Paraguay Balance of Trade

Last Release

Sep 30, 2024

Actual

-402,264.23

Units In

USD Thousands

-410,082

Frequency

Monthly

Next Release

Nov 12, 2024

Time to Release

27 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
245,767 Apr 2023	-2,386,900 Oct 2023	-123,976.51 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 narrowed to USD 402.26 million in September 2024, down from USD 434.27 million in the same month last year. Exports declined by 13.1% year-on-year to USD 835.37 million, primarily due to sharp drops in shipments of primary products (-26.1%), agricultural goods (-4.5%), and energy and fuel (-24.1%). Imports also decreased, falling by 11.3% to USD 1,237.63 million, driven by reduced purchases of intermediate goods (-7.9%) and capital goods (-23.8%), while consumer goods imports increased by 4.4%.