Top Paraguay Imports 2024 Q3: Digital & Energy Surge

Paraguay Import Portfolio Overview in 2024 Q3

• Electrical machinery and equipment (HS 85) dominates at 14.36% of total imports, followed closely by mineral fuels and oils (HS 27) at 12.32%.
• High concentration risk exists, with the top two sectors accounting for over a quarter of import value, reflecting heavy reliance on industrial inputs and energy.
• This structure aligns with Paraguay’s role as an emerging agro-industrial economy, dependent on imported capital goods and energy to sustain production and export capacity.

Table: Paraguay Top Import Product in 2024 Q3 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• HS 8517 (telephone sets, including smartphones) drives nearly half (48.29%) of this sector’s imports.
• These are finished consumer and intermediate goods, essential for connectivity and digital infrastructure.
• Dominance stems from Paraguay’s integration into global tech supply chains and rising domestic demand for communication devices, supporting both urban consumption and rural connectivity.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Mineral Fuels and Oils

• HS 2710 (petroleum oils) accounts for 95.18% of this sector, highlighting near-total reliance on refined fuels.
• Acts as a critical complement to machinery imports, powering industrial operations, transport, and agricultural machinery.
• Strategic importance is acute: despite hydroelectric energy exports, Paraguay lacks refining capacity, making fuel imports non-negotiable for 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 at 17.02%, underscoring demand for computing hardware.
• This is a stable legacy sector, essential for modernizing Paraguay’s administrative, financial, and agricultural processing systems.
• Reflects steady investment in productivity-enhancing technology, supporting efficiency gains in key export sectors like agriculture and manufacturing.

Table: HS Code 84 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2024 Q3?

The largest import category is Electrical machinery and equipment (HS 85), valued at $626.60M. This sector is primarily driven by imports of Telephone sets and other communication devices (HS 8517), which alone account for 48.29% of the sector's total value.

Which specific Electrical machinery products does Paraguay import most in 2024 Q3?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $302.56M), Insulated wires and cables (HS 8544, $54.26M), and Monitors and projectors (HS 8528, $33.42M), which together account for 62.28% of the sector's imports.

Does Paraguay import Mineral fuels and oils in 2024 Q3?

Yes. Mineral fuels and oils (HS 27) is the second-largest import sector, valued at $537.48M, primarily driven by Petroleum oils (HS 2710), which alone make up 95.18% 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, $626.60M)
2. Mineral fuels and oils (HS 27, $537.48M)
3. Machinery and mechanical appliances (HS 84, $527.83M)

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.