Paraguay Export Boom: Sales Hit US$12.1B, Up 25%

In the first seven months of 2026, Paraguay's exports soared to US$12.1 billion, marking a 25% increase compared to the same period in 2025, as reported by the Central Bank of Paraguay (BCP). This export surge pushed the trade balance back into surplus, reversing a deficit from the previous year. The major drivers behind this export boom are soybeans, soy derivatives, and cross-border factory goods produced in Paraguay.

Raw soybean shipments alone contributed US$2.65 billion, a 50% increase from 2025, while soybean oil and soybean meal added US$432.3 million and US$432.2 million respectively, with single-digit growth rates. Additionally, maquila factory goods rose by 32.1% to US$858.7 million. Although total imports grew to US$11.45 billion, exports expanded at a faster pace, resulting in a surplus of US$679.1 million.

Paraguay's trade growth is heavily influenced by its strong soybean harvest and favorable prices, as well as the country's maquila industry, which accounts for a significant portion of exports. However, this growth story is not uniform across all sectors; beef exports fell by 7.4%, and electricity exports declined by 19.3%, likely due to increased domestic consumption.

Argentina is the top destination for Paraguay's exports, accounting for 41.6% of total shipments, while Brazil and Chile follow with 25.3% and 11.5% respectively. This export boom benefits Paraguay's economy by generating foreign currency, supporting the guaraní, and maintaining stable inflation and interest rates, making the country an attractive destination for farmers, manufacturers, and remote workers seeking a low-cost, low-tax environment.