Top Paraguay Imports 2024 Q2: Market Shift

Paraguay Import Portfolio Overview in 2024 Q2

• Electrical machinery (HS 85) leads at $799M (18.7%), followed by mineral fuels (HS 27) at $639M (15.0%).
• High concentration risk: top two sectors account for 33.7% of total import value, reflecting heavy reliance on energy and industrial inputs.
• This structure underscores Paraguay’s role as an agro-industrial economy dependent on imported energy and capital goods to sustain production and infrastructure.

Table: Paraguay Top Import Product in 2024 Q2 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• Dominated by telephone sets (HS 8517) at $374M, 46.8% of the sector.
• Product type: finished consumer and intermediate goods for communication and power distribution.
• Driven by urbanization, digital adoption, and replacement demand—Paraguay lacks domestic electronics manufacturing, relying on imports to meet growing connectivity and energy management needs.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Mineral Fuels, Mineral Oils and Products

• Overwhelmingly led by diesel (HS 2710) at $594M, 92.9% of the sector.
• Acts as a complement to machinery imports, providing essential energy for transport, agriculture, and industry.
• Strategic for an economy with limited oil reserves; diesel is critical for agro-logistics, power generation, and machinery operation.

Table: HS Code 27 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Top product: automatic data processing machines (HS 8471) at $107M, 21.6% of the sector.
• Role: stable legacy import—foundational for administrative, commercial, and industrial automation.
• Supports efficiency in agriculture, services, and public sector, reflecting gradual modernization rather than breakout growth.

Table: HS Code 84 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2024 Q2?

The largest import category is Electrical machinery and equipment (HS 85), valued at $799.35M. This sector is primarily driven by imports of Telephone sets (HS 8517), which alone account for 46.81% of the total value.

Which specific Electrical machinery products does Paraguay import most in 2024 Q2?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $374.16M), Electrical machines and apparatus (HS 8543, $135.75M), and Insulated wires and cables (HS 8544, $45.56M), which together account for 69.49% of the sector's imports.

Does Paraguay import Mineral fuels in 2024 Q2?

Yes. Mineral fuels (HS 27) is the second-largest import sector, valued at $639.43M, primarily driven by Petroleum oils (HS 2710), which make up 92.92% of the category.

What are the main industries driving Paraguay's economy?

The top 3 import industries are Electrical machinery (HS 85, $799.35M), Mineral fuels (HS 27, $639.43M), and Machinery & mechanical appliances (HS 84, $494.49M). Paraguay's economy is heavily reliant on Electrical machinery, which dominates nearly 19% 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.