Paraguay - economia.gov.py · PARAGUAY INTERNATIONAL TRADE SUMMARY – JANUARY TO MAY 2017 (I)...

Paraguay

International Trade Report May, 2017

MH / SSEE / DI / DECI – MAY, 2017

Lea Giménez Duarte

Minister

Ministry of Finance

Humberto Colmán

Deputy Minister

Secretariat of State for the Economy

José Cuevas Sánchez

Director

Directorate of Integration

Technical Support Team

• Roberto E. Mernes Rabl

• David Cartes Coronel

• Ana Laura Bareiro

Authorities & Staff

Directorate of Integration - Department of Commerce Strategies and Integration (DCSI)

http://www.economia.gov.py/index.php/dependencias/direccion-de-integracion/documentos-de-trabajo/reporte-de-comercio-exterior-rce



INDEX

• Graph 1: Evolution of exports. May 2012 – 2017

• Graph 2: Exports by major trade bloc & countries – May 2016/2017

• Chart 1: Exports by major trade bloc & countries – May 2016/2017

• Chart 2: Exports by exported product group – May 2016/2017

• Chart 3: Exports of main commodities

• Chart 4: Exports by factor intensity– May 2016/2017

• Chart 5: Main products exported to Brasil – May 2016/2017

• Chart 6: Main products exported to Argentina – May 2016/2017

• Chart 7: Main products exported to Uruguay – May 2016/2017

• Graph 3: Exports of beef, by type of product – May 2016/2017

• Chart 8: Exports of beef by main destinations– May 2016/2017

• Graph 4: Evolution of imports – May 2016 – 2017

• Graph 5: Imports by major trade bloc & countries. May 2016/2017

• Chart 9: Imports of products by type of use

• Chart 9a y 9b: Imports of goods – Durable/Non-Durable

• Chart 9c y 9d: Imports of goods - Intermediate/Capital

• Chart 10: Imports by major trade bloc & countries – May 2016/2017

• Chart 11: Imports by main product group – May 2016/2017

• Chart 12: Imports by factor intensity– May 2016/2017

EXPORTS

IMPORTS


INDEX

• Graph 6: Price of soybeans, maize & wheat (USD/ton)

• Graph 7: Price of rice & soybean oil (USD/ton)

• Graph 8: OPEC basket of reference oil price

• Graph 9: Price of beef in the US market (USD/ton)

• Graph 10: Balance of trade of Paraguay

• Graph 11: Balance of trade of Paraguay with its MERCOSUR partners

• Graph 12: Currency exchange rates (PYG, BRL, ARS, USD)

INDICATORS


GLOSSARY

EU-28: The European Union with 28 member countries.

MERCOSUR (MCS): Argentina, Brasil, Paraguay, and Uruguay.

NAFTA: Canada, Mexico ,and the United States of America.

Other: Rest of the World.

Group of countries associated to MERCORSUR (MCS): Bolivia, Chile, Colombia,

Ecuador, and Peru; and overseas partners: Israel, Egypt, India, and SACU (Botswana,

Lesotho, Namibia, South Africa, and Swaziland).

ASEAN: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos,

Myanmar, and Cambodia.


PARAGUAY INTERNATIONAL TRADE SUMMARY – JANUARY TO MAY 2017 (I)

Number of countries where Paraguay exports goods: 122

Number of countries from which Paraguay imports goods: 131

Global trade in USD millions (exports + imports): 7,420

Foreign trade ratio (exports/imports * 100): 68%

Balance of trade in USD millions: -1,436

Balance of trade Paraguay-MERCOSUR in USD millions: -277

Balance of trade Paraguay-Pacific Alliance in USD millions: +159

Percent change of international trade (May 2017/2016): Exports: +4%

Imports: +26%

Source: Prepared by the DCSI-DI – Ministry of Finance, based on data reported by the BCP.

Note: Exports (electricity not included).

Imports (registered products).


