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08-01-2024
Paraguay exported $9.95 billion worth of products to the world in 2022.
Compared to $10.5 billion in 2021, Paraguay's total exports decreased by -5.6% year-over-year.
Best International Customers for Paraguayan Exports
The most recent country-specific data shows that Paraguayan exports were purchased primarily by importers in Brazil (36.8% of the global total), Argentina (19.5%), Chile (11.4%), Russia (3.6%), the United States (2.6%), Taiwan (2.2%), Uruguay (2%), India (1.6%), Israel (1.44%), Poland (1.36%), Peru (1.33%) and Pakistan (1.27%).
Paraguay's Top 10 Exports
1. Meat: $1.8 billion (18.4% of total exports)
2. Fossil fuels including oil: $1.7 billion (16.8%)
3. Cereals: $1.5 billion (15%)
4. Oilseeds: $1.4 billion (14%)
5. Food industry waste, animal feed: $677.6 million (6.8%)
6. Animal and vegetable fats, oils, waxes: $646.6 million (6.5%)
7. Electrical machinery, equipment: $293.1 million (2.9%)
8. Aluminum: $153.9 million (1.5%)
9. Beverages, spirits, vinegar: $146.7 million (1.5%)
10. Other chemicals: $136.8 million (1.4%)
Paraguay's top 10 exports accounted for 84.9% of its total global exports.
Miscellaneous chemicals are the fastest growing of Paraguay's top 10 export categories, growing 99.5% from 2021 to 2022. The second highest growth in export sales was in grains, which grew 93.7 percent in this product category, with Paraguayan corn exports leading the way. Paraguay's exports of beverages, spirits and vinegars saw the third-fastest growth in value, up 56.3 percent year-over-year.
The largest decline in Paraguay's top 10 export categories was in oilseeds, which fell by -55.4%.
Drilling down to the more detailed 4-digit HS code level, Paraguay's most lucrative exports were electrical energy (16.8% of Paraguay's total exports), soybeans (12.3%), corn (10.9%), fresh or frozen beef (8.9%), frozen beef (8.5%), soybean oil cake and other solid residues (5.9%), soybean oil (5.4%), rice (2.9%), insulated wire and cable (2.8%), followed by oilseeds (1.5%).
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