2022
Exports
$606MWorld Rnk 43 / 210
Flag Rnk 6 / 94
2022
PRODUCT COMPLEXITY IN Animal or vegetable fats, oils, & waxes
0.8Rnk 244 / 1025
2022
Imports
$26.6MWorld Rnk 152 / 224
Flag Rnk 55 / 96
2022
ECONOMIC COMPLEXITY of Paraguay
-0.34Rnk 81 / 133

About

Exports In 2022, Paraguay exported $606M in Animal or vegetable fats, oils, & waxes, making it the 43rd largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 6th most exported product in Paraguay. The main destination of Animal or vegetable fats, oils, & waxes exports from Paraguay are: Argentina ($144M), India ($142M), Brazil ($93.3M), Pakistan ($54M), and Bangladesh ($40.7M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Paraguay between 2021 and 2022 were Argentina ($105M), Chile ($16.7M), and United States ($15.6M).

Imports In 2022, Paraguay imported $26.6M in Animal or vegetable fats, oils, & waxes, becoming the 152nd largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 55th most imported product in Paraguay. Paraguay imports Animal or vegetable fats, oils, & waxes primarily from: Argentina ($12.4M), Brazil ($9.86M), Chile ($895k), Spain ($676k), and Italy ($540k).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Paraguay between 2021 and 2022 were India ($270k), Malaysia ($213k), and Chile ($149k).

Latest Trends

Jul 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 Animal or vegetable fats, oils, & waxes. 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 (2022)$606M
IMPORTS (2022)$26.6M
NET TRADE (2022)$579M

In 2022, Paraguay exported $606M in Animal or vegetable fats, oils, & waxes. The main destinations of Paraguay exports on Animal or vegetable fats, oils, & waxes were Argentina ($144M), India ($142M), Brazil ($93.3M), Pakistan ($54M), and Bangladesh ($40.7M).

In 2022, Paraguay imported $26.6M in Animal or vegetable fats, oils, & waxes, mainly from Argentina ($12.4M), Brazil ($9.86M), Chile ($895k), Spain ($676k), and Italy ($540k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal or vegetable fats, oils, & waxes EXPORT MARKETS FOR Paraguay WERE (2021 - 2022):
Argentina$105M (268%)
Chile$16.7M (688%)
United States$15.6M (656%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal or vegetable fats, oils, & waxes BY Paraguay WERE (2021 - 2022):
India-$78.4M (-35.6%)
Bangladesh-$78.2M (-65.8%)
Egypt-$59M (-96.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Paraguay's main exporting competitors in Animal or vegetable fats, oils, & waxes were:
In 2022, Paraguay's main importing competitors in Animal or vegetable fats, oils, & waxes were:

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Trade Value of Animal or vegetable fats, oils, & waxes by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $10.2M
TOP IMPORT POTENTIALArgentina+ $1.37M

Animal or vegetable fats, oils, & waxes’s highest export potential is United States. With an export gap of $10.2M.   Animal or vegetable fats, oils, & waxes’s highest import potential is Argentina with an import gap of $1.37M.

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