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How much of Paraguay’s trade passes through the Strait of Malacca and Singapore?

In 2024, an estimated $5.3 billion of Paraguay’s trade passed through the Strait of Malacca and Singapore, 41.7% of its seaborne trade. That is $566 million of exports and $4.8 billion of imports. The partners with the most trade through it are China, Singapore and Japan.

Summary

Estimated value
$5.3billion
Of its seaborne trade
41.7%
Exports
$566million
Imports
$4.8billion

Trend

Estimated value per year

Paraguay’s estimated trade through the Strait of Malacca and Singapore rose 67% between 2019 and 2024

Value in USD billions

  • Paraguay 5.3

Source: CEPII BACI

Show the numbers
YearEstimated valueOf its seaborne trade
1995$1.1 billion44.6%
1996$835 million37.9%
1997$781 million34.2%
1998$936 million42.5%
1999$482 million31%
2000$533 million33.4%
2001$532 million28.8%
2002$411 million27.6%
2003$446 million22.3%
2004$726 million26.5%
2005$972 million30.5%
2006$1.1 billion29.4%
2007$1.4 billion34.3%
2008$2.1 billion30.4%
2009$1.3 billion25.5%
2010$2.1 billion27.2%
2011$2.8 billion27.7%
2012$2.8 billion29.1%
2013$3.2 billion27.5%
2014$3.2 billion27.2%
2015$2.7 billion26.2%
2016$2.6 billion27.9%
2017$2.9 billion28%
2018$3.3 billion30.2%
2019$3.2 billion34.4%
2020$2.8 billion34%
2021$3.7 billion33.5%
2022$4.4 billion35.5%
2023$4.2 billion35.4%
2024$5.3 billion41.7%

Partners whose trade crosses it

Estimated value of its trade with each partner that crosses the chokepoint; the percentage is the share of all its trade through the chokepoint, not of the pair’s trade.

  1. Paraguay–China$3.7 billion · 69.7%
  2. Paraguay–Singapore$416 million · 7.8%
  3. Paraguay–Japan$300 million · 5.6%
  4. Paraguay–Taiwan$260 million · 4.9%
  5. Paraguay–South Korea$259 million · 4.9%
  6. Paraguay–Hong Kong$129 million · 2.4%
  7. Paraguay–Thailand$126 million · 2.3%
  8. Paraguay–Vietnam$123 million · 2.3%
  9. Paraguay–Malaysia$5 million · 0.1%

What crosses it

The products with the highest estimated value in 2024, with their share of the total through the chokepoint.

  1. Refined petroleum$405 million · 7.6%
  2. Cars$347 million · 6.5%
  3. New tires$293 million · 5.5%
  4. Frozen beef$260 million · 4.9%
  5. Pesticides and herbicides$220 million · 4.1%
  6. Computer and office machine parts$190 million · 3.6%
  7. Air conditioners$161 million · 3%
  8. Motorcycles$150 million · 2.8%
  9. Other electrical devices$123 million · 2.3%
  10. Aluminum sheet$118 million · 2.2%

Reference ports

Asunción (100%)

Each port with the weight it receives from the country’s trade, based on where its GDP is generated and which coast is closest.

Other chokepoints it uses

Sources and method

Sources and licenses

Methodology

We estimate the value crossing each chokepoint from BACI trade that travels by sea according to our mode heuristic, split between each country’s ports by where its GDP is generated and which coast is closest, and routed over our own sea network. It is an estimate, not a count of ships. It covers 99.9% of seaborne trade. The approach follows Verschuur, Lumma and Hall (Nature Communications, 2025). Data up to 2024.

All maritime chokepoints