Paraguay Import Data
The Republic of Paraguay is another name for Paraguay. Land encircles Paraguay on all sides. The nations of Brazil, Bolivia, Argentina, and Brazil are all bordering Paraguay. According to Paraguay trade data, Paraguay ranked 90th out of 226 nations in terms of total imports in 2023. Paraguay customs data or import data serves as a critical tool for businesses seeking to navigate the Paraguayan market. In today's interconnected global economy, understanding import data is crucial for businesses and policymakers alike. Paraguay, a landlocked country in South America, has been actively participating in international trade. Monitoring Paraguay's import data provides valuable insights into the country's economic trends, market potential, and trading partners.
According to Paraguay's import data, Paraguay imported goods worth $16.1 billion in 2023. In comparison to the previous year, imports of goods into Paraguay increased by 2%. In terms of GDP, the nation is ranked 94th in the globe. Paraguay’s total GDP is $42.96 billion, with a GDP import share of 40.44%. As per Paraguay’s trade statistics, electrical machinery and equipment is Paraguay’s biggest import, while Brazil is its biggest import partner. Paraguay is part of major trading blocs such as Mercosur. Let us now delve into the significance of Paraguay import data with a specific focus on Paraguay's top imports, import partners, and import trends for the year 2023.