FX.co ★ Paraguay Posts Record Trade Gap

Paraguay experienced a significant shift in its trade balance by July 2025, registering a trade deficit of USD 841.1 million compared to a surplus of USD 470.1 million at the same time the previous year. This represents the largest trade deficit since January 1994. The change was primarily due to a decline in exports coupled with an increase in imports. Export volume decreased by 6.7% year-on-year, totaling USD 6.5354 billion. This drop was largely driven by a 22.8% reduction in primary product exports, most notably soybeans, which fell by 29.9%, as well as sesame seeds and other commodities, which decreased by 7.1% and 8.3%, respectively. Fuels and energy exports also saw a decline of 3.8%. However, there were increases in exports of agro-industrial products by 8.4% and industrial manufactures by 2.2%. On the other hand, imports rose by 7.3%, amounting to USD 9.888 billion, spurred by a rise in the importation of agro-industrial goods (13.3%), industrial manufactures (11.7%), and primary products (11.6%). Conversely, imports of fuels and lubricants decreased by 20.2%, primarily due to reduced imports of diesel and gasoline.