Paraguay’s Foreign Trade Surplus: A Glimpse into October’s Economic Landscape
In a recent report released by the Central Bank of Paraguay (BCP), the country’s foreign trade in October revealed a noteworthy surplus of US$ 57.1 million. The intricacies of these numbers shed light on the dynamics at play in Paraguay’s economic landscape, with imports on the rise and exports experiencing a dip.
Key Points from the Report:
- Exports amounted to US$ 13.6649 billion, while imports stood at US$ 13.6077 billion, resulting in a surplus of US$ 57.1 million.
- There was a decline of 4.5% year-over-year in export figures, with lower sales in electric energy, corn shipments, and soybean meal and oil prices contributing to this decrease.
- Shipments under the maquila regime saw an 8% increase, reaching US$ 927.4 million compared to the same period in 2023.
- Sales of primary products, totaling US$ 3.754 billion, were primarily boosted by corn and sesame seeds.
- On the other hand, imports saw a 5% increase from the previous year, totaling US$ 13.2167 billion, with 97% of the purchases being accounted for.
- Import volumes grew significantly by 13.3%, indicating a substantial increase in the quantity of goods flowing into the country.
The nuances of this data highlight the evolving economic landscape in Paraguay, offering insights into the fluctuations in trade dynamics that shape the country’s financial standing. As Paraguay navigates these shifts, it is essential to monitor and adapt to the changing trends to ensure sustainable growth and economic stability.
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