Paraguay - Uruguay Trade 2023 Whole Year: $174M Surplus
Key Market Takeaways: Paraguay - Uruguay Trade
The bilateral trade relationship between Paraguay and Uruguay is marked by Paraguay's strong export leverage and volatile monthly performance in 2023.
- Economic Pulse: Paraguay holds a $173.97M trade surplus ($291.20M exports vs. $117.23M imports), with exports more than doubling imports. Growth was uneven, with sharp monthly swings (e.g., +183.51% YoY in October, -50.3% MoM in December).
- Exchange Structure: Paraguay - Uruguay trade statistics reveal a resource-for-resource complementarity: Paraguay supplies raw agricultural goods (cereals, animal feed) while importing processed products (milling outputs, pharmaceuticals) from Uruguay. The top 3 exports make up 62.57% of trade.
- Strategic Interdependence: Uruguay adds value to Paraguay’s bulk commodities, reflecting a supply chain where Paraguay remains upstream and Uruguay downstream.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Uruguay Trade Trend in Whole Year 2023
Paraguay Export Performance: Shipments to Uruguay
- Total Volume: $291.20M in 2023.
- Growth Trend & Context:
- Mixed YoY performance: Strong growth in Jan (+93.14%), Apr (+120.66%), Oct (+183.51%), and Nov (+183.14%) offset sharp declines in Jun (-38.04%) and Jul (-19.08%).
- Key Volatility: October saw the highest MoM surge (+64.9%), while December recorded the steepest drop (-50.3%).
Paraguay Import Performance: Sourcing from Uruguay
- Total Volume: $117.23M in 2023.
- Growth Trend & Context:
- Predominantly negative YoY trends, with only Feb (+0.28%) and May (+8.48%) showing growth.
- Key Volatility: May had the largest MoM jump (+110.16%), while September posted the deepest YoY decline (-49.13%).
Paraguay - Uruguay Trade Balance & Market Dynamics
- Net Position: Paraguay holds a trade surplus of $173.97M (Exports $291.20M vs. Imports $117.23M).
- Relationship Status: Paraguay is a net exporter to Uruguay, with exports more than double imports, indicating strong outward trade leverage.
Paraguay Import Trend from Uruguay 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 7.53M | -36.08% | -28.16% |
| Feb | 11.47M | 52.35% | 0.28% |
| Mar | 8.52M | -25.68% | -17.62% |
| Apr | 6.17M | -27.54% | -38.34% |
| May | 12.98M | 110.16% | 8.48% |
| Jun | 7.72M | -40.5% | -45.07% |
| Jul | 11.31M | 46.49% | -15.49% |
| Aug | 13.79M | 21.9% | -12.07% |
| Sep | 8.34M | -39.5% | -49.13% |
| Oct | 10.16M | 21.8% | -25.14% |
| Nov | 11.01M | 8.38% | -26.4% |
| Dec | 8.23M | -25.3% | -30.15% |
| Total | 117.23M | - | - |
Paraguay Export Trend to Uruguay 2023 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 14.16M | -14.36% | 93.14% |
| Feb | 14.33M | 1.22% | 36.78% |
| Mar | 19.79M | 38.13% | 2.47% |
| Apr | 24.27M | 22.62% | 120.66% |
| May | 20.90M | -13.9% | 53.88% |
| Jun | 14.99M | -28.26% | -38.04% |
| Jul | 23.32M | 55.58% | -19.08% |
| Aug | 21.64M | -7.23% | 4.61% |
| Sep | 24.55M | 13.45% | 27.73% |
| Oct | 40.48M | 64.9% | 183.51% |
| Nov | 48.61M | 20.08% | 183.14% |
| Dec | 24.16M | -50.3% | 46.16% |
| Total | 291.20M | - | - |
Get Historical Paraguay Uruguay Trade Records
Paraguay-Uruguay Top Trading Products in Whole Year 2023
Paraguay Export Profile: What Does Paraguay Sell to Uruguay
- Top Commodity: Cereals (HS Code 10) dominate exports, accounting for 29.98% of total trade value.
- Demand Driver: Uruguay likely imports these for food security or industrial processing (e.g., animal feed, milling).
- Concentration: The top 3 exports (HS Codes 10, 23, 12) make up 62.57% of trade, indicating moderate reliance on agricultural products.
