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Paraguay trade in 2024

In 2024, Paraguay exported $11.5 billion and imported $17.5 billion, a trade deficit of $6.1 billion. It was the world's 99th-largest exporter, with 0.05% of world exports. Its top export was soybeans (28.4% of the total) and its main trading partner was Brazil (26.5% of its trade).

Summary

Exports
$11.5billion
Imports
$17.5billion
Trade balance
-$6.1billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Soybeans (28.4%) and electricity (10.3%) together make up 38.7% of its exports.

  1. Soybeans$3.3 billion · 28.4%
    Main partner: Argentina
  2. Electricity$1.2 billion · 10.3%
    Main partner: Brazil
  3. Frozen beef$877 million · 7.7%
    Main partner: Taiwan
  4. Fresh beef$786 million · 6.9%
    Main partner: Chile
  5. Soybean meal and pellets$738 million · 6.4%
    Main partner: Chile
  6. Rice$443 million · 3.9%
    Main partner: Brazil
  7. Corn$411 million · 3.6%
    Main partner: Brazil
  8. Soybean oil$399 million · 3.5%
    Main partner: India
  9. Cables and wire$350 million · 3.1%
    Main partner: Brazil
  10. Other oilseeds$211 million · 1.8%
    Main partner: United States

What it imports

Refined petroleum (12.6%) and cameras and broadcast equipment (8.2%) together make up 20.8% of its imports.

