Best Paraguay 2024 Exports

The country of non -coastal South America is surrounded by Brazil, Argentina and Bolivia, and shipping Paraguay with a value of $ 10.8 billion of products that were exported all over the world in 2024.

This dollar amount is caused by an increase of 26.8 % compared to $ 8.5 billion five years ago during 2020.

On an annual basis, the total value of Paraguay’s exports decreased by -9 % from $ 11.9 billion in 2023.

Based on the average exchange rate for 2024, Paraguay Ghawrani decreased by 10.7 % against the US dollar since 2020 and mitigated by -3.5 % from 2023 to 2024.

The best international customers for Paraguayan exports

The latest available data shows that 87.7 % of the products that were exported from Paraguay were purchased by importers in: Brazil (32.2 % of Paraguayan), Argentina (31 %), Chile (8.6 %), USA (3.8 %), Taiwan (2.1 %), Russia (1.9 %), by 1.7 %) (1.53 %) , Uruguay (1.52 %), India (0.9 %) and Bolivia (0.8 %).

From a continental perspective, 77.3 % of Paraguay’s value exports were delivered to Latin America, with the exception of Mexico, but including the Caribbean, while 9.7 % was sold to Asian importers. Paraguay charging with other commodities by 7.1 % for buyers in Europe.

The smaller percentage of customers in North America (4.5 %) and Africa (1.3 %) and then Oceania Australia and New Zealand only (0.07 %).

Looking at the population of Paraguay of 6.9 million people, a total of $ 10.8 billion in 2024 translates into about $ 1550 per resident in the South America. This amount in dollars for each repression lags average of $ 1,600 before 2023.

The following export products groups classify the highest value of dollars in Paraguay’s global shipments during the year 2024 at the level of the two -digit tariffs symbol (HTS). As shown in the percentage, the share of each export category in terms of total exports of Paraguay.

1. Oil seeds: $ 3.4 billion (31.5 % of total exports)
2. Meat: $ 1.83 billion (17 %)
3. Metal fuel including oil: 1.15 billion dollars (10.7 %)
4. Grains: $ 897 million (8.3 %)
5. Food Industry waste, animal feed: $ 674 million (6.2 %)
6. Animal/plant fats, oils and wax: $ 515.3 million (4.8 %)
7. Electrical machines, equipment: $ 375 million (3.5 %)
8. Aluminum: 165.2 million dollars (1.5 %)
9. Other chemical goods: 150.5 million dollars (1.4 %)
10. Drinks, spirits, vinegar: 126 million dollars (1.2 %)

The 10 best exports in Paraguay constituted 86 % of the total value of Paraguay shipments.

Aluminum was the fastest farm of the 10 best export categories, an increase of 67.9 % from 2023 to 2024.

In second place to improve export sales, the various chemical goods were with 15.5 %.

Paraguay shipments of meat were recorded the third value of value, an increase of 12.6 % on an annual basis.

The pioneering cancellation between the top 10 export categories in Paraguay was the waste of the food and animal feed industry, as the relapse rate was 32 % compared to 2023.

Drilling to the level of the most detailed HTS tariff system, the most profitable Paraguay exports are soy grains (29.4 % of the total Paraguayan exports), electric energy (10.7 %), and RICE (41). BEAN soybean oil (3.8 %), an isolated wire or cable (3.2 %), corn (3 %), then oil seeds (1.9 %).

Products that generate the greatest trade surplus in Paraguay

The following types of Paraguayan products are the net positive exports or trade balance surplus. Investopedia defines clear exports as the value of the total exports in the country, minus the value of its total imports.

In short, the net exports represent the amount in which foreign spending exceeds the goods or services of the country of the country, or fails to spend on the country on foreign goods or services.

