International Trade Report - economia.gov.py · Cotton pants 0,1 0,2 1 1 215 Other 7,3 1,8 64 8 -75...

ParaguayParaguay

International Trade ReportJanuary 2014

U d S t f St t f th E

International Trade Report (ITR) Direction of Integration – Dep. Commerce Strategies and Integration

Under Secretary of State for the EconomyJanuary, 2014

INDEX


ExportsJanuary 2013/2014January 2013/2014


Graph 1: The evolution of Paraguay’s exports – January 2010 – 2014*Millions FOB (in USD)

551

335

467

225 253

335

January - 2010 January - 2011 January - 2012 January - 2013 January - 2014

Exports in January 2014 increased by 18% compared to January 2013, and doubled exports of January 2011.

The trend of growth indicates that 2014 will be a favorable year for Paraguayan exports.


Source: MF-DI, based on preliminary data reported by the CBP1 and UEW2 (2014).Note: * Exports of electricity not included1 Central Bank of Paraguay2 Unified Exports Window

Graph 2: Exports by major trade blocs and countries*Participation in portion to total exports

January 2013 January 2014

MERCOSUR1

29%5

NAFTA6 1%

China 1% Other7 20%MERCOSUR1

26%Russia5 7%

NAFTA6 2%

China 1%

Other7 16%

Assoc. to MCS2

25%EU-283

9%ASEAN4 5%

Russia5 10%

Assoc. to MCS2

24%

EU-283 14%

ASEAN4 9%

MERCOSUR was the main destination for Paraguayan exports in January 2014, which accounted for 26% of totalexports (USD 146 millions).The second major destination for Paraguay’s exports was the group of countries Associated to MERCOSUR, whichj g y p g paccounted for 24% of total exports (USD 130 millions).

Source: MF-DI, based on preliminary data reported by the CBP and UEW (2014).Note: * Exports of electricity not included.

1 MERCOSUR; Argentina, Brasil, Uruguay, and Venezuela.2 Countries Associated to MERCOSUR (Assoc. to MCS) it is included Regional Associated: Bolivia, Chile, Colombia, Ecuador, Peru, and overseas: Israel, Egypt, India, and SACU(Botswana Lesotho Namibia South Africa and Swaziland)


(Botswana, Lesotho, Namibia, South Africa, and Swaziland).3 EU-28: European Union with 28 Member countries.4 ASEAN: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia.5 Russia: the Russian Federation.6 NAFTA: Canada, USA, and Mexico.7 Other: Rest of the World.

Chart 1: Exports by major trade blocs and countries*Millions FOB (in USD) January 2013/2014

Millions (in USD) Var %ExportsMillions (in USD) Var. %

2014/20132013 2014 MERCOSUR1 133 146 9 Assoc. to MCS2 118 130 11 EU-283 43 79 85 ASEAN4 23 51 126 Russia5 49 40 -18 NAFTA6 7 10 45 China 3 4 58

Exports to MERCOSUR (26%) and to the countries Associated to MERCOSUR (24%) represented 50% of totalexports in January 2014. Exports to MERCOSUR increased by 9%, while exports to the countries Associated to

Other7 92 91 -1 Total 467 551 18

exports in January 2014. Exports to MERCOSUR increased by 9%, while exports to the countries Associated toMERCOSUR increased by 11%.Source: MF-DI, based on preliminary data reported by the CBP and UEW (2014).Note: * Exports of electricity not included.

1 MERCOSUR; Argentina, Brasil, Uruguay, and Venezuela.2 Countries Associated to MERCOSUR (Assoc. to MCS) it is included Regional Associated: Bolivia, Chile, Colombia, Ecuador, Peru, and overseas: Israel, Egypt, India, and SACU(Botswana Lesotho Namibia South Africa and Swaziland)


(Botswana, Lesotho, Namibia, South Africa, and Swaziland).3 EU-28: European Union with 28 Member countries.4 ASEAN: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia.5 Russia: the Russian Federation.6 NAFTA: Canada, USA, and Mexico.7 Other: Rest of the World.

Chart 2: Exports by group of products*Millions FOB (in USD) – January 2013/2014

January 2014 (en %)Exports Millions (in USD) Variation %

2014/20132013 2014

Vegetable fats, oils, and pellets 35%

Oilseeds 8%

Leather products 4%

Chemicals, rubber, and plastics

4%

Other 16%2014/20132013 2014

Vegetable fats, oils, and pellets 46 196 325 Beef products 84 106 26 Other cereals (maize) 107 76 -29 Oilseeds 42 42 -0,1

Beef products 19%

Other cereals 14%

Leather products 16 23 50 Chemicals, rubber, and plastics 21 20 -3 Machinery and equipment 3 10 253 Processed rice 7 10 40 Food products 8 8 1

Vegetable fats, oils, and pellets10%

January 2013 (en %)

Food products 8 8 1 Textiles 5 7 62 Other 128 52 -60

Total 467 551 18

Vegetable fats, oils, and pellets; Beef products; and

Beef products 18%

O h l

Chemicals, rubber, and plastics

5%

Other 32%

g f p f pMaize accounted for 68% of total exports in January2014.

