RIO DE JANEIRO, BRAZIL – In the first four months of 2022, the Common Market of the South (Mercosur) was the main destination of Paraguay’s exports, representing 64.7% of total shipments, according to the Executive Advance of the Foreign Trade Report (RCE) of the Ministry of Finance.
As of April 2022, the main export destinations were Brazil (36.6%), Argentina (24.4%), Chile (9.2%), Uruguay (3.7%), and the United States (3.1%). Among the destinations of shipments, the markets of Taiwan (77%) and Israel (79%), two trading partners with which Paraguay has tariff preferences, stood out.
Registered exports totaled US$3.2 billion, 5.8% less than shipments verified in the first four months of 2021. If “re-exports” and “other exports” are included, the year-on-year decrease in total exported goods was 0.2%.
On the other hand, the report mentions that China was the main origin of imports, reaching 33% of total imports. While the other main origins were Brazil (21.8%), Argentina (8.5%), the United States (6.6%), and India (2.9%), according to the Executive Advance prepared by the Directorate of Integration under the Undersecretariat of State for Economy (SSEE).
Meanwhile, from January to April 2022, registered imports totaled US$4.8 million (CIF), 27.2% more than what was registered as of the first four-month period of 2021. Considering “imports” (FOB) and including “other imports”, the year-on-year increase in total imported goods was in the order of 24.9%.
Regarding the inter-annual variation of products with the highest incidence (January-April 22/21), in terms of exports, soybean grains (-32.2%) and electric energy (-24.8%) were the products with the highest incidence in the fall recorded, while the products with the highest positive incidence were soybean oil and soybean flour with increases of 82.8% and 18.4%, respectively.
Regarding imports, fuels and electronic telephony devices continue to be those with the highest incidence since the inter-annual variation of the mentioned products was 29.1% and 28.2%, respectively, based on the information provided by the Fiscal portfolio.