Exports Imports

Top destination Top exported products Top origin Top imported

products

1° MERCOSUR 1° Soybeans 1° MERCOSUR 1° Chemical, rubber &

plastics

2° Countries Associated

to MERCOSUR 2° Vegetable fat, oil &

pellets 2° China 2° Electronic devices

3° European Union 3° Beef 3° NAFTA 3° Machinery &

Equipments


Note: Exports of electricity not included.

Imports of registered products.

PARAGUAY INTERNATIONAL TRADE SUMMARY – JANUARY TO MAY 2017 (II)


Main traiding partners January-May

2017

Participation (%)

in Global

Commerce

1° Brazil 1,514 25

2° China 1,312 22

3° Argentina 1,162 19

4° Uruguay 390 6

5° United States of America 325 5

Other 1,324 23

Total of Global Commerce 6,027 100

Main trading partners of Paraguay Millions (USD)

PARAGUAY INTERNATIONAL TRADE SUMMARY – JANUARY TO MAY 2017 (III)


Note: Global Commerce = Exports + Imports.

Exports of electricity not included.


Exports May, 2017


Graph 1: Evolution of Exports – January to May 2012-2017 Millions FOB (USD)

Months 2012 2013 2014 2015 2016 2017

January 337 467 553 593 475 425

February 312 568 687 634 566 677

March 443 656 771 717 652 855

April 430 736 915 485 598 574

May 528 793 803 500 587 461



Exports remained stable for the past three years, averaging USD 2,933 million.

2,050

3,219

3,729

2,930 2,879 2,992

1st Qrt 2012 1st Qtr 2013 1st Qtr 2014 1st Qrt 2015 1st Qrt 2016 1st Qrt 2017


Graph 2: Exports by major trade blocs & countries Portion of total

75% of national exports had targeted three blocks of economic integration: MERCOSUR, the European

Union and Countries Associated to MERCOSUR, which shipments totaled USD 2,255 million.



EU – 28

22%

MERCOSUR

26%

Russia

8%

Countries

associated to MCS

20%

ASEAN

4%

NAFTA

5%

China

0,3% Other

15% EU – 28

15%

MERCOSUR

47%

Russia

6%

Countries

associated to

MCS

13%

ASEAN

2%

NAFTA

3%

China

0,4% Other

14%

January - May 2016 January - May 2017


Chart 1: Exports by major trade blocs & countries Millions FOB (USD) – January to May 2016-2017

Regions

Millions FOB (USD)

January - May %

change

Impact on

exports growth

(%) 2016 2017

EU - 281 625 438 -30 -6

MERCOSUR2 754 1,419 88 23

Russia 238 163 -31 -3

Group of Countries

Associated to MCS3 586 397 -32 -7

ASEAN4 119 54 -55 -2

NAFTA5 133 90 -33 -1.5

China 9 13 40 0.1

Other6 414 418 1 0.1

Total 2,879 2,992 4 4

Growth of exports cumulative to May this year was mainly driven by shipping to MERCOSUR of soybean grain,

and cables for spark plugs




Chart 2: Exports by product group Millions FOB (USD) – January to May 2016-2017

Products

Millions FOB (USD)

January - May %

change

Impact on

exports growth

(%) 2016 2017

Oilseeds 1,238 1,304 5 2

Vegetable fat, oil & pellets 521 473 -9 -2

Beef product 454 467 3 0.5

Machinery & Equipment 66 98 49 1

Chemical, rubber & plastics 78 79 1 0.02

Leather products 62 62 -0.4 -0.01

Other transport equipment 18 57 210 1

Processed rice 54 52 -2 -0.04

Textiles 33 49 48 1

Maize 77 46 -40 -1

Other 279 305 9 1

Total 2,879 2,992 4 4

75% of exports are concentrated on: oilseeds (43%); vegetable fat, oil &

pellets (16%) and beef product (16%).

Stands out the increase achieved by Machinery & Equipment, which

numbers went from USD 66 million to USD 98 million.