Paraguay Import Profile: What Does Paraguay Buy from Uruguay
- Top Commodity: Milling products (HS Code 11) lead imports with a 20.70% share.
- Dependency Nature: Imports are primarily agricultural (HS Codes 11, 04) and industrial inputs (HS Codes 38, 30), suggesting a mix of food security and manufacturing dependencies.
Paraguay - Uruguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Resource Complementarity. Paraguay exports raw agricultural goods (cereals, animal feed) and imports processed agricultural products (milling outputs, pharmaceuticals).
- Value Chain Position: Uruguay holds a higher value-add position, exporting processed goods (HS Codes 30, 38) while Paraguay supplies bulk commodities (HS Codes 10, 23).
Import Analysis by Product: Uruguay to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 11 | 24.26M | 20.70% |
| 38 | 15.70M | 13.39% |
| 30 | 14.65M | 12.50% |
| 39 | 7.79M | 6.64% |
| 31 | 7.44M | 6.35% |
| 25 | 5.41M | 4.62% |
| 04 | 5.40M | 4.61% |
| 96 | 4.66M | 3.98% |
| 48 | 4.14M | 3.53% |
| 34 | 3.54M | 3.02% |
Export Analysis by Product: Paraguay to Uruguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 10 | 87.29M | 29.98% |
| 23 | 60.95M | 20.93% |
| 12 | 33.95M | 11.66% |
| 02 | 31.38M | 10.78% |
| 15 | 16.24M | 5.58% |
| 30 | 6.75M | 2.32% |
| 44 | 5.62M | 1.93% |
| 73 | 5.59M | 1.92% |
| 08 | 5.07M | 1.74% |
| 24 | 3.83M | 1.32% |
Check Detailed Paraguay-Uruguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade surplus with Uruguay is expected to widen in 2024, driven by sustained demand for its agricultural exports, particularly cereals (HS Code 10). However, volatility in monthly shipments—evident in 2023’s erratic YoY swings—calls for caution. Uruguay’s reliance on processed imports (e.g., milling products, pharmaceuticals) suggests Paraguay should prioritize value-add strategies to reduce its dependency on low-margin bulk commodities. The Paraguay-Uruguay trade forecast hinges on stabilizing supply chains and capitalizing on Uruguay’s need for cost-effective raw materials.
Strategic Moves
- Lock in Long-Term Cereal Contracts: Exporters should secure multi-year agreements with Uruguayan buyers to mitigate price fluctuations and ensure stable revenue streams.
- Upgrade Agro-Processing Capacity: Paraguay must invest in domestic milling and refining (HS Codes 11, 12) to capture higher margins and reduce reliance on Uruguayan processed imports.
- Diversify Export Markets: While Uruguay remains a key partner, traders should explore alternative buyers in regional blocs like Mercosur to buffer against demand shocks.
Frequently Asked Questions
How did Paraguay - Uruguay trade perform in 2023 Whole Year?
Paraguay exported $291.20M to Uruguay and imported $117.23M, with mixed YoY growth in exports and predominantly negative trends in imports.
What are the top exports from Paraguay to Uruguay?
Cereals (HS Code 10) dominate Paraguay’s exports to Uruguay, followed by animal feed (HS Code 23) and other agricultural products, accounting for 62.57% of total trade.
What does Paraguay import from Uruguay?
Milling products (HS Code 11) lead Paraguay’s imports from Uruguay, alongside dairy (HS Code 04) and industrial inputs like pharmaceuticals (HS Code 30).
What is the trade balance between Paraguay and Uruguay?
Paraguay holds a trade surplus of $173.97M with Uruguay, as exports more than double imports, reinforcing its net exporter position.
Paraguay - United States Trade 2025 Q2: Deficit & Resource Exchange
Paraguay's trade deficit with the U.S. hits $201M in Q2 2025, driven by meat exports and energy imports. Explore Paraguay United States trade trends and top trading products via yTrade data.
Paraguay - Uruguay Trade 2023 Q1: $20.76M Surplus
Paraguay Uruguay trade trend shows a $20.76M surplus in Q1 2023, with agricultural exports leading. Discover Paraguay Uruguay top trading product insights via yTrade data.
