Paraguay Import 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 2024, it ranked 105 globally in GDP, showcasing a dynamic economy shaped by its geographical location.

Introduction:
Paraguay, a landlocked country in South America, relies on a variety of imports to support its agricultural and manufacturing sectors. Key imports include machinery, electronics, and consumer goods, which are essential for boosting productivity and meeting the demands of its population.

Economic Overview:
Paraguay’s economy is driven primarily by agriculture and livestock, complemented by a growing manufacturing sector. Despite its lower GDP ranking, imports play a crucial role in providing the necessary inputs for these industries. Recent economic policies aim to diversify the economy and reduce dependency on agricultural exports.

Political and Regulatory Environment:
Paraguay maintains a stable political environment with a focus on economic liberalization and attracting foreign investment. Changes in trade policies and customs regulations have been implemented to facilitate easier import processes and enhance trade partnerships.

Opportunities and Challenges for Exporters:
Opportunities for exporters include supplying industrial machinery, technological equipment, and pharmaceuticals. Challenges include navigating the landlocked geography which impacts logistics and transportation costs, as well as dealing with periodic shifts in trade and tax policies.

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 Import Products:

1. Refined petroleum (HS code: 2710) - Energy needs.
2. Automobiles (HS code: 8703) - Transportation sector.
3. Mobile phones (HS code: 8517) - Telecommunications.
4. Pesticides (HS code: 3808) - Agriculture industry.
5. Computers (HS code: 8471) - Technology and infrastructure.
6. Medicaments (HS code: 3004) - Healthcare sector.
7. Wheat (HS code: 1001) - Food industry.
8. Tires (HS code: 4011) - Automotive needs.
9. Iron and steel (HS code: 7201) - Construction and manufacturing.
10. Footwear (HS code: 6403) - Consumer goods market.

Solution for Global Exporters:

Exporters aiming to enter or expand in the Paraguayan market should utilize Volza’s online import data. This resource provides insights into the latest market trends and buyer preferences, helping exporters to effectively plan and execute their market strategies. Visit Volza to explore detailed import data and seize opportunities efficiently.