Overview In May 2023, United States exported $214M and imported $22.2M from Paraguay, resulting in a positive trade balance of $192M. Between May 2022 and May 2023 the exports of United States have increased by $71.2M (49.7%) from $143M to $214M, while imports decreased by $-8.87M (-28.5%) from $31.1M to $22.2M.
Trade In May 2023, the top exports of United States to Paraguay were Telephones ($81M), Computers ($30.7M), Integrated Circuits ($10.2M), Microphones and Headphones ($5.4M), and Blank Audio Media ($3.25M). In May 2023 the top imports of United States from Paraguay were Raw Sugar ($15.1M), Gelatin ($6.16M), Other Oily Seeds ($3.37M), Other Inedible Animal Products ($2.21M), and Insulated Wire ($1.54M).
Origins In May 2023 the exports of United States were mainly from Florida ($145M), Massachusetts ($12M), Iowa ($11.3M), California ($8.37M), and Colorado ($6.51M), while imports destinations were mainly New Jersey ($6.19M), Florida ($3.07M), Illinois ($2.3M), California ($1.63M), and Texas ($1.56M).
Growth In May 2023, the increase in United States's year-by-year exports to Paraguay was explained primarily by an increase in product exports in Computers ($10.5M or 51.7%), Integrated Circuits ($5.71M or 126%), and Mixed Mineral or Chemical Fertilizers ($3.18M or 7.69k%). In May 2023, the decrease in United States's year-by-year imports from Paraguay was explained primarily by an decrease in product imports in Commodities not elsewhere specified ($-1.04M or -85.2%), Gold ($-724k or -67.5%), and Wood Carpentry ($-368k or -62.5%).