Paraguay Trade Deficit Widens in July

Paraguay's trade deficit widened to $95.98 million in July 2026 from $89.07 million a year earlier, as imports grew faster than exports. Imports surged 30.6% year-on-year to $2.04 billion, led by increases in purchases of intermediate goods (36.9%), capital goods (36.7%), and consumer goods (18.2%). Meanwhile, exports rose 32% to $1.94 billion. Sales of primary products increased 27.7%, while agricultural manufacturing exports rose 24.2% and industrial manufacturing exports jumped 40.9%.

Paraguay's trade balance rebounded to a $47.09 million surplus in June 2026 from a $160.11 million deficit in the same month a year earlier. Exports rose 25.1% year-on-year to $1.74 billion, driven mainly by higher shipments of soybeans, soybean oil, and beverages, alcoholic liquids, and vinegar. Imports increased 9.2% to $1.70 billion, with fuels and lubricants, automobiles, SUVs and pickup trucks, and electrical equipment contributing the most to the increase. As a result, Paraguay posted a trade surplus of $746.6 million in the first half of 2026, compared with a $373.8 million deficit in the same period a year earlier.

Paraguay’s trade balance swung to a $98.1 million surplus in May 2026 from a $201.3 million deficit in the same month a year earlier. Exports rose 22.6% year-on-year to $1.70 billion, driven mainly by a 58.4% increase in primary goods shipments. Exports of industrial manufactures advanced 33.4%, while exports of agricultural manufactures fell 7.5%. Shipments of fuels and energy declined 19.6%. Meanwhile, imports increased 0.8% to $1.60 billion. Purchases of consumer goods rose 6.4%, while imports of intermediate goods increased 20.4%. In contrast, imports of capital goods fell 13.7%.