical machines and apparatus (HS 8543) - $80.27M (9.81%)
3. Insulated wires and cables (HS 8544) - $36.80M (4.50%)

Does Paraguay import Mineral fuels and oils in 2024 Q1?

Yes. Mineral fuels and oils (HS 27) is the second-largest import sector, valued at $552.83M. The primary driver is Petroleum oils (HS 2710), which alone accounts for $534.54M (96.69%) of the total.

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) - $818.08M (21.14%)
2. Mineral fuels and oils (HS 27) - $552.83M (14.29%)
3. Machinery and mechanical appliances (HS 84) - $477.04M (12.33%)

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.