  1. Refined petroleum$2.2 billion · 12.6%
    Main partner: United States
  2. Cameras and broadcast equipment$1.4 billion · 8.2%
    Main partner: China
  3. Cars$728 million · 4.2%
    Main partner: Japan
  4. Pesticides and herbicides$511 million · 2.9%
    Main partner: China
  5. Mixed fertilizers$360 million · 2.1%
    Main partner: Brazil
  6. New tires$357 million · 2%
    Main partner: China
  7. Computers$337 million · 1.9%
    Main partner: China
  8. Trucks$314 million · 1.8%
    Main partner: Argentina
  9. Other electrical devices$273 million · 1.6%
    Main partner: China
  10. Medicines in measured doses or retail packs$232 million · 1.3%
    Main partner: Argentina
By Harmonized System chapter (96)
ChapterExportsImports
12 · Oilseeds and grains$3.5 billion$35 million
02 · Meat and offal$1.8 billion$37 million
27 · Oil, gas and coal$1.2 billion$2.3 billion
10 · Cereals$984 million$87 million
23 · Animal feed and food waste$830 million$85 million
15 · Fats and oils$518 million$35 million
85 · Electrical and electronic equipment$378 million$3 billion
22 · Beverages and spirits$168 million$306 million
76 · Aluminum$166 million$214 million
38 · Miscellaneous chemicals$145 million$605 million
71 · Gems and precious metals$135 million$13 million
44 · Wood$107 million$33 million
30 · Pharmaceuticals$103 million$468 million
39 · Plastics$97 million$627 million
63 · Home textiles and used clothing$90 million$71 million
05 · Other animal products$77 million$59 million
61 · Knitted clothing$72 million$127 million
62 · Woven clothing$67 million$139 million
41 · Hides and leather$66 million$5 million
83 · Miscellaneous metal goods$65 million$52 million
48 · Paper and paperboard$63 million$296 million
72 · Iron and steel$57 million$336 million
04 · Dairy, eggs and honey$55 million$39 million
17 · Sugar and sweets$51 million$46 million
52 · Cotton$50 million$66 million
74 · Copper$48 million$43 million
08 · Fruit and nuts$46 million$18 million
11 · Milling products and malt$38 million$39 million
84 · Mechanical machinery$36 million$2.1 billion
56 · Felt, nonwovens and rope$35 million$20 million
24 · Tobacco$30 million$156 million
35 · Glues, starches and enzymes$29 million$29 million
42 · Leather goods and bags$29 million$63 million
60 · Knitted fabric$28 million$80 million
34 · Soap and cleaning products$23 million$123 million
33 · Perfumes and cosmetics$22 million$343 million
90 · Precision and medical instruments$22 million$209 million
19 · Baked goods and cereal products$22 million$117 million
57 · Carpets and rugs$21 million$12 million
94 · Furniture and lighting$17 million$121 million
78 · Lead$15 million$261 thousand
64 · Footwear$13 million$142 million
21 · Food preparations$12 million$164 million
87 · Vehicles$12 million$1.6 billion
09 · Coffee, tea and spices$12 million$16 million
95 · Toys and sports gear$12 million$234 million
88 · Aircraft and spacecraft$11 million$34 million
20 · Preserved fruit and vegetables$10 million$66 million
54 · Synthetic filaments$10 million$61 million
16 · Prepared meat and fish$9 million$31 million
73 · Iron and steel products$8 million$162 million
70 · Glass$5 million$63 million
29 · Organic chemicals$5 million$347 million
96 · Other manufactured goods$5 million$78 million
32 · Dyes, paints and tanning agents$5 million$94 million
68 · Stone, plaster and cement articles$4 million$38 million
59 · Coated and technical textiles$4 million$17 million
31 · Fertilizers$3 million$680 million
65 · Hats$2 million$12 million
07 · Vegetables$2 million$37 million
55 · Synthetic staple fibers$2 million$76 million
58 · Special fabrics and lace$2 million$18 million
26 · Ores and slag$2 million$3 million
69 · Ceramics$2 million$108 million
28 · Inorganic chemicals$1 million$59 million
49 · Books and printed matter$1 million$17 million
40 · Rubber$1 million$427 million
51 · Wool$1 million$80 thousand
89 · Ships and boats$1 million$38 million
25 · Salt, stone and cement$1 million$43 million
97 · Art and antiques$998 thousand$326 thousand
67 · Feathers and artificial flowers$840 thousand$5 million
06 · Live plants and flowers$806 thousand$3 million
86 · Railway equipment$639 thousand$3 million
01 · Live animals$561 thousand$15 million
47 · Wood pulp$362 thousand$5 million
14 · Other plant products$288 thousand$103 thousand
82 · Tools and cutlery$270 thousand$63 million
18 · Cocoa and chocolate$246 thousand$36 million
03 · Fish and seafood$172 thousand$8 million
45 · Cork$160 thousand$55 thousand
92 · Musical instruments$116 thousand$5 million
13 · Gums and plant extracts$87 thousand$3 million
50 · Silk$67 thousand$28 thousand
79 · Zinc$53 thousand$3 million
37 · Photographic goods$48 thousand$7 million
91 · Watches and clocks$31 thousand$49 million
80 · Tin$14 thousand$310 thousand
93 · Weapons and ammunition$14 thousand$3 million
46 · Wicker and basketware$7 thousand$300 thousand
66 · Umbrellas and canes$5 thousand$2 million
53 · Other plant fibers$1 thousand$794 thousand
81 · Other base metals$184$1 million
75 · Nickel$120$338 thousand
36 · Explosives and matches$5$7 million
43 · Fur and fur goods$0$40 thousand

Trading partners

Its main destination is Brazil (30.8% of exports) and its main source is China (32.2% of imports).

Who it sells to

PartnerValue (USD billions)ShareMode
Brazil3.530.8%Land
Argentina3.429.8%Land
Chile1.19.3%Sea
United States0.443.9%Sea
Peru0.252.2%Sea
Taiwan0.232%Sea
Russia0.211.8%Sea
Uruguay0.171.5%Sea
Netherlands0.171.5%Sea
Israel0.151.3%Sea

Who it buys from

PartnerValue (USD billions)ShareMode
China5.632.2%Sea
Brazil4.123.6%Land
Argentina1.26.9%Land
United States1.26.7%Sea
Chile0.432.5%Sea
India0.432.5%Sea
Singapore0.412.4%Sea
Germany0.352%Sea
Japan0.31.7%Sea
Switzerland0.261.5%Sea

Overview 1995–2024

In 2024, Paraguay accounted for 0.05% of world exports, compared with 0.03% in 1995.

