2018
Exports
$3.26BWorld Rnk 3 / 142
Flag Rnk 1 / 767
2023
PRODUCT COMPLEXITY IN Soybeans
-1.67Rnk 968 / 1025
2018
Imports
$7.64MWorld Rnk 79 / 193
Flag Rnk 253 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2018, Paraguay exported $3.26B in Soybeans, making it the 3rd largest exporter of Soybeans in the world. At the same year, Soybeans was the 1st most exported product in Paraguay. The main destination of Soybeans exports from Paraguay are: Argentina ($3.03B), Russia ($129M), Brazil ($89.2M), Switzerland ($2.48M), and United States ($2.33M).

The fastest growing export markets for Soybeans of Paraguay between 2022 and 2023 were Argentina ($1.96B), Russia ($83.5M), and Switzerland ($1.86M).

Imports In 2023, Paraguay imported $7.64M in Soybeans, becoming the 79th largest importer of Soybeans in the world. At the same year, Soybeans was the 253rd most imported product in Paraguay. Paraguay imports Soybeans primarily from: Brazil ($6.83M), Argentina ($600k), Bolivia ($193k), Chile ($19.2k), and United States ($55).

The fastest growing import markets in Soybeans for Paraguay between 2022 and 2023 were Brazil ($3.03M), Chile ($19.2k), and United States ($55).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Soybeans. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.26B
IMPORTS (2023)$7.64M
NET TRADE (2023)$3.25B

In 2023, Paraguay exported $3.26B in Soybeans. The main destinations of Paraguay exports on Soybeans were Argentina ($3.03B), Russia ($129M), Brazil ($89.2M), Switzerland ($2.48M), and United States ($2.33M).

In 2023, Paraguay imported $7.64M in Soybeans, mainly from Brazil ($6.83M), Argentina ($600k), Bolivia ($193k), Chile ($19.2k), and United States ($55).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Argentina$1.96B (184%)
Russia$83.5M (182%)
Switzerland$1.86M (299%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Paraguay WERE (2022 - 2023):
Brazil-$86.6M (-49.3%)
United Arab Emirates-$3.93M (-100%)
Canada-$200k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Soybeans were:
In 2023, Paraguay's main importing competitors in Soybeans were:
China $56.6B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $15.5M
TOP IMPORT POTENTIALBrazil+ $6.7M

Soybeans’s highest export potential is Russia. With an export gap of $15.5M.   Soybeans’s highest import potential is Brazil with an import gap of $6.7M.

See methodology.

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