
Paraguay recorded a US$ 162.2 million trade deficit in January after reporting US$ 1.2864 billion in exports and US$ 1.4486 billion in imports, according to the Central Bank of Paraguay’s (BCP) monthly foreign trade report.

Paraguayan exports have recorded significant improvements this year, according to reports released in Asunción this week.

Mercosur partner Paraguay, with a most disfavorable trade balance with UK is planning an ambitious project to enable the country in a few years reach an export bill of some US$ 900 million annually.

Exports of Paraguayan goods in the month of February of 2022 have surpassed those of the same month of the previous year, according to a Central Bank (BCP) report which also showed revenues had reached US$ 1,602.9 million.