Paraguay Balance of Trade

Last Release

May 31, 2025

Actual

-538,400

Units In

USD Thousands

-311,700

Frequency

Monthly

Next Release

Jul 11, 2025

Time to Release

26 Days 16 Hours

Highest	Lowest	Average	Date Range	Source
245,767 Apr 2023	-2,386,900 Oct 2023	-132,218.78 USD Thousands	1994-2025	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 widened to USD 538.4 million in May 2025, reversing a surplus of USD 420.9 million in the same period last year. Registered exports fell 8.4% year-over-year to USD 4.53 billion, driven by a 21% drop in primary products, especially soybeans (-26.8%), partly offset by gains in wheat and corn. Agro-industrial goods rose 3.3% on strong beef exports, and industrial manufactures increased 2.7%, led by aluminum and electrical cables. Energy exports dropped 11.9%. Meanwhile, registered imports grew 5.4% to USD 6.85 billion, fueled by increased purchases of industrial goods (+9%), agro-industrial goods (+11.9%), and primary products (+14.9%). Fuel and lubricant imports declined 19.1% due to lower diesel and gasoline demand. The shift reflects both falling external sales and stronger domestic demand.