Paraguay total imports increase by 16.1% in 2022

Paraguay’s trade balance ended in 2022 with a deficit of US$ 1,288.9 million, explained by the 16.1% increase in total imports disclosed by the Central Bank of Paraguay (BCP).

At the end of 2022, total exports reached US$ 13,875 million (1.5% less than in 2021), and total imports reached US$ 15,191.4 million (16.1% more).

The primary products, soybeans and sesame, had the greatest negative impact on exports, while corn had the greatest positive impact. These products’ registered exports totaled $2.990 million, a 24.9% decrease from the previous year.

On the other hand, manufactures of agricultural origin (MOA) registered an increase of 2.1% compared to the year-to-date value in 2021, reaching US$ 3,745.7 million.

This increase was mainly due to higher shipments of insecticides, fungicides and herbicides, scraps of pig iron, foundry, iron or steel and wires, cables, and other insulated electrical energy conductors with connections.

Finally, fuel and energy exports increased by 3.0% year-on-year, reaching USD 1,679.0 million with an impact of 0.5% on the total.

Imports – Paraguay

Imports of goods for domestic use totaled USD 12,233.9 million in 2022, an increase of 17.5% compared to the previous year. Imports of goods under the Tourism regime (re-exports) showed an increase of 11.4%.

Comparing imports in 2022 by type of use, capital goods for re-export increased by 5.2%, while capital goods for domestic use increased by 8.4%. In the Tourism Regime, consumer goods grew by 31.5%, while intermediate goods grew by 45.0%.

Source: Portal Portuario

To read the full original reporting, please access: https://portalportuario.cl/importaciones-totales-de-paraguay-aumentan-161-durante-2022/

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