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Montevideo, September 19th 2018 - 13:23 UTC

Paraguay soy exports reach 1.55bn dollars in first five months of 2013

Monday, June 10th 2013 - 14:02 UTC
Full article 4 comments
Soy shipments are up 81% compared to the same period a year ago Soy shipments are up 81% compared to the same period a year ago

Soybeans, electricity and beef figure as the main export items of landlocked Paraguay, during the first five months of the year. According to a release from the Ministry of Industry and Trade, exports at the end of May reached 4,12bn dollars compared to 2.96bn a year ago, which represents a 57.3% increase.

Soy leads with 1.55bn dollars, up 81%, followed by electricity with 914 million dollars (slight drop of 1.1%) and beef, 310 million dollars plus 65 million whether frozen or chilled. Corn exports represented 84.7 million dollars and rice, 82.3 million. Forestry was down 11.3%, so were fruit and vegetables, with the exception of bananas that soared 240% over a year ago.

Light manufacturing: textiles and clothing wee also up, 13.6% in the first five months of the year and stevia, natural sugar, suffered a drop of 23% because of a fall in price, but the sucrose extract was up 26.6%.

Among Paraguay’s main trade partners figure Brazil with 15% of Paraguayan sales, followed by Russia with 13% (main buyer of beef). Italy, Germany, Chile and Spain have 5% each; Mexico, 4%; Turkey, Argentina and Peru, 3% each according to the Ministry of Industry and Commerce stats.

Paraguay ranks as the world’s fourth exporter of soybeans and among the leading ten in beef.
 

Categories: Agriculture, Economy, Paraguay.

Top Comments

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  • Anglotino

    Wow that's a massive increase especially considering the world economy.

    However the article only spoke about 61% of the export destinations. What about the other 39%?

    Though I was surprised to see that only 18%of exports go to its neighbours. It really does seem if Paraguay has the outward looking trade of the Pacific Alliance and not the closed in trade of Mercosur.

    Jun 10th, 2013 - 08:33 pm 0
  • CJvR

    I suspect they snap up Argentine markets as KFC is flying her country into the ground. Still it is nice to see the saner countries in the region prosper.

    Jun 11th, 2013 - 08:47 am 0
  • Conqueror

    Let's take a look at “forced” exports of electricity to argieland and Brazil. Latest research indicates that argieland and Brazil are “paying” Paraguay an extremely low price for electricity from the Itaipu and Yacyreta dams. Honest countries would increase what they pay. No chance of that with argieland!

    Jun 11th, 2013 - 12:02 pm 0
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