Paraguay - United States Trade 2024 Q3: Deficit & Resource Exchange
Key Market Takeaways: Paraguay - United States Trade
The bilateral trade relationship between Paraguay and United States shows volatile growth and a persistent deficit in Q3 2024.
- Deficit-Driven Trade: Paraguay runs a -$186.6M trade deficit with the U.S. ($107.45M exports vs. $294.05M imports), reflecting heavy reliance on American goods.
- Resource-for-Tech Exchange: Paraguay - United States trade statistics reveal a complementary structure—meat and oilseeds (54.5% of exports) for U.S. energy (49.1% of imports) and machinery.
- Asymmetric Dependency: Paraguay’s energy security hinges on U.S. fuel imports, while the U.S. dominates higher-value manufacturing trade.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-United States Trade Trend in Q3 2024
Paraguay Export Performance: Shipments to United States
- Total Volume: $107.45M in Q3 2024.
- Growth Trend & Context:
- YoY swings were volatile: +71.76% in July, -26.84% in August, and +56.98% in September. No clear directional trend.
- Key Volatility: August saw a -21.3% MoM drop, while September rebounded with +26.01% MoM growth.
Paraguay Import Performance: Sourcing from United States
- Total Volume: $294.05M in Q3 2024.
- Growth Trend & Context:
- Consistently negative YoY trends: +1.23% in July, -33.58% in August, and -27.47% in September.
- Key Volatility: August recorded the sharpest MoM decline (-32.45%), followed by a partial recovery in September (+10.68%).
Paraguay - United States Trade Balance & Market Dynamics
- Net Position: Trade deficit of -$186.6M (Exports $107.45M vs. Imports $294.05M).
- Relationship Status: Paraguay remains heavily dependent on imports from the U.S., with exports failing to offset the deficit.
Paraguay Import Trend from United States 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 121.35M | 18.09% | 1.23% |
| Aug | 81.97M | -32.45% | -33.58% |
| Sep | 90.73M | 10.68% | -27.47% |
| Total | 294.05M | - | - |
Paraguay Export Trend to United States 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 38.67M | 15.33% | 71.76% |
| Aug | 30.43M | -21.3% | -26.84% |
| Sep | 38.35M | 26.01% | 56.98% |
| Total | 107.45M | - | - |
Get Historical Paraguay United States Trade Records
Paraguay-United States Top Trading Products in Q3 2024
Paraguay Export Profile: What Does Paraguay Sell to United States
- Top Commodity: Rank #1 export is HS 02 (Meat and edible meat offal) with a 35.10% share.
- Demand Driver: United States buys these primarily for consumer market needs, indicating strong demand for Paraguayan meat products.
- Concentration: Trade is moderately concentrated, with the top two categories (HS 02 and HS 12) accounting for 54.54% of total exports.
Paraguay Import Profile: What Does Paraguay Buy from United States
- Top Commodity: Rank #1 import is HS 27 (Mineral fuels, oils, distillation products) with a 49.14% share.
- Dependency Nature: Reflects energy security dependency, as Paraguay relies heavily on U.S. fuel imports.
Paraguay - United States Trade Relationship Dynamics
- The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw materials (meat, oilseeds) and imports energy and machinery from the U.S.
- Value Chain Position: The U.S. holds the higher value-add position, supplying advanced goods (HS 84, 85, 90) while Paraguay provides agricultural commodities.
Import Analysis by Product: United States to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 27 | 144.49M | 49.14% |
| 84 | 21.06M | 7.16% |
| 85 | 14.81M | 5.04% |
| 31 | 14.21M | 4.83% |
| 87 | 14.09M | 4.79% |
| 33 | 12.63M | 4.29% |
| 38 | 10.08M | 3.43% |
| 39 | 9.90M | 3.37% |
| 30 | 8.73M | 2.97% |
| 90 | 7.54M | 2.56% |
Export Analysis by Product: Paraguay to United States (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 02 | 37.72M | 35.10% |
| 12 | 20.89M | 19.44% |
| 71 | 9.42M | 8.77% |
| 44 | 6.53M | 6.07% |
| 23 | 5.64M | 5.25% |
| 17 | 4.99M | 4.64% |
| 42 | 4.41M | 4.10% |
| 85 | 4.12M | 3.84% |
| 62 | 2.67M | 2.49% |
| 72 | 2.55M | 2.38% |
Check Detailed Paraguay-United States Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
The Paraguay - United States trade relationship in Q4 2024 is likely to remain volatile, with Paraguay’s export growth swinging unpredictably while imports from the U.S. continue their downward trend. The persistent trade deficit underscores Paraguay’s heavy reliance on U.S. energy imports, a vulnerability that could worsen if global fuel prices spike. However, strong U.S. demand for Paraguayan meat (HS 02) may stabilize export revenues if producers capitalize on this niche. Without structural shifts, the trade imbalance will persist, leaving Paraguay exposed to external shocks.
Strategic Moves
- Diversify Energy Sources: Reduce dependency on U.S. fuel imports (HS 27) by securing alternative suppliers or investing in domestic renewable energy infrastructure.
- Lock in Meat Export Contracts: Paraguayan meat exporters should negotiate long-term agreements with U.S. buyers to stabilize revenue streams amid volatile monthly swings.
- Boost Value-Added Exports: Shift focus from raw commodities to processed goods (e.g., pre-packaged meats) to capture higher margins and reduce reliance on low-value agricultural exports.
Frequently Asked Questions
How did Paraguay - United States trade perform in 2024 Q3?
Paraguay exported $107.45M to the U.S. with volatile YoY growth, while imports totaled $294.05M, showing consistent YoY declines.
What are the top exports from Paraguay to United States?
The top export is HS 02 (Meat and edible meat offal), accounting for 35.10% of total exports, followed by HS 12 (Oilseeds and misc. grains).
What does Paraguay import from United States?
The top import is HS 27 (Mineral fuels, oils, distillation products), making up 49.14% of imports, reflecting Paraguay’s energy dependency on the U.S.
What is the trade balance between Paraguay and United States?
Paraguay recorded a trade deficit of -$186.6M, driven by higher imports of fuels and machinery compared to agricultural exports.
Paraguay - United States Trade 2024 Q2: Deficit & Growth
Paraguay's trade deficit with the U.S. hit $205.88M in Q2 2024, as meat exports surged 66.66% but energy imports dominated. Explore Paraguay United States trade trends & top trading products via yTrade data.
Paraguay - United States Trade 2024 Q4: Deficit Amid Export Surge
Paraguay's United States trade trend shows a $109.58M deficit despite a 150.28% export surge. Top trading products include meat (48.1%) and U.S. energy (28.3%). Data via yTrade.
