The first half of 2024 closed with the “conquest” of 26 destinations for national manufactures, such as beef, biodiesel, dried grains, wheat, rice, trifles, among other products that entered new markets, for a value greater than USD 10 million, according to Rediex data.
The Intelligence Directorate of the Investment and Export Network (Rediex) reported that, in the first half of the year, Paraguayan products managed to connect with more countries for distribution, reaching a value of USD 10.9 million.
It is worth mentioning that, although Paraguay already has a commercial relationship with these countries, such is the case of Mexico, Uruguay, Brazil, Argentina, the United States, Peru, among others, these mentioned manufactures entered these markets for the first time in the first half of 2024.
To calculate what counts as “new”, the last seven years of trade data was taken into account, plus the current year, in which there should be no record of more than USD 50,000, in the sum. However, Rediex they pointed out that the existence of exports prior to this observation period is not ruled out.
Products and destinations
Regarding national manufactures, the quantity exported and their destinations in the first six months of the year, the report details the following:
- Central African Republic: beef was exported for a value of USD 108,363.
- Uruguay: For the country charrúa, the floating platforms reached a value of USD 913,800, as well as leather prepared after tanning for USD 70,767.
- United States: To North America in the first semester, the export of dry grains of distillery with corn soluble was achieved in the amount of USD 97,446.
- Peru: Paraguay managed to send meat and bone meal worth USD 399,659.
- Portugal: For a total of USD 298,324, cotton was exported to this market.
- Norway: In that country, bovine meat, both frozen and refrigerated, was sent for a total of USD 459,180.
- Mexico: Panified, specifically gray, for USD 374,220 and parquet floors for USD 56,233 were exported to this market.
- Puerto Rico: Bovine meat, whether frozen and / or fresh, continues to add new markets. At this destination it was sent in the amount of USD 817,647.
- Brazil: In the neighboring country, methylated oil was exported in the first half for USD 107,516.
- Germany: Eucalyptus plywood entered this destination for USD 186,996.
- British Virgin Islands: In it, soybean oil was sent for a value of USD 323,595.
- Indonesia: Wheat grains totaled USD 106,533.
- United Kingdom: In the Anglo-Saxon country, fetal bovine serum was exported for USD 231,593 and methyl ester (Biodiesel) for USD 3,786,395.
- Dominican Republic: In it, rice grains were exported for USD 677,894.
- Chile: Balanced for USD 140,455 and gelatin for USD 107,257 were sent.
- Argentina: Curtains entered in the neighboring country for USD 146,857.
- Libya: Small Claims for USD 172,413.
- Spain: Electrical compensators for USD 56,884, parts for transportation equipment for USD 188,141 and books for USD 52,977.
- Cambodia: Tricks for USD 170,070 and casings for a value of USD 88,508.
- Algeria: Peanut for USD 189,100.
- Guatemala: Rice was sent in the amount of USD 78,300 and saved in USD 64,723, in the first semester.
- Mainland China: In the Asian country, cotton was exported for USD 168,441 and raw lead for USD 51,183.
- Oman: Cotton grains for USD 56,083.
- Thailand: Samu’u plants USD 65,658.
- Italy: Paddle sticks for USD 59,024.
- Saudi Arabia: Wooden furniture for USD 56,504.
The newly-released data highlights the diversity of Paraguayan products that are marketed internationally, reflecting the opportunities of globalisation and the interconnection of markets, as well as the opportunity that exists for Paraguayan businesses to continue to grow their operations and therefore the country’s economy.
