Paraguay

Paraguay ranked No. 84 in total trade value through May with a total of $542.9 million. Exports totaled $484.67 million and Imports totaled $58.23 million, a surplus of $426.44 million.

U.S. trade with Paraguay rose to $473.98 million through May

Paraguay’s trade with the United States rose to $473.98 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 45.9 percent below its total trade during the same time period last year. U.S. exports to Paraguay decreased 48.78 percent while U.S. imports from Paraguay rose 2.8 percent. The U.S. surplus with Paraguay was $373.39 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Miami Int’l Airport; No. 2 Port Everglades, Fla.; No. 3 Port of New York; No. 4 Port of New Orleans; and No. 5 Port of Baltimore, Md.. During the same period the previous year, the top five were No. 1 Miami Int’l Airport; No. 2 Port of Corpus Christi, Texas; No. 3 Port Everglades, Fla.; No. 4 Port of Houston and No. 5 Port of New Orleans. In the current time period, the top five accounted for 83.39 percent of Paraguay’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 47.56 percent to $372.14 million.
    Exports fell 47.73 percent to $367.77 million. Imports fell 27.08 percent to $4.37 million.
  • Trade with No. 2 Port Everglades, Fla. fell 14.68 percent to $41.28 million.
    Exports fell 18.4 percent to $38.74 million. Imports rose 179.99 percent to $2.54 million.
  • Trade with No. 3 Port of New York rose 4.42 percent to $15.66 million.
    Exports fell 39.3 percent to $3.52 million. Imports rose 31.97 percent to $12.14 million.
  • Trade with No. 4 Port of New Orleans fell 25.78 percent to $12.48 million.
    Exports fell 22.63 percent to $7.17 million. Imports fell 29.65 percent to $5.31 million.
  • Trade with No. 5 Port of Baltimore, Md. rose 2.88 percent to $11.19 million.
    Exports rose 17.67 percent to $4.17 million. Imports fell 4.27 percent to $7.02 million.

Paraguay ranked No. 84 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 78.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Paraguay by value through May were the categories of Cell phones, related equipment; Computers; Digital storage devices; Gasoline, other fuels; and Video game consoles, respectively. They accounted for 67.76 percent of total exports to Paraguay.

The value of the top five categories of U.S. imports from Paraguay –– Cane, beet sugar, solid form; Misc. dead animal products; Oil seeds, misc. oleaginous fruits; Insulated wire, cable; and Ferroalloys 7202 –– accounted for 74.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Paraguay:

  • Cell phones, related equipment fell 47.43 percent compared to last year to $243.41 million.
  • Computers fell 52.54 percent compared to last year to $40.78 million.
  • Digital storage devices fell 55.8 percent compared to last year to $17.46 million.
  • Gasoline, other fuels fell 87.49 percent compared to last year to $14.11 million.
  • Video game consoles fell 29.98 percent compared to last year to $12.67 million.

Looking more closely at U.S. imports from Paraguay:

  • Cane, beet sugar, solid form rose 14.11 percent compared to last year to $14.39 million.
  • Misc. dead animal products rose 31.66 percent compared to last year to $13.08 million.
  • Oil seeds, misc. oleaginous fruits fell 4.96 percent compared to last year to $7.96 million.
  • Insulated wire, cable fell 14.75 percent compared to last year to $4.49 million.
  • Ferroalloys 7202 fell 31.52 percent compared to last year to $3.23 million.

In the latest annual figures available, Paraguay recorded $2.28 billion in trade with the United States. Total U.S. exports to Paraguay were $ 2.12 billion and imports from Paraguay were $161.89 million. The U.S. surplus with Paraguay was $1.96 billion.