Electric Vehicles Export of Paraguay in 2024: The Latest Insights of the Top Trade Partners

Electric vehicle export from Paraguay worldwide has reached new heights due to the cost-effectiveness of production strategies. The country landlocked in South America has recorded itself as the topmost exporter of electric vehicles via ambitious goals set up by the government authorities for the improvisation of the manufacturing units. Paraguay Import Data says the government’s commitment to reducing carbon emissions and promoting clean energy has been fueling up the overall revenue rate of electric vehicle exports.

The two main manufacturers of electric vehicles in the nation at present, including Kanbi Technologies Group Inclusive, have resulted in an export trade value of electric vehicles worth 1.5 billion US dollars in 2024. Import Globals, with its Paraguay trade data, gives detailed information on the latest shipments of electric vehicles from the nation to other importing destinations worldwide. The latest trade intelligence caters to business owners’ needs regarding the strategic performance of competitors in specific categories.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF ELECTRIC VEHICLES FROM PARAGUAY IN 2024

The tax incentive implemented by the Peregrine government for companies involved in manufacturing or exporting electric vehicles with exemptions over import duties and regulated taxes has reduced production costs, recording Paraguay as one of the top producers in the international market. The infrastructure development has also facilitated the export of electric vehicles, as heavy investment in the improvisation of road network ports and airports has ensured the smooth movement of electric vehicles within the country for export purposes.

The research and development grant by the government authorities providing financial support to companies working on new technologies or processes has also encouraged innovation but also has been contributing towards global advancement in electronic vehicle technology.

THE LEADING VARIANTS OF ELECTRIC VEHICLES EXPORTED FROM PARAGUAY IN 2024

Paraguay, while contracting its utmost focus on the electric vehicles export, due to the growing global demand, has introduced diversification in the overall supplies. According to the Paraguay Export Data, the top 10 leading variants of electric vehicles exported from the nation in 2024 are,

  • Tesla Model S — The export trade value of Tesla Model S from Paraguay in 2024–242 million US dollars
  • Nissan Leaf — The export trade value of Nissan Leaf from Paraguay in 2024–187 million US dollars
  • Renault Zoe — The export trade value of Renault Zoe from Paraguay in 2024–165 million US dollars
  • Chevrolet Bolt EV — The export trade value of Chevrolet Bolt EV from Paraguay in 2024–122 million US dollars
  • BMW i3 — The export trade value of BMW i3 from Paraguay in 2024–87 million US dollars
  • Hyundai Kona Electric — The export trade value of Hyundai Kona Electric from Paraguay in 2024–78 million US dollars
  • Kia Niro EV — The export trade value of Kia Niro EV from Paraguay in 2024–66 million US dollars
  • Volkswagen ID4 — The export trade value of Volkswagen ID4 from Paraguay in 2024–54 million US dollars
  • Polestar 2 — The export trade value of Polestar 2 from Paraguay in 2024–48 million US dollars
  • Toyota Prius Prime — The export trade value of Toyota Prius Prime from Paraguay in 2024–32 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF PARAGUAY FOR ELECTRIC VEHICLES IN 2024

For building a stable bilateral trade relationship with the region, and having cost-effective pricing strategies for electric vehicles, the country has started exporting most of its electric vehicle production to top importers. According to the Paraguay Customs Data, the top 10 export trade partners of the nation for electric vehicles in 2024 are,

  • Brazil — The annual export trade value of electric vehicles from Paraguay to Brazil in 2024–342 million US dollars

Top 5 variants of electric vehicles exported

1. Citroën e-SpaceTourer

2. Nissan e-NV200

3. Maxus deliver 9

4. Fiat E-Ducato

5. Toyota Proace Electric

  • Chile — The annual export trade value of electric vehicles from Paraguay to Chile in 2024–187 million US dollars

Top 5 variants of electric vehicles exported

1. Volkswagen ID. Buzz

2. Mercedes-Benz EQV

3. Ford E-Transit

4. Renault Kangoo E-Tech

5. Peugeot e-Traveller

  • Argentina — The annual export trade value of electric vehicles from Paraguay to Argentina in 2024–154 million US dollars

Top 5 variants of electric vehicles exported

1. Jaguar I-PACE

2. Lexus RZ 450e

3. Genesis GV60

4. VinFast VF 8

5. MG ZS EV

  • United States — The annual export trade value of electric vehicles from Paraguay to the United States in 2024–145 million US dollars

Top 5 variants of electric vehicles exported

1. Skoda Enyaq iV

2. Chevrolet Blazer EV

3. Subaru Solterra

4. Toyota bZ4X

5. Mazda CX-60 EV

  • Germany — The annual export trade value of electric vehicles from Paraguay to Germany in 2024–124 million US dollars

Top 5 variants of electric vehicles exported

1. BMW iX

2. Mercedes-Benz EQB

3. Audi Q4 e-tron

4. NIO ES8

5. BYD Atto 3

  • Netherlands — The annual export trade value of electric vehicles from Paraguay to the Netherlands in 2024–87 million US dollars

Top 5 variants of electric vehicles exported

1. Tesla Model Y

2. Ford Mustang Mach-E

3. Volkswagen ID.4

4. Hyundai Ioniq 5

5. Kia EV9

·

  • Japan — The annual export trade value of electric vehicles from Paraguay to Japan in 2024–65 million US dollars

Top 5 variants of electric vehicles exported

1. Peugeot e-208

2. Honda e

3. Fiat 500e

4. Mazda MX-30

5. Audi e-tron GT

  • Mexico — The annual export trade value of electric vehicles from Paraguay to Mexico in 2024–49 million US dollars

Top 5 variants of electric vehicles exported

1. BYD Seal

2. XPeng P7

3. NIO ET7

4. Renault Zoe

5. Chevrolet Bolt EV

  • Australia — The annual export trade value of electric vehicles from Paraguay to Australia in 2024–38 million US dollars

Top 5 variants of electric vehicles exported

1. Lucid Air

2. Polestar 2

3. Hyundai Ioniq 6

4. Kia EV6

5. Volkswagen ID.3

  • South Africa — The annual export trade value of electric vehicles from Paraguay to South Africa in 2024–26 million US dollars

Top 5 variants of electric vehicles exported

1. Tesla Model 3

2. Tesla Model S

3. Nissan Leaf

4. BMW i4

5. Mercedes-Benz EQE

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