Paraguay export diversification advances with 75 products in new markets

Paraguay expanded its export footprint in the first seven months of 2026, with 75 products reaching new destinations as the country seeks to diversify beyond its traditional commodity base.

According to Rediex, Paraguay’s export and investment promotion agency under the Ministry of Industry and Commerce, eight products entered international markets for the first time during the period. The new product-destination flows reached 43 countries, pointing to broader market access for Paraguayan goods.

Rediex considers a new product-destination case to be a shipment worth more than US$50,000 in 2026 that had not exceeded that threshold between 2019 and 2025. The criterion is intended to separate commercially relevant new flows from smaller one-off operations.

The diversification comes as Paraguay’s foreign trade continues to expand. Total exports reached US$7.88 billion through July 2026, up 20% from the same period last year, according to Banco Central del Paraguay data cited by local media.

Biodiesel was the standout new export flow. Shipments to Singapore totaled US$5.5 million through July, making it the largest new product-destination operation identified during the period.

Other new markets also emerged. Nepal received Paraguayan sunflower oil, mung beans and cotton fiber, while safflower oil found a new destination in Uruguay. Sunflower oil also expanded its international presence with shipments to Nepal and Malaysia.

The trend was not limited to agricultural goods. Paraguay exported modular electrical containers to Uruguay and aluminum electrical conductors to Guyana for the first time. Salted bovine casings entered Ukraine, while veneered wood reached Sweden, highlighting a broader mix of agroindustrial, industrial and forestry-related shipments.

The figures point to a gradual shift in Paraguay’s export profile. Primary goods still carry significant weight in the country’s trade basket, but agroindustrial manufactures account for 35.1% of exports, while industrial manufactures represent 16.7%, according to reporting based on BCP data.

For exporters, freight forwarders and logistics operators, Paraguay export diversification creates new demands for documentation, market access, certification, packaging and transport planning. New destinations also require reliable routes and service options, particularly for products moving through regional corridors before reaching overseas markets.

The expansion of product-destination flows suggests Paraguay is gaining room to build more resilient trade links, reduce dependence on a narrow group of buyers and increase the role of higher-value goods in its export basket.

Source: AgroLatam, based on MIC/Rediex and BCP data

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