Top Paraguay Imports 2024 Q4: Market Insights

Paraguay Import Portfolio Overview in 2024 Q4

• Dominated by industrial and energy inputs: electrical machinery (15.3%, $697M) and machinery/mechanical appliances (12.6%, $575M).
• High concentration risk: top three sectors (electrical, machinery, fuels) represent 40% of import value, creating vulnerability to supply chain or price shocks.
• Reflects Paraguay’s role as an agro-industrial economy dependent on imported capital goods and energy to sustain production and processing capacity.

Table: Paraguay Top Import Product in 2024 Q4 (Source: yTrade)

Get Complete Paraguay Import HS Code Breakdown

Import Key Driver: Electrical Machinery and Equipment

• Dominated by HS 8517: telephone sets, including smartphones, at $328M (47% of sector).
• Product type: finished consumer and communication goods.
• Insight: high import volume signals strong domestic demand for connectivity and digital services, likely driven by urbanization and commercial expansion, rather than local manufacturing capacity.

Table: HS Code 85 Detailed Breakdown

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Import Key Driver: Nuclear Reactors, Boilers, Machinery

• Top product: HS 8471 (automatic data processing machines, $91M, 16% of sector).
• Acts as a complement to electrical imports, supplying essential capital goods for business infrastructure and agro-industrial operations.
• Strategic importance: enables efficiency in agriculture (e.g., processing, logistics) and supports services sector digitization.

Table: HS Code 84 Detailed Breakdown

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Import Key Driver: Mineral Fuels and Oils

• Overwhelmingly driven by HS 2710: petroleum oils ($522M, 96% of sector).
• Role: stable, legacy dependency. Paraguay relies heavily on imported fuel—despite hydropower capacity—for transport and industrial energy, indicating limited refining capability and logistical gaps in energy sovereignty.

Table: HS Code 27 Detailed Breakdown

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Frequently Asked Questions

What is Paraguay's largest import commodity in 2024 Q4?

The largest import category is Electrical machinery and equipment and parts thereof (HS 85), valued at $697.27M. This sector is primarily driven by imports of Telephone sets, including smartphones (HS 8517), which alone account for 47.07% of the sector's total value.

Which specific Electrical machinery products does Paraguay import most in 2024 Q4?

Within the Electrical machinery sector, the top imports are Telephone sets (HS 8517, $328.23M), Insulated wires and cables (HS 8544, $52.70M), and Monitors and projectors (HS 8528, $40.59M), which together account for 56.45% of the sector's imports.

Does Paraguay import Nuclear reactors and machinery in 2024 Q4?

Yes. Nuclear reactors, boilers, and machinery (HS 84) is the second-largest import sector, valued at $574.62M. The primary driver is Automatic data processing machines (HS 8471), which alone contribute 15.90% ($91.35M) to the sector.

What are the main industries driving Paraguay's economy?

Paraguay's import economy is heavily reliant on three sectors:

1. Electrical machinery (HS 85, $697.27M)
2. Nuclear reactors and machinery (HS 84, $574.62M)
3. Mineral fuels and oils (HS 27, $545.94M).
   Together, these account for 39.9% of total imports, indicating a concentrated reliance on industrial and energy inputs.

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 verified importers.