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    Home > Food News > Food Articles > Paraguay's exports in the first quarter fell 3.4% year-on-year due to lower agricultural production levels

    Paraguay's exports in the first quarter fell 3.4% year-on-year due to lower agricultural production levels

    • Last Update: 2022-05-13
    • Source: Internet
    • Author: User
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       The Central Bank of Paraguay ( BCP) reported on April 12 that the decline in the level of agricultural production in Paraguay had an impact on foreign trade, mainly reflected in the reduction of the country's foreign exchange earnings
    .
    In the first quarter of this year, Paraguay 's total
    exports reached 2.
    988 billion US dollars, a year-on-year decrease of 3.
    4%

    .
     
      Paraguay's "National News" reported that in the first quarter of this year, among the primary products of Paraguay, the most obvious decline in exports was soybean and corn, while the most obvious growth was rice and wheat
    .
    Specifically, soybean exports amounted to US$427 million, down 30.
    6% year-on-year, and export volume reached 8.
    621 million tons, down 42% year-on-year

    .
    In terms of soybean export markets, Argentina was the main buyer, accounting for 64.
    3% of total exports, followed by Brazil with 24.
    1%

    .
     
      In terms of imports, Paraguay's imports in the first quarter amounted to US$3.
    438 billion, a year-on-year increase of 27.
    2%

    .
    Imports of semi-finished products increased significantly, up 49.
    8% year-on-year, among which the import value of fuels and lubricants (+44.
    9%) and chemicals (+86.
    0%) increased significantly

    .
    Meanwhile, imports of capital goods increased by 19.
    5% year-on-year, mainly driven by increases in imports of machinery, engines and instruments (+36.
    2%), auto and truck parts (+21.
    2%) and tires (+38.
    0%)

    .
    Central exit
     
      Paraguay's "National News" reported that in the first quarter of this year, among the primary products of Paraguay, the most obvious decline in exports was soybean and corn, while the most obvious growth was rice and wheat
    .
    Specifically, soybean exports amounted to US$427 million, down 30.
    6% year-on-year, and export volume reached 8.
    621 million tons, down 42% year-on-year

    .
    In terms of soybean export markets, Argentina was the main buyer, accounting for 64.
    3% of total exports, followed by Brazil with 24.
    1%

    .
     
      In terms of imports, Paraguay's imports in the first quarter amounted to US$3.
    438 billion, a year-on-year increase of 27.
    2%

    .
    Imports of semi-finished products increased significantly, up 49.
    8% year-on-year, among which the import value of fuels and lubricants (+44.
    9%) and chemicals (+86.
    0%) increased significantly

    .
    Meanwhile, imports of capital goods increased by 19.
    5% year-on-year, mainly driven by increases in imports of machinery, engines and instruments (+36.
    2%), auto and truck parts (+21.
    2%) and tires (+38.
    0%)

    .
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