Paraguay Export Trade Data

Paraguay: Navigating Landlocked Trade Dynamics in South America

Positioned in the heart of South America, Paraguay presents unique trade opportunities and challenges. In 2023, it ranked 97th globally in GDP, showcasing a dynamic economy shaped by its geographical location.

Introduction:
Paraguay, nestled in the heart of South America, is a significant exporter known for its agricultural and livestock sectors. These industries not only meet global market demands but also drive the nation’s economic growth, offering excellent opportunities for global importers interested in organic and sustainable products.

Economic Overview:
Paraguay's economy is predominantly agricultural, with strong contributions from the energy sector due to hydropower. Although not among the highest GDPs globally, exports play a crucial role in its economy, particularly in soy, meat, and electricity. The government is actively working to diversify the economy, including efforts to boost the manufacturing sector.

Political and Regulatory Environment:
The political environment in Paraguay has been relatively stable, with recent policies favoring market liberalization and export growth. Trade agreements in the Mercosur bloc facilitate access to neighboring markets, enhancing export prospects.

Opportunities and Challenges for Importers:
Paraguay offers attractive opportunities in organic agriculture and renewable energy. However, importers might face challenges such as underdeveloped logistics and fluctuating regulatory policies that can affect the smoothness of trade operations.

Positives:

1. Hydroelectric Power: Paraguay's abundance of hydroelectric power, notably from the Itaipu Dam, provides a competitive advantage, supporting industrial growth and trade competitiveness.
2. Agricultural Exporter: A major exporter of soybeans and beef, Paraguay leverages its fertile land to contribute significantly to global agricultural trade.
3. Mercosur Membership: As a member of Mercosur, Paraguay benefits from preferential trade agreements, fostering economic cooperation with neighboring countries.

Negatives:

1. Landlocked Challenge: Being landlocked poses logistical challenges, relying on infrastructure in neighboring countries for seaborne trade.
2. Limited Industrial Diversification: Reliance on agriculture exposes the economy to commodity price fluctuations and weather-related risks.
3. Infrastructure Gaps: Despite progress, certain areas still face infrastructure challenges, impacting trade efficiency and economic growth.

Paraguay import-export data, including buyer and supplier names, is available on the Volza Platform.

Top 10 Export Products:

1. Soybeans (HS Code: 1201) - Major agricultural export.
2. Beef (HS Code: 0201) - High-quality, grass-fed varieties.
3. Electricity (HS Code: 2716) - Predominantly from renewable sources.
4. Corn (HS Code: 1005) - Essential for both food and feed.
5. Wheat (HS Code: 1001) - Important staple crop.
6. Soybean Meal (HS Code: 2304) - For global livestock feed.
7. Leather (HS Code: 4107) - High-grade leather goods.
8. Tung Oil (HS Code: 1515) - Derived from native tung trees.
9. Poultry Meat (HS Code: 0207) - Increasingly popular in exports.
10. Sugar (HS Code: 1701) - Both raw and processed forms.

Solution for Global Importers:

Global importers are encouraged to tap into Paraguay's diverse export offerings through Volza’s online export data. This resource enables importers to navigate the complexities of the Paraguayan market efficiently, identifying and leveraging opportunities swiftly. Start exploring with Volza today and discover viable trade prospects in minutes.