Oilseeds

43%

Vegetable fat,

oil & pellets

16%

Beef product

16%

Machinery &

Equipment

3%

Chemical,

rubber &

plastics

3%

Other

19%

January - May 2017

(Percentage Participation)

January - May 2016


Oilseeds

43%

Vegetable fat,

oil & pellets

18%

Beef product

16%

Machinery &

Equipment

2%

Chemical,

rubber &

plastics

3%

Other

18%




Chart 3: Exports of main commodities Millions FOB (USD) & Thousands of tons

Products

Millions FOB (USD)

January - May

Thousands of tons

January - May

2016 2017 %

change 2016 2017

%

change

Oilseeds 1,238 1,304 5 3,860 3,667 -5

Vegetable fat, oil & pellets 521 473 -9 1,368 1,106 -19

Beef product 454 467 3 139 130 -7

Rice (processed & non-processed) 68 78 14 229 228 -1

Maize 77 46 -40 501 232 -54

Wheat 47 34 -27 267 209 -22




Chart 4: Exports by factor intensity Millions FOB (USD) - January to May 2016-2017

Sectors

Millions FOB (USD)

January – May %

change

Impact on

exports growth

(%) 2016 2017

Agriculture1 1,416 1,456 3 1

Agro-industry2 1,110 1,075 -3 -1

Labor-intensive manufacturing3 132 148 12 0.6

Capital-intensive manufacturing4 220 312 42 3

Total 2,879 2,992 4 4

Agro-industry (36%) and agriculture (49%) took over exports in

terms of participation. However, only intensive agriculture exports

had a slight increase over the same period of the previous year.

Each category mainly includes: 1Agriculture: soybeans; maize; and wheat. 2Agro-industry: soybean flour and pellets; beef (frozen and refrigerated); and rough soybean oil. 3 Labor-Intensive Manufacturing: bovine leather and skin; footwear parts; and other woods. 4 Capital-Intensive Manufacturing: plastic demijohns; waste of cooper; and several metals foundry.



January - May 2017


Agriculture1

49%

Agro-industry2

38%

Labor-intensive

manuf.3

5%

Capital-intensive

manuf.4

8%

Agriculture1

49%

Agro-industry2

36%

Labor-intensive

manuf.3

5%

Capital-intensive

manuf.4

10%

January - May 2016



Chart 5: Main products exported to Brazil Millions FOB (USD) – January to May 2016-2017

Products

Millions FOB (USD)

January - May

Participation (%)

January - May %

change 2016 2017 2016 2017

Cables for spark plugs 47 75 10 16 59

Soybeans 103 70 22 15 -32

Rice 43 65 9 14 53

Refrigerated beef 49 39 10 8 -20

Wheat 47 33 10 7 -29

Synthetic blankets 11 20 2 4 79

Maize grain 46 18 10 4 -60

Plastic containers 17 15 4 3 -10

Frozen beef 7 9 2 2 32

Animal fat 7 9 2 2 27

Other 97 124 21 26 27

Total 473 478 100 100 1

Exports to Brazil for the analyzed period increased by 1% compared to the previous one, mainly

impulsed by shipping of cables for spark plugs (59%), and rice (53%).

Major reductions in shipments ocurred in soybeans (-32%); and refrigerated beef (-20%)




Chart 6: Main products exported to Argentina Millions FOB (USD) - January to May 2016-2017

Products

Millions FOB (USD)

January - May

Participation (%)

January - May %

change 2016 2017 2016 2017

Soybeans 128 324 62 59 153

Soybean oil 22 90 11 16 312

Soy flour & pellets 0.2 52 0.1 9 23,536

Maize grain - 20 - 4 -

Diesel oil 11 13 5 2 23

Cables for sparkplugs 8 10 4 2 18

Cotton trousers 4 5 2 1 25

Bananas 5 3 2 1 -28

Glass containers 1 3 1 1 94

Papers & cartoons 2 2 1 0.4 5

Other 25 28 12 5 9

Total 207 551 100 100 166

By May 2017, exports to Argentina almost tripled (166%) over the same previous period, mainly driven

by the dinamics of soy complex: soybeans; soybean oil; and soy flour & pellets.

