Paraguay - Uruguay Trade 2024 Q3: $39.13M Surplus
Key Market Takeaways: Paraguay - Uruguay Trade
The bilateral trade relationship between Paraguay and Uruguay shows growth with high volatility in 2024 Q3.
- Paraguay holds a $39.13M trade surplus, exporting $72.59M (mixed YoY growth) while importing $33.46M (volatile recovery).
- Paraguay - Uruguay trade statistics reveal a resource-for-food exchange: Paraguay supplies raw oilseeds (44.39% of exports), while Uruguay sells processed milling products (15.52% of imports).
- Complementary economies with Uruguay adding value through processed goods, though trade flows remain erratic month-to-month.
This bilateral trade snapshot is based on verified customs data from the yTrade database.
Paraguay-Uruguay Trade Trend in Q3 2024
Paraguay Export Performance: Shipments to Uruguay
- Total Volume: $72.59M in Q3 2024.
- Growth Trend & Context:
- YoY performance was mixed, with July surging (+62.43%) but August (-10.17%) and September (-37.82%) contracting sharply.
- Key Volatility: August saw the steepest MoM drop (-48.69%), while July was the peak month ($37.89M).
Paraguay Import Performance: Sourcing from Uruguay
- Total Volume: $33.46M in Q3 2024.
- Growth Trend & Context:
- YoY growth was volatile, with September (+33.44%) rebounding after August's -37.93% plunge.
- Key Volatility: July had the highest MoM surge (+75.22%), while August was the weakest month ($8.56M).
Paraguay - Uruguay Trade Balance & Market Dynamics
- Net Position: Paraguay holds a trade surplus of $39.13M (Exports $72.59M vs. Imports $33.46M).
- Relationship Status: Strong net exporter role, though both sides saw erratic monthly swings.
Paraguay Import Trend from Uruguay 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 13.77M | 75.22% | 21.77% |
| Aug | 8.56M | -37.86% | -37.93% |
| Sep | 11.13M | 30.06% | 33.44% |
| Total | 33.46M | - | - |
Paraguay Export Trend to Uruguay 2024 Q3 (Source: yTrade)**
| Month | Value | MoM | YoY |
|---|---|---|---|
| Jul | 37.89M | 31.01% | 62.43% |
| Aug | 19.44M | -48.69% | -10.17% |
| Sep | 15.26M | -21.48% | -37.82% |
| Total | 72.59M | - | - |
Get Historical Paraguay Uruguay Trade Records
Paraguay-Uruguay Top Trading Products in Q3 2024
Paraguay Export Profile: What Does Paraguay Sell to Uruguay
- Top Commodity: HS Code 12 (Oilseeds and oleaginous fruits) dominates with 44.39% share.
- Demand Driver: Uruguay likely uses these for industrial processing, such as oil extraction or animal feed production.
- Concentration: Highly concentrated, with the top commodity accounting for nearly half of total exports.
Paraguay Import Profile: What Does Paraguay Buy from Uruguay
- Top Commodity: HS Code 11 (Milling products, malt, starches) leads with 15.52% share.
- Dependency Nature: Likely reflects food security dependency, as these are basic agricultural inputs or processed food items.
Paraguay - Uruguay Trade Relationship Dynamics
- The Exchange Model: Resource-for-Food Complementarity. Paraguay exports raw agricultural commodities (oilseeds, meat) while importing processed food and milling products.
- Value Chain Position: Uruguay holds a slightly higher value-add position, given its exports include processed goods (HS 11, 30, 38) versus Paraguay’s raw material focus.
Import Analysis by Product: Uruguay to Paraguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 11 | 5.19M | 15.52% |
| 30 | 5.03M | 15.04% |
| 38 | 4.27M | 12.75% |
| 31 | 2.67M | 7.97% |
| 04 | 2.38M | 7.12% |
| 39 | 1.25M | 3.72% |
| 96 | 1.21M | 3.61% |
| 85 | 1.10M | 3.30% |
| 84 | 1.08M | 3.23% |
| 34 | 1.04M | 3.10% |
Export Analysis by Product: Paraguay to Uruguay (Source: yTrade)
| HS Code | Value | Percent |
|---|---|---|
| 12 | 32.22M | 44.39% |
| 02 | 9.74M | 13.42% |
| 23 | 7.42M | 10.23% |
| 10 | 5.84M | 8.05% |
| 15 | 4.43M | 6.10% |
| 44 | 1.67M | 2.30% |
| 73 | 1.59M | 2.19% |
| 08 | 812.58K | 1.12% |
| 56 | 792.99K | 1.09% |
| 30 | 771.19K | 1.06% |
Check Detailed Paraguay-Uruguay Trade HS Code Breakdown
Future Outlook & Strategic Recommendations
Forecast for Paraguay-Uruguay Trade
The Paraguay-Uruguay trade relationship is expected to stabilize in Q4 2024, with Paraguay maintaining its surplus but facing continued volatility in key commodities. While demand for Paraguayan oilseeds (HS 12) remains strong, the erratic monthly swings suggest traders should brace for price fluctuations. Uruguay’s rebound in milling product exports (HS 11) signals steady demand, but Paraguay must address its over-reliance on raw material exports to sustain long-term growth.
Strategic Moves for Traders & Policymakers
- Diversify Export Offerings: Paraguay should reduce dependence on oilseeds by expanding into higher-value processed goods, leveraging Uruguay’s demand for food inputs.
- Lock In Supply Contracts: Uruguayan importers of Paraguayan commodities should secure fixed-price agreements to hedge against sudden price drops, especially after Q3’s steep declines.
- Optimize Logistics for Volatile Months: Both nations must invest in agile supply chains to mitigate disruptions, particularly after August’s 48.69% MoM export drop from Paraguay.
Frequently Asked Questions
How did Paraguay - Uruguay trade perform in 2024 Q3?
Paraguay exported $72.59M to Uruguay and imported $33.46M, with mixed YoY growth—July surged (+62.43%) while August and September declined sharply.
What are the top exports from Paraguay to Uruguay?
Oilseeds and oleaginous fruits (HS Code 12) dominated, accounting for 44.39% of Paraguay’s exports to Uruguay.
What does Paraguay import from Uruguay?
Milling products, malt, and starches (HS Code 11) led imports with a 15.52% share, reflecting food security needs.
What is the trade balance between Paraguay and Uruguay?
Paraguay held a trade surplus of $39.13M, driven by higher exports of raw materials compared to processed imports from Uruguay.
Paraguay - Uruguay Trade 2024 Whole Year: $128M Surplus
Paraguay Uruguay trade trend shows a $128M surplus in 2024. Key Paraguay Uruguay top trading products include oilseeds and processed foods. Verified by yTrade data.
Paraguay - Uruguay Trade 2024 Q4: Surplus Amid Declines
Paraguay's trade with Uruguay saw a $10.27M surplus in Q4 2024 despite falling exports. Explore Paraguay Uruguay trade trends and top trading products via yTrade data.
