Paraguay - Vietnam Trade 2023 Q2: Surplus & Volatility

Key Market Takeaways: Paraguay - Vietnam Trade

The bilateral trade relationship between Paraguay and Vietnam shows strong growth with extreme volatility in Q2 2023.

• Economic Pulse: Paraguay holds a $25.95M trade surplus, exporting $56.61M (mostly raw materials) while importing $30.66M (primarily tech goods). YoY swings were dramatic, with exports surging up to +971.6% in May.
• Exchange Structure: Paraguay-Vietnam trade statistics reveal a resource-for-tech complementarity—Paraguay supplies food waste (58% of exports) and meat, while Vietnam dominates with electrical machinery (73% of imports).
• Strategic Interdependence: Vietnam holds the higher value-add position, reflecting a classic raw-material-exporter vs. manufacturing-supplier dynamic.

This bilateral trade snapshot is based on verified customs data from the yTrade database.

Paraguay-Vietnam Trade Trend in Q2 2023

Paraguay Export Performance: Shipments to Vietnam

• Total Volume: $56.61M in Q2 2023.
• Growth Trend & Context:
  • YoY growth was extreme in May (+971.6%) and June (+150.47%), offsetting April’s high base (330.58% YoY).
  • No specific trade news to explain the volatility.
• Key Volatility: May saw a 38.74% MoM surge, while June collapsed by -68.66% MoM.

Paraguay Import Performance: Sourcing from Vietnam

• Total Volume: $30.66M in Q2 2023.
• Growth Trend & Context:
  • YoY swings: April (-40.87%), May (+4.83%), June (+13.79%), reflecting inconsistent demand.
• Key Volatility: June imports spiked 19.95% MoM, the highest monthly volume ($11.60M).

Paraguay - Vietnam Trade Balance & Market Dynamics

• Net Position: Paraguay holds a $25.95M trade surplus with Vietnam (Exports $56.61M vs. Imports $30.66M).
• Relationship Status: Strong net exporter role, though export volatility suggests uneven demand or pricing shifts.

Paraguay Import Trend from Vietnam 2023 Q2 (Source: yTrade)**

Paraguay Export Trend to Vietnam 2023 Q2 (Source: yTrade)**

Get Historical Paraguay Vietnam Trade Records

Paraguay-Vietnam Top Trading Products in Q2 2023

Paraguay Export Profile: What Does Paraguay Sell to Vietnam

• Top Commodity: Rank #1 export is HS 23 (Residues and waste from the food industries), accounting for 58.02% of total exports to Vietnam.
• Demand Driver: Vietnam likely uses these for industrial processing, possibly as feed inputs for agriculture or other manufacturing sectors.
• Concentration: Trade is highly concentrated, with the top two categories (HS 23 and HS 02) making up 97.67% of total exports.

Paraguay Import Profile: What Does Paraguay Buy from Vietnam

• Top Commodity: Rank #1 import is HS 85 (Electrical machinery and equipment), representing 72.85% of total imports from Vietnam.
• Dependency Nature: This suggests a critical technology dependency, as Vietnam supplies high-value electronics and machinery.

Paraguay - Vietnam Trade Relationship Dynamics

• The Exchange Model: Resource-for-Tech Complementarity—Paraguay exports raw materials (food waste, meat) while importing high-tech goods (electronics, machinery).
• Value Chain Position: Vietnam holds the higher value-add position, given its dominance in complex manufactured exports (HS 85, 84) versus Paraguay’s raw material focus.

Import Analysis by Product: Vietnam to Paraguay (Source: yTrade)

Export Analysis by Product: Paraguay to Vietnam (Source: yTrade)

Check Detailed Paraguay-Vietnam Trade HS Code Breakdown

Future Outlook & Strategic Recommendations

Forecast

The Paraguay-Vietnam trade relationship is poised for continued growth, driven by Paraguay’s strong export performance in raw materials (HS 23) and Vietnam’s demand for industrial inputs. However, the extreme volatility in monthly trade flows suggests potential pricing or demand instability, requiring careful monitoring. Over the next quarter, expect Vietnam’s imports of Paraguayan residues (HS 23) to remain robust, while Paraguay’s reliance on Vietnamese electronics (HS 85) will likely deepen. Traders should prepare for uneven monthly swings but anticipate an overall upward trajectory in bilateral trade volume.

Strategic Moves

• Lock in Long-Term Supply Contracts: Paraguayan exporters of HS 23 should secure multi-year agreements with Vietnamese buyers to stabilize revenue and mitigate price volatility.
• Diversify Import Sources for Critical Tech: Paraguay must reduce dependency on Vietnamese electronics (HS 85) by exploring alternative suppliers in ASEAN or Latin America to safeguard against supply chain disruptions.
• Invest in Export Value-Add: Paraguay should incentivize local processing of raw materials (e.g., converting food waste into higher-margin products) to capture more value before exporting to Vietnam.

Frequently Asked Questions

How did Paraguay - Vietnam trade perform in 2023 Q2?

Paraguay's exports to Vietnam totaled $56.61M, with extreme YoY growth in May (+971.6%) and June (+150.47%). Imports from Vietnam reached $30.66M, showing inconsistent YoY swings.

What are the top exports from Paraguay to Vietnam?

The top export is HS 23 (Residues and waste from the food industries), accounting for 58.02% of total exports, followed by HS 02 (Meat and edible meat offal).

What does Paraguay import from Vietnam?

The top import is HS 85 (Electrical machinery and equipment), representing 72.85% of total imports, highlighting Vietnam's role as a key supplier of high-tech goods.

What is the trade balance between Paraguay and Vietnam?

Paraguay holds a $25.95M trade surplus with Vietnam, driven by strong exports of raw materials against imports of high-value electronics and machinery.