Highlights the remarkable increase of exports of soy flour & pellets, which numbers went from USD 200

thousand to USD 52 million.




Chart 7: Main products exported to Uruguay Millions FOB (USD) - January to May 2016-2017

Products

Millions FOB (USD)

January - May

Participation (percent)

January - May %

change 2016 2017 2016 2017

Soybeans 37 250 51 64 581

Tugs & pusher crafts - 51 - 13 -

Soy flour & pellets 4 46 5 12 1,180

Tobacco in branches 1 8 2 2 481

Maize grain 1 6 2 1 274

Diesel oil 2 5 3 1 136

Soybean oil in gross 3 4 4 1 46

Bovine leather 3 3 4 1 7

Foot-and-mouth disease vaccinations - 2 - 1 -

Refrigerated beef 2 2 3 0.5 -19

Other 18 13 26 3 -27

Total 72 390 100 100 444

By May 2017, exports to Uruguay quintupled (442%) over the same period of 2016, mostly due to

dynamic activities in the soy industry (soybeans and soy flour & pellets).




Graph 3: Exports of beef, by type of products

Millions FOB (USD) Thousands of tons

By May 2017, exports of beef, in dollars, registered an increase of 3% over the same period in 2016. This behavior

is mainly explained by the increase in refrigerated beef (16%) .

194 234

26

454

225 212

30

467

Refrigerated

beef

Frozen beef Other Total


43

69

27

139

45 58

27

130

Refrigerated

beef

Frozen beef Other Total




Chart 8: Exports of beef by main destination Millions FOB (USD)

Countries

Millions FOB (USD) Thousands of tons

January – May

2017

Participation

(%)

January –

May 2017

Participation

(%)

Chile 172 38 37.5 32

Russia 106 23 35.5 31

Brazil 49 11 9.8 8

Israel 25 5 5.2 5

Vietnam 24 5 7.7 7

Other 84 18 20.6 17

Total 460 100 116.3 100

Source: Central Bank of Paraguay.


Imports May, 2017


Graph 4: Evolution of Imports – January to May 2012-2017 Millions CIF (USD)

4,525 5,108

4,739 4,342

3,524

4,428

2012 2013 2014 2015 2016 2017

Months 2012 2013 2014 2015 2016 2017

January 844 1,078 937 894 702 868

February 828 950 922 843 682 801

March 959 937 931 907 717 979

April 932 1,135 964 879 684 855

May 963 1,008 986 820 738 924

By May 2017, there was a significant recovery in imports (26% higher than the same period of

the previous year).


Note: Imports of registered products.


Graph 5: Imports by major trade blocs & countries Portion of total

68% of national imports came from MERCOSUR (USD 1,969 million) and from the People’s Republic of

China (USD 1,312 million).

January-May 2017 January-May 2016



EU – 28

9%

MERCOSUR

39% Russia

1%

Countries

associated to

MCS

4%

ASEAN

2%

NAFTA

10%

China

25% Other

10%

EU – 28

8%

MERCOSUR

38%

Russia

1%

Countries

associated to

MCS

4%

ASEAN

1% TLCAN

9%

China

30% Other

9%


Chart 9: Imports of goods by type of use Millions CIF – January to May 2016-2017

Products

Millons CIF (USD)

January - May

Thousands of tons

January - May

2016 2017 %

change 2016 2017

%

change

Durable Goods 840 1,109 32 80 90 13%

Non-durable Goods 416 477 15 209 230 10%

Intermediate Goods 893 1,123 26 1,471 1,613 10%

Capital Goods 356 349 -2 46 47 2%

Other (*) 1,019 1,371 35 708 861 22%

Total 3,515 4,428 26 2,513 2,841 13%

Source: Prepared by the MERCOSUR Department-DI – Ministry of Finance, based on data reported by th BCP.

