Paraguay

Paraguay ranked No. 84 in total trade value through June with a total of $614.98 million. Exports totaled $544.56 million and Imports totaled $70.43 million, a surplus of $474.13 million.

U.S. trade with Paraguay rose to $614.98 million through June

Paraguay’s trade with the United States rose to $614.98 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 48.22 percent below its total trade during the same time period last year. U.S. exports to Paraguay decreased 51.36 percent while U.S. imports from Paraguay rose 3.45 percent. The U.S. surplus with Paraguay was $474.13 million.

Through June, 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 Newark; and No. 5 Port of New Orleans. 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 83.24 percent of Paraguay’s U.S. trade.

Among those top five:

  • Trade with No. 1 Miami Int’l Airport fell 49.84 percent to $422.56 million.
    Exports fell 50.08 percent to $417.03 million. Imports fell 21.73 percent to $5.53 million.
  • Trade with No. 2 Port Everglades, Fla. fell 23.39 percent to $45.07 million.
    Exports fell 26.49 percent to $41.85 million. Imports rose 69.17 percent to $3.22 million.
  • Trade with No. 3 Port of New York fell 2.46 percent to $16.41 million.
    Exports fell 34.81 percent to $4.17 million. Imports rose 17.4 percent to $12.24 million.
  • Trade with No. 4 Port of Newark rose 11.11 percent to $14.15 million.
    Exports fell 94.07 percent to $96,773. Imports rose 26.57 percent to $14.05 million.
  • Trade with No. 5 Port of New Orleans fell 35.68 percent to $13.7 million.
    Exports fell 35.07 percent to $8.16 million. Imports fell 36.56 percent to $5.53 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 $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 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 June were the categories of Cell phones, related equipment; Computers; Digital storage devices; Gasoline, other fuels; and Video game consoles, respectively. They accounted for 68.25 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 73.28 percent of all inbound shipments.

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

  • Cell phones, related equipment fell 48.71 percent compared to last year to $280.83 million.
  • Computers fell 55.66 percent compared to last year to $44.98 million.
  • Digital storage devices fell 64.81 percent compared to last year to $18.28 million.
  • Gasoline, other fuels fell 87.36 percent compared to last year to $14.6 million.
  • Video game consoles fell 37.87 percent compared to last year to $12.99 million.

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

  • Cane, beet sugar, solid form rose 24.52 percent compared to last year to $16.68 million.
  • Misc. dead animal products rose 42.85 percent compared to last year to $16.07 million.
  • Oil seeds, misc. oleaginous fruits rose 20.58 percent compared to last year to $10.65 million.
  • Insulated wire, cable fell 25.93 percent compared to last year to $4.68 million.
  • Ferroalloys 7202 fell 36.78 percent compared to last year to $3.52 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.