Exports and imports

Exports grew 9-fold since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 11.5
  • Imports 17.5
  • Balance -6.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.3 billion$3.7 billion-$2.4 billion
1996$1.5 billion$3.5 billion-$2 billion
1997$1.6 billion$4.1 billion-$2.5 billion
1998$1.4 billion$3.6 billion-$2.1 billion
1999$1.2 billion$2.5 billion-$1.3 billion
2000$2.4 billion$2.6 billion-$142 million
2001$2.7 billion$2.4 billion$277 million
2002$2.6 billion$1.8 billion$784 million
2003$3 billion$2.2 billion$812 million
2004$3.4 billion$2.8 billion$587 million
2005$3.7 billion$3.5 billion$192 million
2006$3.9 billion$5.1 billion-$1.2 billion
2007$5 billion$6.2 billion-$1.3 billion
2008$7 billion$9.4 billion-$2.4 billion
2009$5.5 billion$7.3 billion-$1.9 billion
2010$6.7 billion$10.5 billion-$3.8 billion
2011$8.1 billion$12.7 billion-$4.7 billion
2012$7.6 billion$12.2 billion-$4.6 billion
2013$9.7 billion$12.4 billion-$2.6 billion
2014$10 billion$12.5 billion-$2.5 billion
2015$8.6 billion$10.5 billion-$1.9 billion
2016$8.9 billion$10 billion-$1.1 billion
2017$9 billion$12.3 billion-$3.2 billion
2018$9.5 billion$13.8 billion-$4.3 billion
2019$8.4 billion$12.8 billion-$4.5 billion
2020$8.9 billion$10.4 billion-$1.5 billion
2021$11.1 billion$13.8 billion-$2.6 billion
2022$10.3 billion$16.1 billion-$5.8 billion
2023$12.3 billion$16.3 billion-$4 billion
2024$11.5 billion$17.5 billion-$6.1 billion

World rank

Paraguay rose from 107th to 99th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 107th in 1995
  • 99th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995107th
1996108th
1997105th
1998108th
1999111th
200099th
200194th
2002100th
200394th
2004101st
2005106th
2006113th
2007105th
2008100th
2009103rd
2010101st
2011102nd
2012101st
201397th
201496th
201599th
201693rd
201796th
201896th
2019100th
202093rd
202196th
2022105th
202397th
202499th

What it sells

Its top export group is still oilseeds and grains: 31% in 2024

% of exports by Harmonized System chapter.

  • Other 18%
  • Beverages and spirits 1%
  • Electrical and electronic equipment 3%
  • Fats and oils 5%
  • Animal feed and food waste 7%
  • Cereals 9%
  • Oil, gas and coal 11%
  • Meat and offal 16%
  • Oilseeds and grains 31%

Source: CEPII BACI

Show the numbers
Chapter19952024
Oilseeds and grains22.7%30.5%
Meat and offal4.5%15.5%
Oil, gas and coal5%10.6%
Cereals2.3%8.6%
Animal feed and food waste6.2%7.2%
Fats and oils5.4%4.5%
Electrical and electronic equipment0.28%3.3%
Beverages and spirits0.21%1.5%
Other53.5%18.2%

Who it trades with

China went from 3% to 20% of Paraguay's trade

% of total trade (exports + imports) with each partner.

  • Brazil 26%
  • China 20%
  • Argentina 16%
  • United States 6%
  • Chile 5%

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil26.3%26.5%
China2.6%19.5%
Argentina14.8%15.9%
United States10.9%5.6%
Chile2.8%5.2%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

  • Asunción$36.5 billion (PPP, 2021 dollars)
  • Foz do Iguaçu$24.8 billion (PPP, 2021 dollars)
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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

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