Paraguay Export Data: a Brief Overview of the Top Trade Partners in 2024

The export trade economy of Paraguay has been on an upward trajectory from the previous few years due to the increasing demands in different central regions across the globe. The country has started playing a crucial role in international trade with a 7% annual increase from the previous years. Accompanying the textile, machinery, electrical appliances, and other globally sought-after commodities: the agricultural products have also solidified themselves as a crucial role player in the overall export economy with an annual share of 60% in the average trade rate. Paraguay Import Data says hydroelectric power also contributes to a crucial strategic contribution to overall economic growth meeting domestic needs.

The recent statistics on international trade have reported that the overall export valuation has reached a total valuation of 14 billion US dollars accounting for almost 25% of the annual GDP. Import Globals with its Paraguay Trade Data highlights the regional shipments of the most traded categories briefing about the top potential marketing zones for beginner business holders with valuable opportunities for trade outgrowth while global expansion.

THE LEADING VARIANTS OF PARAGUAY EXPORT IN 2024

Paraguay has introduced diversification of services in the global supplies for countering the annual trade valuation, solidifying its trade position among other competitors. According to the Paraguay Export Data, the top 10 leading variants of goods supplied from the nation in 2024 are,

  1. Soybeans — The total valuation of Soybeans exported from Paraguay in 2024–6.5 billion US dollars
  2. Corn- The total valuation of Corn exported from Paraguay in 2024–5.2 billion US dollars
  3. Beef- The total valuation of Beef exported from Paraguay in 2024–3.5 billion US dollars
  4. Vegetable oils — The total valuation of Vegetable oils exported from Paraguay in 2024–2.7 billion US dollars
  5. Wheat- The total valuation of Wheat exported from Paraguay in 2024–1.8 billion US dollars
  6. Electric vehicles — The total valuation of Electric vehicles exported from Paraguay in 2024–1.4 billion US dollars
  7. Wood and wood products- The total valuation of Wood and wood products exported from Paraguay in 2024–1 billion US dollars
  8. Leather goods- The total valuation of Leather goods exported from Paraguay in 2024–800 million US dollars.
  9. Fruits and vegetables- The total valuation of Fruits and vegetables exported from Paraguay in 2024–700 million US dollars
  10. Textiles- The total valuation of Textiles exported from Paraguay in 2024–600 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF PARAGUAY IN 2024

Paraguay has emerged as a leading exporter among all the competitors worldwide, with its stable trade agreements fostering the annual export valuation. According to the Paraguay Trade Data, the top 10 export trade partners of the nation with which it trades most of the domestically produced goods in 2024 are,

  1. Brazil — The annual valuation of goods supplied from Paraguay to Brazil in 2024–5.8 billion US dollars

Top 5 variants of goods exported

1. Soybeans

2. Corn

3. Wheat

4. Rice

5. Sunflower seeds

2. Argentina- The annual valuation of goods supplied from Paraguay to Argentina in 2024–4.2 billion US dollars

Top 5 variants of goods exported

1. Poultry meat

2. Dairy products

3. Fruits

4. Vegetables

5. Sugar cane and molasses

3. China- The annual valuation of goods supplied from Paraguay to China in 2024–3.7 billion US dollars

Top 5 variants of goods exported

1. Cotton

2. Tobacco

3. Leather products

4. Textile and clothing items

5. Furniture

4. Chile- The annual valuation of goods supplied from Paraguay to Chile in 2024–6.5 billion US dollars

Top 5 variants of goods exported

1. Furniture

2. Wood products

3. Aluminum

4. Silver

5. Organic honey

5. Russia- The annual valuation of goods supplied from Paraguay to Russia in 2024–2.8 billion US dollars

Top 5 variants of goods exported

1. Beef offal

2. Beans

3. Citrus fruits

4. Beef offal

5. Meat preparations

  1. Uruguay- The annual valuation of goods supplied from Paraguay to Uruguay in 2024–1.8 billion US dollars

Top 5 variants of goods exported

1. Watermelons

2. Seeds for planting

3. Insecticides

4. Gluten

5. Rice cakes

7. Italy- The annual valuation of goods supplied from Paraguay to Italy in 2024–1.2 billion US dollars

Top 5 variants of goods exported

1. Plastic tableware

2. Alcohol

3. Rice cakes

4. Malt beer

5. Herbicides

8. Spain- The annual valuation of goods supplied from Paraguay to Spain in 2024–1 billion US dollars

Top 5 variants of goods exported

1. Rice cakes

2. Textile floor coverings

3. Plastic plates

4. Biscuits

5. Miscellaneous chemical products

9. Belgium- The annual valuation of goods supplied from Paraguay to Belgium in 2024–800 million US dollars

Top 5 variants of goods exported

1. Wood charcoal

2. Brazilian fruits

3. Cereal preparations

4. Articles of plastics

5. Medicinal plants

10. Germany- The annual valuation of goods supplied from Paraguay to Germany in 2024–600 million US dollars

Top 5 variants of goods exported

1. Electric conductors

2. Natural rubber

3. Animal oils

4. Fresh vegetables

5. Dried fruits

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