The Investment and Export Network (Rediex) announced 2024 as a year of exceptional achievements and records for the maquila industry, solidifying its role as a key pillar of national economic development.
This year, 36 new maquila company programs were approved, representing a cumulative investment of US$103 million. These projects boosted the economy and created 4,928 new direct jobs, bringing the total number of jobs in the sector to 29,956.
In terms of exports, the maquila industry shattered records with a total volume of $1.119 billion, of which $1.087 billion came from consumer goods and $32 million from intangible services.
Maquila industry benefits from public-private partnerships
A government spokesperson put the results down to continued improvement in Public-private partnerships. “This performance reflects the joint efforts of a vibrant private sector and a committed public sector focused on streamlining and simplifying processes. The synergy between these sectors was essential to ensure a competitive and attractive investment environment.”
“Thanks to public entities and companies that believe in Paraguay. These achievements are the result of collective commitment, and we are doubling our efforts to break even more records in 2025,” said Rediex in a press release.
“These numbers reaffirm the maquila industry’s importance in the Paraguayan economy. It projects a future of further growth and consolidation. This year’s successes are a testament to Paraguay’s potential as a competitive destination for investment and global exports.”
