Paraguay records over US$2.2 billion in exports in February 2023

Mar, 17, 2023 Posted by Gabriel Malheiros

Week 202313

A foreign trade report of the Central Bank of Paraguay revealed that, by February 2023, exports reached a value of US$ 2,203.1 million, 22.8% higher than the US$ 1,794.3 million seen last February.

Re-exports, accounting for 32% of the total, reached a value of US$ 704.6 million, with an increase of 46.4% compared to the same period last year.

Other kinds of exports, with a share of 7.5%, increased by 196.7% compared to the February 2022 value, standing at USD 164.2 million. The growth in corn, electricity, and soybean shipments explains the export growth.

By February 2023, the country’s total imports reached US$ 2,313.1 million, 3.5% above the same period of the previous year. However, in volumes, there was a reduction of 21.9%.

Finally, the trade balance in the second month of 2023 recorded a deficit of USD 110.0 million, USD 330.1 million less than in February 2022.

Source: PortalPortuario

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