Paraguay Balance of Trade

Last Release

Nov 30, 2024

Actual

-634,147.43

Units In

USD Thousands

-587,725.05

Frequency

Monthly

Next Release

Jan 13, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
245,767 Apr 2023	-2,386,900 Oct 2023	-126,601.63 USD Thousands	1994-2024	Banco Central del Paraguay

In recent years, exports of agricultural commodities have surged in Paraguay. Shipments of soy, meat and cereals account for 58 percent of total exports. Main imports are: machinery, appliances and motors (30 percent of total imports); fuels and lubricants (12 percent); and chemicals (9 percent). Main trading partners are: Brazil (32 percent of total exports and 21 percent of imports) and Argentina (23 percent of exports and 9 percent of imports). Others include: China and the United States.

Latest Updates

Paraguay's trade deficit widened to USD 634.15 million in November 2024, up from USD 289.22 million deficit in the same month last year. Exports fell by 6.5% year-on-year to USD 682,68 million, primarily due to sharp drops in shipments of primary products (-51.8%), agricultural goods (-23.1%), and energy and fuel (-37.7%). Meanwhile, imports rose by 6.2% to USD 1,316.83 million, driven by increased purchases of capital goods (4.5%) and consumer goods (5%), while intermediate goods imports decreased by 3.2%.