Paraguay
South & Central America and the Caribbean
Trade in Paraguay
| Paraguay was the world’s 102nd largest exporter of goods and 105th largest exporter of commercial services in 2022. Export values were $9.96 billion and $2.16 billion USD respectively. Paraguay’s top export category was Agricultural products, followed by Fuels and mining products, and Manufactures. In 2022, Paraguay’s main export destination markets for goods and services trade were to Brazil, Argentina and Chile, with trade representing 73.85 per cent of GDP. In terms of imports, Paraguay is the world’s 95th largest importer of goods and 108th largest importer of commercial services. Import values were $15.85 billion and $2.35 billion USD respectively in 2022. Paraguay’s top import category was Manufactures, followed by Machinery and transport equipment and Chemicals. Leading import partners were China, Brazil and Argentina. Paraguay is part of 8 different Regional Trade Agreements, including Latin American Integration Association (LAIA) and Latin American Integration Association (LAIA) – Accession of Cuba. |
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Paraguay |
Abbreviation |
PY |
Capital |
Asunción |
WTO Membership Date |
1 January 1995 |
Legal System |
civil law system with influences from Argentine, Spanish, Roman, and French civil law models; judicial review of legislative acts in Supreme Court of Justice |
Language |
Guaraní, Spanish |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Paraguayan guaraní |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Links to other helpful resourcesThis section includes additional links to trade-related resources. |
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Trade Information Portal |
https://paraguay.tradeportal.org/procedure/51/step/238?l=es&embed=true&includeSearch=true |
Last Reviewed: June, 2024
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