2023
Exports
$503MWorld Rnk 5 / 137
Flag Rnk 7 / 767
falsefalse India
2023
PRODUCT COMPLEXITY IN Soybean Oil
-0.85Rnk 795 / 1025
2023
Imports
$1.2MWorld Rnk 128 / 212
Flag Rnk 573 / 1127
2023
ECONOMIC COMPLEXITY of Paraguay
-0.42Rnk 81 / 132

About

Exports In 2023, Paraguay exported $503M in Soybean Oil, making it the 5th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 7th most exported product in Paraguay. The main destination of Soybean Oil exports from Paraguay are: India ($182M), Bangladesh ($93.1M), Argentina ($87.9M), Peru ($44.5M), and Pakistan ($39.4M).

The fastest growing export markets for Soybean Oil of Paraguay between 2022 and 2023 were Bangladesh ($52.5M), India ($40.3M), and Peru ($22M).

Imports In 2023, Paraguay imported $1.2M in Soybean Oil, becoming the 128th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 573rd most imported product in Paraguay. Paraguay imports Soybean Oil primarily from: Brazil ($968k), Argentina ($201k), and Bolivia ($29.8k).

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 Soybean Oil. 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)$503M
IMPORTS (2023)$1.2M
NET TRADE (2023)$502M

In 2023, Paraguay exported $503M in Soybean Oil. The main destinations of Paraguay exports on Soybean Oil were India ($182M), Bangladesh ($93.1M), Argentina ($87.9M), Peru ($44.5M), and Pakistan ($39.4M).

In 2023, Paraguay imported $1.2M in Soybean Oil, mainly from Brazil ($968k), Argentina ($201k), and Bolivia ($29.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Paraguay WERE (2022 - 2023):
Bangladesh$52.5M (129%)
India$40.3M (28.5%)
Peru$22M (97.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Paraguay WERE (2022 - 2023):
Argentina-$45.8M (-34.2%)
Nepal-$29.4M (-100%)
Pakistan-$14.7M (-27.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Paraguay's main exporting competitors in Soybean Oil were:
In 2023, Paraguay's main importing competitors in Soybean Oil were:

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $5.99M
TOP IMPORT POTENTIALBrazil+ $1.29M

Soybean Oil’s highest export potential is United States. With an export gap of $5.99M.   Soybean Oil’s highest import potential is Brazil with an import gap of $1.29M.

See methodology.

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