(*) Other: Plástics, synthetic fibres, toys, footwear, paper, cartoon, and ceramic products, etc.

January - May 2016 (%) January - May 2017 (%)

Durable

24%

Non- durable

12%

Intermediate

25%

Capital

10%

Other*

29%

Durable

25%

Non-durable

11%

Intermediate

25%

Capital

8%

Other*

31%


Chart 9a: Durable Goods

Millions CIF (USD) & Thousands of tons

Durable Goods

Millions CIF (USD)

January - May %

change

Thousands of tons

January - May %

change 2016 2017 2016 2017

Durables 838 1109 32% 91 90 -2%

- Vehicles 265 307 16% 51 52 3%

- Electronic 127 172 36% 16 12 -27%

- Informatics 381 552 45% 6 8 26%

- Trucks (doble and triple axis) 17 25 44% 6 8 26%

- Tractors 8 12 58% 5 4 -16%

- Motorcycle 40 40 2% 7 6 -12%

Chart 9b: Non-durable Goods Millions CIF (USD) & Thousands of tons

Non-durable Goods

Millions CIF (USD)

January – May %

change

Thousands of tons

January - May %

change 2016 2017 2016 2017

Non-durable 459 477 4% 209 230 10%

- Foods 173 187 8% 91 112 22%

- Drinks 81 93 15% 91 94 3%

- Tobacco 72 47 -34% 17 13 -21%

- Medicines 83 90 9% 5 5 11%

- Diapers & sanitary towels 18 18 -2% 4 5 9%

- Perfumes y eau de toilettes 32 41 30% 1 1 67%



Chart 9c: Intermediate Goods Millions CIF (USD) & Thousands of tons

Intermediate Goods

Millions CIF (USD)

January - May %

change

Thousands of tons

January - May %

change 2016 2017 2016 2017

Intermediates 891 1,123 26% 1,471 1,613 10%

- Agrochemicals 73 69 -5% 10 11 13%

- Fertilizers 114 148 30% 319 429 34%

- Petroleum & Fuels 425 532 25% 816 852 4%

- Cement 14 8 -47% 133 79 -41%

- Iron & Steel 112 144 28% 133 161 21%

- Autoparts 47 61 30% 7 11 51%

- Inorganic & organic chemicals 59 83 40% 34 39 14%

- Tyres 46 78 69% 19 33 73%

Chart 9d: Capital Goods Millions CIF (USD) & Thousands of tons

Capital Goods

Millions CIF (USD)

January - May %

change

Thousands of tons

January - May %

change 2016 2017 2016 2017

Capital 355 349 -2% 46 47 2%

- Tractors 13 12 -13% 2 2 -18%

- Other agricultural machinery 20 41 103% 3 6 102%

- Industrial machinery 282 250 -11% 33 33 2%

- Other Machinery & Equipments 35 43 22% 3 5 39%

- Barges & Tugboats 5 3 -36% 5 1 -72%



Chart 10: Imports by major trade bloc & countries Millions CIF – January to May 2016-2017

Regions &

countries

Millions CIF (USD)

January - May %

change

Impact on

imports growth

(%) 2016 2017

EU - 28 326 376 15 1

MERCOSUR 1,386 1,696 22 9

Russia 45 33 -28 -0.4

Group of countries

associates to MCS 146 168 16 1

ASEAN 59 58 -3 -0.04

NAFTA 340 405 19 2

China 878 1,312 49 12

Other 344 381 11 1

Total 3,524 4,428 26 26

Increase of imports is mostly explained by the increase in purchases from China (49%) and

MERCOSUR (22%).




