Paraguay - Uruguay Trade 2024 Whole Year: $128M Surplus
Key Market Takeaways: Paraguay - Uruguay Trade
The bilateral trade relationship between Paraguay and Uruguay is marked by growth, volatility, and a strong trade surplus in 2024.
- Economic Pulse: Paraguay holds a $128.26M trade surplus with Uruguay ($245.64M exports vs. $117.38M imports), though both flows show sharp monthly swings.
- Exchange Structure: Paraguay - Uruguay trade statistics reveal a resource-for-food complementarity—Paraguay exports bulk agricultural goods (e.g., oilseeds) while importing processed food and pharmaceuticals.
- Strategic Interdependence: The partnership is highly complementary, with Uruguay adding value to Paraguay’s raw exports through industrial processing.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Uruguay Trade Trend in Whole Year 2024
Paraguay Export Performance: Shipments to Uruguay
- Total Volume: $245.64M in 2024.
- Growth Trend & Context:
- Volatile YoY performance, with sharp swings (e.g., +143.31% in Feb, -72.54% in Nov).
- No specific trade news to contextualize trends.
- Key Volatility:
- February saw a 160.51% MoM surge, while March dropped -73.68% MoM.
Paraguay Import Performance: Sourcing from Uruguay
- Total Volume: $117.38M in 2024.
- Growth Trend & Context:
- Mixed YoY trends, ranging from +35.59% in Jan to -37.93% in Aug.
- Key Volatility:
- July recorded the highest monthly value ($13.77M, +75.22% MoM), while March hit the lowest ($6.84M).
Paraguay - Uruguay Trade Balance & Market Dynamics
- Net Position: Trade Surplus of $128.26M (Exports $245.64M vs. Imports $117.38M).
- Relationship Status: Paraguay is a net exporter to Uruguay, with exports more than double imports.
Paraguay Import Trend from Uruguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 10.21M | 24.07% | 35.59% |
| Feb | 9.53M | -6.58% | -16.86% |
| Mar | 6.84M | -28.28% | -19.76% |
| Apr | 6.87M | 0.4% | 11.19% |
| May | 10.05M | 46.33% | -22.58% |
| Jun | 7.86M | -21.76% | 1.8% |
| Jul | 13.77M | 75.22% | 21.77% |
| Aug | 8.56M | -37.86% | -37.93% |
| Sep | 11.13M | 30.06% | 33.44% |
| Oct | 13.45M | 20.83% | 32.37% |
| Nov | 10.31M | -23.36% | -6.4% |
| Dec | 8.81M | -14.49% | 7.16% |
| Total | 117.38M | - | - |
Paraguay Export Trend to Uruguay 2024 Whole Year (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jan | 13.38M | -44.6% | -5.46% |
| Feb | 34.86M | 160.51% | 143.31% |
| Mar | 9.18M | -73.68% | -53.63% |
| Apr | 12.17M | 32.56% | -49.87% |
| May | 31.70M | 160.59% | 51.71% |
| Jun | 28.92M | -8.78% | 92.9% |
| Jul | 37.89M | 31.01% | 62.43% |
| Aug | 19.44M | -48.69% | -10.17% |
| Sep | 15.26M | -21.48% | -37.82% |
| Oct | 13.61M | -10.8% | -66.37% |
| Nov | 13.35M | -1.97% | -72.54% |
| Dec | 15.88M | 18.98% | -34.27% |
| Total | 245.64M | - | - |
Get Historical Paraguay Uruguay Trade Records
Paraguay-Uruguay Top Trading Products in Whole Year 2024
Paraguay Export Profile: What Does Paraguay Sell to Uruguay
- Top Commodity: HS Code 12 (34.44% share). Likely oilseeds or grains, given Uruguay's agricultural processing needs.
- Demand Driver: Uruguay uses these for industrial processing (e.g., soybean crushing, livestock feed).
- Concentration: High—top 3 exports (HS 12, 23, 02) account for 61.53% of total exports, indicating reliance on bulk agricultural commodities.
