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Who buys Paraguay’s soybeans? Export destinations 2024

In 2024, Paraguay exported $3.3 billion of soybeans (7.9 million tonnes), 4.1% of the world total. Argentina bought 87% of the total, followed by Brazil (10%) and Russia (3%). Paraguay was the world’s 3rd-largest exporter of soybeans.

Summary

Value
$3.3billion
Tonnes
7.9million tonnes
Share of world total
4.1%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 17 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
Argentina2.8Tonnes: 6,834,716USD per tonne: $41386.8%Land
Brazil0.31Tonnes: 792,467USD per tonne: $3979.7%Land
Russia0.1Tonnes: 247,270USD per tonne: $4063.1%Sea
Peru0.01Tonnes: 23,807USD per tonne: $4390.32%Sea
Spain< 0.01Tonnes: 5,481USD per tonne: $4040.07%Sea
United States< 0.01Tonnes: 3,848USD per tonne: $5010.06%Sea
Uruguay< 0.01Tonnes: 5,271USD per tonne: $2170.04%Sea
Guatemala< 0.01Tonnes: 157USD per tonne: $8900%Sea
Chile< 0.01Tonnes: 145USD per tonne: $7540%Sea
Japan< 0.01Tonnes: 96USD per tonne: $6710%Sea
South Korea< 0.01Tonnes: 72USD per tonne: $6090%Sea
Kuwait< 0.01Tonnes: 56USD per tonne: $4150%Sea
Luxembourg< 0.01Tonnes: 8USD per tonne: $3880%Sea
Germany< 0.01Tonnes: 2USD per tonne: $5430%Sea
Netherlands re-exports< 0.01Tonnes: 2USD per tonne: $3730%Sea
Indonesia< 0.01Tonnes: 0USD per tonne: $3,2670%Sea
Bolivia< 0.01Tonnes: 0USD per tonne: $1,5260%Land

Trend

Who it sells to

Argentina has been its main destination since 2017

Value in USD billions. The five largest destinations in 2024.

  • Argentina 2.8
  • Brazil 0.31
  • Russia 0.1
  • Peru 0.01
  • Spain < 0.01

Source: CEPII BACI

Show the numbers
Partner19952024
Argentina< 0.012.8
Brazil0.10.31
Russia00.1
Peru00.01
Spain0.02< 0.01

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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