Chart 11: Imports by product group Millions CIF (USD) – January to May 2016-2017

Products

Millions CIF (USD)

January - May %

change

Impact on

imports growth

(%) 2016 2017

Chemicals, rubber & plastics 720 894 24 5

Electronic devices 468 699 49 7

Machinery & equipment 543 645 19 3

Petroleum & coal products 422 527 25 3

Vehicles & parts 336 404 20 2

Other manufacturing 96 154 60 2

Other food products 128 152 19 0.7

Drinks & tobacco 99 119 20 0.6

Textiles 87 116 33 1

Metallic products 86 109 27 0.7

Other 539 609 13 2

Total 3,524 4,428 26 26

Imports were concentrated in 5 product groups with more participation:

chemicals, rubber & plastics (20%), electronic devices (16%), machinery

(15%), petroleum (12%), and vehicles & parts (9%).



Chemicals,

rubber &

plastics

20%

Electronic

devices

16%

Machiney &

Equipment

15% Petroleum

12%

Vehicles &

parts

9%

Other

28%

Chemicals,

rubber &

plastics

21%

Electronic

devices

13%

Machinery &

Equipment

15% Petroleum

12%

Vehicles &

parts

10%

Other

29%

January - May 2016


January - May 2017



Chart 12: Imports by factor intensity Millions CIF (USD) – January to May 2016-2017

Sectors**

Millions CIF (USD)

January - May %

change

Impact on

imports

growth (%) 2016 2017

Agriculture1 81 74 -10 -0.2

Agro-industry2 248 304 22 2

Labor-Intensive Manuf.3 269 336 25 2

Capital-Intensive Manuf.4 2,925 3,715 27 22

Total 3,524 4,428 26 26

All sectors had an increase in their numbers over the same period of

2016, except Agriculture, which decreased 10% comparing to the

previous period.

**Each category mainly includes: 1 Agriculture: tobacco (dry leaves); maize for sowing; and waste of tobacco. 2 Agro-industry: malt beer; basic input for drinks preparation; and cigarettes. 3 Labor Intensive Manuf.(LIM): cables for several filaments; footwear; and polyethylene paper.

4 Capital-intensive manufacturing (KIM): gasoil; laptops; and mineral or chemical fertilizers.



Agriculture1

2%

Agro-industry2

7%

Labor-intensive

Manuf.3

7%

Capital-intensive

Manuf.4

84%

Agriculture1

2%

Agro-industry2

7%

Labor-intensive

Manuf.3

8%

Capital-intensive

Manuf.4

83%

January - May 2016


January - May 2017



Trade Indicators


Graph 6: Price of Soybean, Maize & Wheat Chicago Stock Market (USD/ton)

By May 2017, in inter-annual terms, the price of soybeans, maize grains, and wheat decreased by

9.8%, 5.5%, and 7.5%, respectively.


May

. 2

015

Jun

. 2

015

Jul.

201

5

Au

g. 2

015

Sep

. 20

15

Oct

. 2

01

5

No

v. 2

015

Dec

. 2

01

5

Jan

. 20

16

Feb

. 20

16

Mar

. 20

16

Ap

r. 2

016

May

. 2

016

Jun

. 2

016

Jul.

201

6

Au

g. 2

016

Sep

. 20

16

Oct

. 2

01

6

No

v. 2

016

Dec

. 2

01

6

Jan

. 20

17

Feb

. 20

17

Mar

. 20

17

Ap

r. 2

017

May

. 2

017

Soybean Maize Wheat


Graph 7: Price of Rice & Soybean Oil Chicago Stock Market (USD/ton)

By May 2017, in inter-annual terms, the price of rice fell by 8.5%. However, the price of soybean oil

increased by 0.9% over the same previous period.


May

. 2

015

Jun

. 2

015

Jul.

201

5

Au

g. 2

015

Sep

. 20

15

Oct

. 2

01

5

No

v. 2

015

Dec

. 2

01

5

Jan

. 20

16

Feb

. 20

16

Mar

. 20

16

Ap

r. 2

016

May

. 2

016

Jun

. 2

016

Jul.

