[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · PRY · 2024
Paraguay trade profile
In 2024, Paraguay recorded $11.1B in merchandise exports and $15.1B in imports, producing a $4.0B trade deficit. Exports changed -5.4% from the previous year, while imports changed +7.8%.[1]
Exports
$11.1B
-5.4%
Imports
$15.1B
+7.8%
Trade balance
-$4.0B
deficit
Active partners
270
6 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$3.4B
HS 12 · HS chapter
39 active HS6 lines · 101 export partners
2$1.7B
HS 02 · HS chapter
36 active HS6 lines · 83 export partners
3$1.3B
HS 27 · Mineral fuels and oils
32 active HS6 lines · 9 export partners
4$967.1M
HS 10 · Cereals
21 active HS6 lines · 62 export partners
5$815.3M
HS 23 · HS chapter
18 active HS6 lines · 55 export partners
6$542.9M
HS 15 · HS chapter
40 active HS6 lines · 54 export partners
7$364.4M
HS 85 · Electrical machinery
259 active HS6 lines · 79 export partners
8$160.7M
HS 76 · HS chapter
33 active HS6 lines · 39 export partners
Leading export markets
Destinations rank bilateral export flows from Paraguay; growth describes each corridor rather than the whole economy.
1$3.5B
Brazil
Annual change +18.1% · 3-year CAGR -0.6%
2$3.3B
Argentina
Annual change -18.6% · 3-year CAGR 6.6%
3$999.3M
Chile
Annual change -15.9% · 3-year CAGR -0.5%
4$367.8M
United States
Annual change +44.9% · 3-year CAGR 23.9%
5$243.2M
Peru
Annual change +8.1% · 3-year CAGR 10.5%
6$210.0M
Taiwan
Annual change -3.1% · 3-year CAGR 9.7%
7$207.0M
Russia
Annual change -22.4% · 3-year CAGR -35.1%
8$163.8M
Uruguay
Annual change -34.4% · 3-year CAGR 13.6%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.