Paraguay's beef exports to Hong Kong grew sharply between January and November, making Hong Kong the fastest growing city for Paraguayan beef exports, according to the Foreign Trade Report released by the Central Bank of Paraguay (BCP).
104,000 tons of Paraguayan beef were imported between January and November this year, up 866 percent year-on-year, while imports were $29.4 million, up 966 percent year-on-year, according to a report in Paraguay's National newspaper on December 29.
, Paraguay's beef exports to Egypt grew at the second-highest rate after Hong Kong.
period, Egypt imported 7,000 tonnes of Paraguayan beef, up 556 per cent year-on-year, and imports of $21.1m, up 772 per cent year-on-year.
report also showed that Paraguay's beef exports totalled $1,061.6 million in the first 11 months of the year, up 7.7 percent year-on-year, while beef exports totaled 286,200 tons, up 9 percent from a year earlier.
was the largest buyer of Paraguayan beef, with imports of 935,000 tonnes, up 23.7 per cent year-on-year, and imports of $399m, up 20.8 per cent year-on-year, according to the data.
Russia was close behind, with imports of 678,000 tonnes, down 32.6 per cent year-on-year, and imports of $210m, down 29.2 per cent year-on-year.
third place, with imports of 234,000 tonnes, up 59.8 per cent year-on-year, and imports of $107 million, up 67.4 per cent year-on-year.
other major export markets include Brazil, Israel, Hong Kong, Uruguay, Kuwait and Egypt.