🇵🇾

Export Market

Paraguay

ISO: PY / PRY

Country Profile

Capital Asunción
Population 6.1M
GDP $44.5B (2024)
GDP per Capita $6,416
Income Level Upper-Middle Income
Currency Paraguayan guaraní (PYG ₲)
Language Guaraní
Timezone UTC-04:00
Region South America

Trade Partners

Paraguay Exports To

  • Argentina 33.0%
  • Brazil 25.0%
  • Chile 10.0%
  • USA 2.0%
  • Uruguay 2.0%

Key exports: soybeans, beef, electricity, corn, soybean meal (2023)

Paraguay Imports From

  • China 33.0%
  • Brazil 24.0%
  • USA 8.0%
  • Argentina 7.0%
  • Germany 2.0%

Key imports: broadcasting equipment, refined petroleum, fertilizers, cars, pesticides (2023)

Economic Overview

upper middle-income South American economy; COVID-19 hit while still recovering from 2019 Argentina-driven recession; global hydroelectricity leader; major corruption and money-laundering locale; highly agrarian economy; significant income inequality

Government: presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Paraguay. Standard WTO terms apply.

Geographic Region

Latin America and Caribbean

Trading Bloc Memberships

Paraguay is a member of the following trade agreements and economic blocs.

Mercosur Southern Common Market Customs Union

Export Guidance

Relevant guidance for exporting to Paraguay.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA

Official Resources

Government export support for Paraguay.

great.gov.uk Market Guide → GOV.UK Country Information →
← Back to All Markets