Argentina, Brazil and Chile account for 75% of Paraguayan exports in May

In May Paraguayan exports came to US$4.26 billion. Although exports were made to 125 countries, 75% of the total went to Argentina, Brazil, and Chile.  In terms of revenue, Argentina is Paraguay’s largest export market with the total value of trade amounting to US$1,099.4 million, 34.6% of the total (+ 12.6% when compared to May 2019). The main products exported to Argentina were soybeans, yerba mate, and bananas.  Brazil was in second place, with a total of US$1 billion, 32.5% of the total (-6.2% when compared to May 2019). The main products exported to Brazil were soybeans, ethyl alcohol, and beef.  Chile is in third place, with a total of US$245.1 million, which represents 7.7% of the total (-5.7% when compared to May 2019). The products most exported to Chile were rice, metal lids, and ethyl alcohol.

In May, Paraguayan imports totaled US$3.8 billion (-20.3% when compared to May 2019) originating in 139 countries.  China is the main source of imports, totaling US$1.1 billion, 30.8% of the total. Second is Brazil, with 21.2% of the total and third, Argentina, with 8.8% of total imports.  Paraguay’s foreign trade transactions both in exports and imports year-to-date totaled US$8.1 billion, marking a decrease of 21.1% year-on-year.

Sources: Port Portal and IP Agency

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