Paraguay Import Profile: What Does Paraguay Buy from Uruguay
- Top Commodity: HS Code 11 (17.31% share). Likely milling products (e.g., flour), suggesting food industry inputs.
- Dependency Nature: Food security dependency, with HS 04 (dairy) and HS 30 (pharmaceuticals) indicating diversified agricultural and medical imports.
Paraguay - Uruguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Food Complementarity. Paraguay exports raw agricultural goods (HS 12, 02) and imports processed food (HS 11, 04) and pharmaceuticals (HS 30).
- Value Chain Position: Uruguay holds higher value-add, exporting processed goods (e.g., pharmaceuticals, dairy) versus Paraguay’s bulk commodity exports.
Import Analysis by Product: Uruguay to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 11 | 20.32M | 17.31% |
| 30 | 17.45M | 14.87% |
| 38 | 15.03M | 12.81% |
| 04 | 8.01M | 6.82% |
| 39 | 6.25M | 5.32% |
| 31 | 5.82M | 4.96% |
| 96 | 5.11M | 4.35% |
| 85 | 4.79M | 4.08% |
| 34 | 3.86M | 3.29% |
| 84 | 2.76M | 2.35% |
Export Analysis by Product: Paraguay to Uruguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 84.60M | 34.44% |
| 23 | 35.35M | 14.39% |
| 02 | 31.19M | 12.70% |
| 10 | 27.70M | 11.28% |
| 15 | 8.65M | 3.52% |
| 44 | 6.10M | 2.48% |
| 08 | 5.92M | 2.41% |
| 73 | 5.06M | 2.06% |
| 24 | 3.55M | 1.45% |
| 30 | 3.42M | 1.39% |
Check Detailed Paraguay-Uruguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast
Paraguay’s trade surplus with Uruguay is expected to hold steady in 2025, driven by sustained demand for its bulk agricultural exports (HS 12, 23, 02). However, volatility in monthly shipments—evident in 2024’s erratic swings—calls for caution. Uruguay’s reliance on Paraguayan commodities for industrial processing will likely keep exports elevated, but import costs (especially processed foods and pharmaceuticals) may rise if global supply chain pressures persist. Traders should prepare for price fluctuations in key commodities, particularly oilseeds and grains.
Strategic Moves
- Lock in Long-Term Contracts: Paraguayan exporters should secure fixed-price agreements with Uruguayan buyers to mitigate volatility, especially for HS 12 (oilseeds) and HS 02 (meat).
- Diversify Import Sources: Reduce dependency on Uruguayan processed foods (HS 11) by exploring alternative suppliers in Argentina or Brazil to stabilize input costs.
- Invest in Value-Add Processing: Paraguay must shift from raw commodity exports to semi-processed goods (e.g., soybean oil instead of raw beans) to capture higher margins and reduce Uruguay’s value-chain dominance.
Frequently Asked Questions
How did Paraguay - Uruguay trade perform in 2024 Whole Year?
Paraguay exported $245.64M to Uruguay and imported $117.38M, with volatile growth trends in both directions.
What are the top exports from Paraguay to Uruguay?
The top exports are oilseeds or grains (HS 12), followed by other agricultural commodities, accounting for 61.53% of total exports.
What does Paraguay import from Uruguay?
Paraguay primarily imports milling products (HS 11), dairy (HS 04), and pharmaceuticals (HS 30), reflecting a mix of food and medical goods.
What is the trade balance between Paraguay and Uruguay?
Paraguay holds a trade surplus of $128.26M, with exports more than double the value of imports.
Paraguay - Uruguay Trade 2023 Q4: Surplus Surge
Paraguay's trade surplus with Uruguay hit $83.85M in Q4 2023, driven by cereal exports. Explore Paraguay Uruguay trade trends and top trading products via yTrade data.
Paraguay - Uruguay Trade 2024 Q3: $39.13M Surplus
Paraguay's trade with Uruguay shows a $39.13M surplus in Q3 2024, driven by raw oilseeds exports. Explore Paraguay Uruguay trade trends and top trading products on yTrade.
