In 2023, the Republic of Paraguay exported products worth $11.9 billion globally. Paraguay's total export value increased by 19.5% compared to $9.95 billion in 2022.

Top International Trade Customers for Paraguay

The latest Paraguay export data provided by Tendata shows that 87.4% of Paraguay's exports were purchased by importers from the following countries: Argentina (36.1%), Brazil (25.3%), Chile (9.7%), the United States (2.33%), Russia (2.24%), Uruguay (2.18%), Taiwan (1.88%), India (1.85%), the Netherlands (1.81%), Peru (1.78%), Hong Kong (1.1%), and Vietnam (1.08%).

From a continental perspective, 77.1% of Paraguay's exports went to Latin American countries, while 11.1% went to Asian importers. Paraguay also exported goods worth 7.9% to Europe. Buyers from North America (2.6%), Africa (1.2%), and Oceania (0.05%) accounted for smaller proportions, primarily Australia.

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Paraguay's Top 10 Export Products

According to two-digit HTS codes, the latest Paraguay export data provided by Tendata shows that Paraguay's top 10 export products accounted for 87.5% of Paraguay's total export value:

1. Oil seeds: $3.6 billion (30.6%)

2. Meat: $1.63 billion (13.7%)

3. Mineral fuels including petroleum: $1.57 billion (13.2%)

4. Grains: $1.2 billion (10.4%)

5. Food industry waste, animal feed: $991.2 million (8.3%)

6. Animal and vegetable fats, oils, waxes: $627.6 million (5.3%)

7. Electrical machinery, equipment: $336.4 million (2.8%)

8. Beverages, spirits, vinegar: $142.4 million (1.2%)

9. Other chemicals: $130.3 million (1.1%)

10. Aluminum: $98.4 million (0.8%)

Oil seeds experienced the fastest growth among the top ten export categories, increasing by 161.9% from 2022 to 2023. The second-largest growth in export sales was in food industry waste and animal feed, which grew by 46.3%. Paraguay's electrical machinery and equipment shipments achieved significant value growth, increasing by 14.8%. The largest decline among Paraguay's top ten export categories was in aluminum, which decreased by -36.1%.

Further analysis using more detailed 4-digit HTS codes in Paraguay export data provided by Tendata reveals that the most significant export products for Paraguay are soybeans (28.8%), electric energy (13.2%), soybean cake, and other solid residues (7.4%), fresh or chilled beef (6.7%), maize (6.3%), frozen beef (6.2%), soybean oil (4.3%), rice (3.5%), insulated wire and cables (2.6%), and then oil seeds (1.6%).

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Based on the trade value in Paraguay export data, the top 10 specific products exported by Paraguay in 2023 are as follows:

1.HS Code：732690400000(15.82%, $0.3 Million)：Articles of iron or steel, n.e.s. (excluding cast articles or articles of iron or steel wire): Enamld irn ware(excl utnsl and sign bord)

2.HS Code：504000000(14.47%, $0.28 Million)：Guts, bladders and stomachs of animals (other than fish), whole and pieces thereof, fresh, chilled, frozen, salted, in brine, dried or smoked (detailed label not available)

3.HS Code：2109990(13.84%, $0.26 Million)：Edible flours and meals of meat or meat offal (excl. of primates, whales, dolphins and porpoises "mammals of the order cetacea", manatees and dugongs "mammals of the order sirenia", seals, sea lions and walruses and reptiles);

4.HS Code：2071499(12.37%, $0.24 Million)：Pieces and offal of rooster or hen, frozen: others.

5.HS Code：23033000(8.45%, $0.16 Million)：Brewing or distilling dregs and waste

6.HS Code：206299900(5.09%, $0.1 Million)：Other edible offal of bovine animals, frozen: other.

7.HS Code：1207999609(4.98%, $0.1 Million)

8.HS Code：120799960011(4.89%, $0.09 Million)：Oil seeds and oleaginous fruits, whether or not broken (excl. edible nuts, olives, soya beans, groundnuts, copra, linseed, rape or colza seeds, sunflower seeds, palm nuts and kernels, cotton, castor oil, sesamum, mustard, safflower, melon and poppy seeds)

9.HS Code：1212999509(4.8%, $0.09 Million)：Fruit stones and kernels and other vegetable products, incl. unroasted chicory roots of the variety cichorium intybus sativum, of a kind used primarily for human consumption, n.e.s. : other : apricot, peach or plum stones and kernels

10.HS Code：206210000(4.42%, $0.08 Million)：Frozen edible bovine tongues

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According to Paraguay export data provided by Tendata, Paraguay's main exporters in 2023 are:

1.PETLAS LASTİK SANAYİ VE TİCARET ANONİM ŞİRKETİ(15.82%)

2.CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU THƯƠNG MẠI VF(13.84%)

3.ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ ТОРГОВАЯ КОМПАНИЯ ЕВРОКЕЙСИНГ(12.83%)

4.CÔNG TY CỔ PHẦN XUẤT NHẬP KHẨU THƯƠNG MẠI VMIT(12.37%)

5.CÔNG TY TNHH ARCHER DANIELS MIDLAND VIỆT NAM(8.45%)

6.ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ МК НЕВА ПРОДУКТ(4.98%)

7.ООО "СЕМУШКА"(4.8%)

8.ОБЩЕСТВО С ОГРАНИЧЕННОЙ ОТВЕТСТВЕННОСТЬЮ АЛЬЯНС(3.91%)

9.ООО "КОМПАНИЯ ПЕТРОНАТС"(3.46%)

10.CÔNG TY TNHH NEW HOPE HÀ NỘI CHI NHÁNH HẢI PHÒNG(2.85%)

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