FX.co ★ Paraguay Trade Balance Swings to Deficit in June

Paraguay experienced a shift from a trade surplus to a trade deficit, reaching USD 697.9 million by June 2025. This contrasts with last year's USD 469 million surplus for the same timeframe. The decline in registered exports by 7.7% year-on-year to USD 5.4657 billion notably contributed to this change, with a significant 24.3% reduction in primary product exports - soybeans alone suffered a 30.4% downturn. However, this was partially mitigated by substantial boosts in maize (up 45.5%), wheat (up 67.8%), and rice (up 116.6%). The agro-industrial sector witnessed a 9.0% increase, driven by robust beef and offal exports, while industrial manufactures saw a modest 2.4% growth, primarily due to higher demand for cables and aluminum. Conversely, energy exports fell by 8.9%. In terms of imports, there was a 7.3% rise, reaching USD 8.2887 billion, driven by increased acquisitions of industrial manufactures (up 11.0%), agro-industrial goods (up 14.2%), and primary products (up 18.1%). Notably, fuel and lubricant imports decreased by 18.3%, indicating weaker demand for diesel and gasoline. This transition highlights a combination of reduced external sales and strengthened domestic demand.