Paraguay - United States Trade 2023 Q2: Deficit & Resource Exchange
Key Market Takeaways: Paraguay - United States Trade
The bilateral trade relationship between Paraguay and United States shows mixed growth with high volatility in 2023 Q2.
- Trade Deficit Dominates: Paraguay runs a $249.2M deficit with the U.S. ($60.35M exports vs. $309.55M imports), reflecting heavy import reliance.
- Resource-for-Tech Exchange: Paraguay - United States trade statistics reveal a complementary flow: agricultural raw materials (oilseeds, grains) for U.S. energy (mineral fuels) and machinery.
- Asymmetrical Dependency: Paraguay’s energy security hinges on U.S. refined petroleum (49.44% of imports), while the U.S. sources industrial inputs from Paraguay.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-United States Trade Trend in Q2 2023
Paraguay Export Performance: Shipments to United States
- Total Volume: $60.35M in Q2 2023.
- Growth Trend & Context:
- YoY growth was mixed: April surged (+41.55%), but momentum faded by June (+2.17%).
- No significant trade news to explain fluctuations.
- Key Volatility: May saw a -4.79% MoM drop, though June rebounded slightly (+2.53%).
Paraguay Import Performance: Sourcing from United States
- Total Volume: $309.55M in Q2 2023.
- Growth Trend & Context:
- Volatile YoY trends: May imports spiked (+51.21%), but April and June declined (-21.53% and -20.15%, respectively).
- Key Volatility: May recorded a sharp 73.2% MoM surge, while April dropped -21.0%.
Paraguay - United States Trade Balance & Market Dynamics
- Net Position: Trade deficit of $249.2M (Exports: $60.35M vs. Imports: $309.55M).
- Relationship Status: Paraguay remains heavily import-dependent on the U.S., with Q2 imports exceeding exports by 5x.
Paraguay Import Trend from United States 2023 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 68.37M | -21.0% | -21.53% |
| May | 118.42M | 73.2% | 51.21% |
| Jun | 122.75M | 3.66% | -20.15% |
| Total | 309.55M | - | - |
Paraguay Export Trend to United States 2023 Q2 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Apr | 20.61M | -14.14% | 41.55% |
| May | 19.62M | -4.79% | 8.36% |
| Jun | 20.12M | 2.53% | 2.17% |
| Total | 60.35M | - | - |
Get Historical Paraguay United States Trade Records
Paraguay-United States Top Trading Products in Q2 2023
Paraguay Export Profile: What Does Paraguay Sell to United States
- Top Commodity: Rank #1 export is HS Code 12 (Oilseeds, grains, seeds, fruits) at 18.37% of total exports.
- Demand Driver: United States buys these for industrial processing (e.g., food production, biofuels).
- Concentration: Trade is moderately diversified, with no single category exceeding 50% share.
Paraguay Import Profile: What Does Paraguay Buy from United States
- Top Commodity: Rank #1 import is HS Code 27 (Mineral fuels, oils) at 49.44% of total imports.
- Dependency Nature: Reflects energy security dependency, as Paraguay relies on U.S. for refined petroleum products.
Paraguay - United States Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports agricultural raw materials (HS 12, 35, 44) and imports energy (HS 27) and machinery (HS 84, 85).
- Value Chain Position: United States holds the higher value-add position, supplying processed energy and machinery, while Paraguay provides primary commodities.
Import Analysis by Product: United States to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 153.04M | 49.44% |
| 38 | 25.51M | 8.24% |
| 84 | 23.30M | 7.53% |
| 31 | 15.76M | 5.09% |
| 87 | 11.58M | 3.74% |
| 33 | 9.85M | 3.18% |
| 85 | 8.84M | 2.85% |
| 39 | 8.65M | 2.79% |
| 55 | 8.07M | 2.61% |
| 22 | 7.59M | 2.45% |
Export Analysis by Product: Paraguay to United States (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 11.08M | 18.37% |
| 42 | 10.78M | 17.86% |
| 35 | 8.07M | 13.37% |
| 44 | 5.13M | 8.51% |
| 23 | 4.51M | 7.47% |
| 71 | 3.79M | 6.28% |
| 85 | 3.38M | 5.60% |
| 62 | 3.00M | 4.96% |
| 72 | 2.14M | 3.55% |
| 74 | 1.88M | 3.12% |
Check Detailed Paraguay-United States Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay - United States trade relationship is likely to remain volatile in the near term, with Paraguay’s export growth showing signs of deceleration despite a strong April performance. The persistent trade deficit, driven by heavy reliance on U.S. energy imports (HS Code 27), suggests structural imbalances that may worsen if commodity prices fluctuate. However, steady demand for Paraguayan agricultural products (HS Code 12) could stabilize export revenues, provided global supply chains remain resilient. Traders should prepare for uneven growth, with potential upside if Paraguay diversifies its export basket or secures preferential trade terms.
Strategic Moves
- Lock in Energy Supply Contracts: Paraguayan importers should negotiate long-term agreements for U.S. mineral fuels (HS Code 27) to mitigate price volatility and ensure stable energy inflows.
- Boost High-Value Agri-Exports: Exporters must pivot toward processed agricultural goods (e.g., refined oils, biofuels) to capture higher margins and reduce reliance on raw commodity shipments.
- Diversify Import Sources: Reduce dependency on U.S. machinery (HS Code 84, 85) by exploring alternative suppliers in Asia or Europe to balance trade flows and lower costs.
Frequently Asked Questions
How did Paraguay - United States trade perform in 2023 Q2?
Paraguay exported $60.35M to the U.S. with mixed YoY growth, while imports totaled $309.55M, showing volatile trends.
What are the top exports from Paraguay to United States?
The top export is HS Code 12 (Oilseeds, grains, seeds, fruits), accounting for 18.37% of total exports.
What does Paraguay import from United States?
The top import is HS Code 27 (Mineral fuels, oils), making up 49.44% of total imports.
What is the trade balance between Paraguay and United States?
Paraguay had a trade deficit of $249.2M, with imports exceeding exports by 5x in Q2 2023.
Paraguay - United States Trade 2023 Q1: Energy Deficit Surge
Paraguay's United States trade trend shows a $251.13M deficit in Q1 2023, driven by energy imports. Explore Paraguay United States top trading product insights with yTrade data.
Paraguay - United States Trade 2023 Q3: Deficit-Driven Exchange
Paraguay's trade deficit with the U.S. hit $279.84M in Q3 2023, driven by energy imports and volatile exports. Explore Paraguay United States trade trends and top trading products via yTrade data.