201

6

Au

g. 2

016

Sep

. 20

16

Oct

. 2

01

6

No

v. 2

016

Dec

. 2

01

6

Jan

. 20

17

Feb

. 20

17

Mar

. 20

17

Ap

r. 2

017

May

. 2

017

Rice Soybean Oil


Graph 8: OPEC basket reference oil price USD per barrel

The OPEC basket reference price in May 2017 was USD 51.4 per barrel, which means an

increase of 8.3% in inter-annual terms.

The OPEC Reference Basket (ORB) includes: Saharan blend (Algeria), Girassol (Angola), Oriente (Ecuador), Minas (Indonesia), Iran Heavy (Islamic Republic

of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE),

and Merey (Venezuela).


May

. 2

015

Jun

. 2

015

Jul.

201

5

Au

g. 2

015

Sep

. 20

15

Oct

. 2

01

5

No

v. 2

015

Dec

. 2

01

5

Jan

. 20

16

Feb

. 20

16

Mar

. 20

16

Ap

r. 2

016

May

. 2

016

Jun

. 2

016

Jul.

201

6

Ag

o. 2

016

Sep

. 20

16

Oct

. 2

01

6

No

v. 2

016

Dec

. 2

01

6

Jan

. 20

17

Feb

. 20

17

Mar

. 20

17

Ap

r. 2

017

May

. 2

017


Graph 9: Price of beef in the US market USD per ton

The price of beef, in inter-annual terms, increased by 3.3% in May 2017, comparing to May 2016.

May

. 2

015

Jun

. 2

015

Jul.

201

5

Au

g. 2

015

Sep

. 20

15

Oct

. 2

01

5

No

v. 2

015

Dec

. 2

01

5

Jan

. 20

16

Feb

. 20

16

Mar

. 20

16

Ap

r. 2

016

May

. 2

016

Jun

. 2

016

Jul.

201

6

Ag

o. 2

016

Sep

. 20

16

Oct

. 2

01

6

No

v. 2

016

Dec

. 2

01

6

Jan

. 20

17

Feb

. 20

17

Mar

. 20

17

Ap

r. 2

017

May

. 2

017



Graph 10: Balance of trade of Paraguay Millions (USD) – January to May 2016-2017



Exports in millions FOB (USD) and Imports in millones CIF (USD).

2,879

3,524

-645

2,992

4,428

-1,436

Exports Imports Balance of Trade



Graph 11: Balance of trade of Paraguay with its MERCOSUR partners Millions (USD) - January to May 2016-2017



-297 -366

28

-634

-61

-558

342

-277

Argentina Brazil Uruguay Balance of Trade



Graph 12: Nominal effective exchange rate (BRL, ARS, PYG, USD) Base 2008

In May 2017, Paraguayan currency, the Guarani, appreciated by 3.6%, in inter-annual terms. And, so far in

the year, the appreciation was 0.3%.

Guaraní (Par.)

Real (Bra.)

Peso (Arg.)

Source: Prepared by the DCSI-DI – Ministry of Finance, based on data reported by the Central Bank of Chile.

Note: Monthly average exchange rate.

Jan

. 20

15

Feb

. 20

15

Mar

. 20

15

Ap

r. 2

015

May

. 2

015

Jun

. 2

015

Jul.

201

5

Au

g. 2

015

Sep

. 20

15

Oct

. 2

01

5

No

v. 2

015

Dec

. 2

01

5

Jan

. 20

16

Feb

. 20

16

Mar

. 20

16

Ap

r. 2

016

May

. 2

016

Jun

. 2

016

Jul.

201

6

Au

g. 2

016

Sep

. 20

16

Oct

. 2

01

6

No

v. 2

016

Dec

. 2

01

6

Jan

. 20

17

Feb

. 20

17

Mar

. 20

17

Ap

r. 2

017

May

. 2

017

Guarani (Par) Real (Bra.) Peso (Arg.)


Paraguay

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MH / SSEE / DI / DECI – MAY, 2017

Paraguay - economia.gov.py · PARAGUAY INTERNATIONAL TRADE SUMMARY – JANUARY TO MAY 2017 (I)...

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