Paraguay aims for $900 million in annual exports to the UK, according to new report - .::Agencia IP::.

Asunción, Agencia IP.- Paraguay is preparing to strengthen its trade relations with the United Kingdom, potentially reaching an annual export volume of up to $900 million in key products such as soy derivatives, beef, rice, and others. This ambitious forecast was revealed in the report «Opportunities UK – Paraguay,» released this month by the Export […]

Asunción, Agencia IP.- Paraguay is preparing to strengthen its trade relations with the United Kingdom, potentially reaching an annual export volume of up to $900 million in key products such as soy derivatives, beef, rice, and others.

This ambitious forecast was revealed in the report «Opportunities UK – Paraguay,» released this month by the Export and Investment Network (Rediex) during an event organized with the Paraguayan-British Chamber of Commerce.

According to data published in an , trade between the two countries is uneven. Paraguay exports products worth $51 million annually to the UK. In comparison, it imports $141 million, leaving a trade balance favorable to the European country.

Between 2021 and 2023, Paraguay’s main exports were soybean cakes, representing 76.8% of the total. This was followed by charcoal (8.2%), veneer (4%), rice (3.4%), and other products such as sesame, chia, and frozen beef.