1. Oil seeds: $ 3.4 billion (a decrease -6.6 % since 2023)
2. Meat: $ 1.8 billion (an increase of 13.1 %)
3. Grains: 809.7 million dollars (by 27.7 %)
4. Food Industry waste, animal feed: $ 588 million (by -35.3 %)
5. Animal/plant fats, oils, and wax: $ 483.5 million (decrease -20.1 %)
6. Wood: $ 66 million (an increase of 6.7 %)
7. Various textiles, worn clothes: $ 58.5 million (an increase of 26.8 %)
8. Raw leather and leather, not fur and leather: $ 41.4 million (an increase of 22.6 %)
9. Gemstones, precious metals: $ 28 million (an increase of 748.1 %)
10. Fruits, nuts: 21.7 million dollars (decrease -11.5 %)

Paraguay has a very positive net export in the international trade of oil seeds, meat and grains. Oil seeds are products used to make edible oils and vital diesel fuel production. It also serves as high -protein animal feeding. Positive cash flows indicate the strong competitive advantages of Paraguay under related product categories.

Products that cause the greatest trade deficit in Paraguay

Paraguay incurred a commercial deficit of $ 5.8 billion for 2024, which expanded by 35.1 % from -4.3 billion dollars in the red ink before 2023.

Below is exports from Paraguay that lead to negative net exports or a deficit in the balance of the product trade. These negative clear exports reveal the categories of products, as the foreign spending on goods in the homeland, Paraguay, imported Paraguayan, spending on foreign products.

1. Electrical machines, equipment: -2.6 billion dollars (by 11.8 % since 2023)
2. Machines including computers: -2.1 billion dollars (an increase of 9.2 %)
3. Vehicles: -1.6 billion dollars (an increase of 22.3 %)
4. Metal fuel including oil: -1.1 billion dollars (an increase of 103.3 %)
5. Fertilizers: -678.4 million dollars (by -5.7 %)
6. Other chemical goods: -507.5 million dollars (an increase of 20.1 %)
7. Plastic materials, plastic articles: -485.3 million dollars (an increase of 18.9 %)
8. Rubber, rubber articles: -425.7 million dollars (an increase of 4.8 %)
9. Medicines: -403.6 million dollars (by -2.1 %)
10. Organic chemicals: -341.5 million dollars (16 %)

Paraguay has very negative net exports and thus a deep international trade deficit of electronics -related commodities, including consumer electronics.

This palaces in this cash flow clearly indicate Paraguay’s competitive defects in the international electronics market, but also represents major opportunities for Barjway to improve its position in the global economy through concentrated innovations.

Paraguay export companies

According to Wikipedia, the following companies are examples of the leading Paraguayan companies.

• Panco in front of (bank)
• FUNCIONELE (Electronics Company)
• ITAú Unibanco (Bank)
• Petróleos paraguayos (Oil and Gas Company)
• Full Airlines (plane)

In terms of macroeconomics, the total cargo exported by Paraguay represents 8.4 % of its total GDP for a period of 2024 (128 billion dollars with an estimated value of the US dollar to buy US dollars). 8.4 % for export to the GDP PPP 2024 compared to 10.1 % for 2023. These percentages indicate relatively decreasing dependence on products that are sold on the international economic performance of Paraguay, albeit based on a very short time frame.

Another major indicator of the country’s economic performance is the unemployment rate. The average unemployment rate in Paraguay was 5.807 % in 2024, a decrease from 5.886 % on average for 2023, according to the statistics of the International Monetary Fund.

At the local level, the average inflation rate in Paraguay was 3.835 % in 2024, a decrease from 4.632 % on average one year ago.

The capital of Paraguay is Assckion, which is included in the capital area, home to nearly a third of the country’s population.

See too The 10 best imports in Braziland The best trading partners in Braziland The 10 best imports in Argentina and The highest countries export South America

Research sources:
Central Intelligence Agency, Global fact book The features of the countryCentral Intelligence Agency. It was reached on July 18, 2025

Excination-Rates.org, Paraguay Ghawrani (PYG) for US dollar (USD) Date of exchange rates. It was reached on July 18, 2025

Forbes Global 2000 rankingsThe largest public companies in the world. It was reached on July 18, 2025

International Monetary Fund, Global economic expectations database (GDP on the basis of equal purchasing power). It was reached on July 18, 2025

International Trade Center, Trade map. It was reached on July 18, 2025

Investopedia, Definition of clear exports. It was reached on July 18, 2025

Wikipedia, Paraguay companies via industry. It was reached on July 18, 2025

Wikipedia, gross domestic product. It was reached on July 18, 2025

Wikipedia, Purchase of parity. It was reached on July 18, 2025