Vegetable fats, oils, and pellets, and Beef productsincreased by 325% and 26%


Other cereals 23%

Oilseeds 9%

Leather products 3%

increased by 325% and 26%.

Source: MF-DI, based on preliminary data reported by the CBP and UEW (2014).Note: * Exports of electricity not included.

Capital-Intensive

Chart 3: Top Exports according to factor intensity*Millions FOB (in USD) – January 2013/2014

Enero 2014 (en%)

Milli (i USD)

Agriculture1

25%

Labor-Intensive

Manuf.3 8%

Manuf. 4 7%ExportsMillions (in USD) Variation %

2014/20132013 2014

Agriculture1 251 137 -45

Agro-industry2 161 334 107

Agro-industry2

60%

Labor-Intensive Manuf.3 26 42 62

Capital-Intensive Manuf.4 29 40 36

Total 467 551 18

Labor-Intensive

M f 3 5%

Capital-Intensive

Manuf.4 6%

Agriculture and Agro-industry remain the majorportion of total Paraguayan exports (85%) in 2013.

Agro-industry doubled exports compared to thei i d

Enero 2013 (en %)

Agriculture1

54%Agro-industry2

35%

Manuf.3 5%previous period.

N t E h t i l i l d

Source: MF-DI, based on preliminary data reported by the CBP and UEW (2014).* Exports of electricity not included.


Note: Each category mainly includes :1 Agriculture: soybeans, maize (corn), and wheat.2 Agro-industry: soybean flour and pellets; beef (frozen and refrigerated); and soybean oil.3 Labor-Intensive Manufactures (LIM): bovine leather and skin; footwear parts; and other woods.4 Capital-Intensive Mnufactures (KIM): plastic demijohns; waste of copper; and several metals fountry.

Chart 4: Top products exported to Brazil*Millions FOB (in USD) – January 2013/2014

ExportsMillions (in USD) Participation % Variation %

2014/2013p 2014/20132013 2014 2013 2014 Soybeans - 39 0 36 -Cables for spark plugs 5 12 5 11 115Refrigerated beef 8 9 8 8 5Maize (corn) 8 4 8 4 -45Maize (corn) 8 4 8 4 45Plastic demijohns 4 4 4 4 6Footwear parts 3 3 3 2 5Sunflower oil 0,1 3 0,1 2 4.311Corn starch 1 2 1 2 88F b f 0 2 2 0 1 2 1 093Frozen beef 0,2 2 0,1 2 1.093Synthetic blankets 1 1 1 1 86Other 70 29 70 27 -59

Total 101 108 100 100 7

The top products exported to Brazil were: Soybeans, Cables for spark plugs, Refrigerated beef; andMaize (corn). These products accounted for 51% of total exports (USD 64 millions).

Among these top products, exports of Maize (corn) decreased by 45% compared to last year.



Chart 5: Top products exported to Argentina*Millions (in USD) – January 2013/2014

ExportsMillions (in USD) Participation % Variation % Exports 2014/20132013 2014 2013 2014

Cotton pants 0,5 1,7 2 15 245Glass demijohns 0,6 1,1 3 10 76Decorative pebbles 0,7 1,0 3 8 36Cylindrical filter for cigarettes 0 5 0 8 3 7 60Cylindrical filter for cigarettes 0,5 0,8 3 7 60Bovine leather and skins 0,5 0,8 2 7 68Plastic containers 0,3 0,6 2 5 85Plastic demijohns 0,3 0,6 2 5 85Seats (other parts) 0,6 0,5 3 4 -9Papers and cartons 0,4 0,7 2 7 77Other animal products 0,4 0,3 2 2 -38Other 15,7 3,2 76 28 -80

Total 21 11 100 100 -45

Exports to Argentina decreased by 45%. Seats (other parts) (-9%) and Other animal products(-38%) registered the major decrease.


Source: MF-DI, based preliminary data reported by the CBP and UEW (2014).* Exports of electricity not included.

Chart 6: Top products exported to Uruguay*Millions (in USD) – January 2013/2014

Millions (in USD) Participation % V i ti %ExportsMillions (in USD) Participation % Variation %

2014/20132013 2014 2013 2014 Maize (corn) 0,9 6,1 8 25 605Vessels for transportation of merchandise - 5,2 - 21 -Soybean flour and pellets 2,0 5,0 17 20 149Tobacco (dry leaves) 0,2 2,2 2 9 891Soybean oil 0,5 1,1 5 5 114Trasformers 0,5 0,9 4 4 89Bovine leather and skins - 1,0 - 4 -Lipid extration waste 0 4 2Lipid extration waste - 0,4 - 2 -Animal fats - 0,4 - 2 -Cotton pants 0,1 0,2 1 1 215Other 7,3 1,8 64 8 -75

Total 11 24 100 100 112

The top products exported to Uruguay in January 2014 were: Maize (corn), vessels fortransportation of merchandise, soybean flour and pellets, Tobacco (dry leaves), Soybean oil, andTransformers.


These products accounted for 87% of total exports to Uruguay in January (USD 20 millions)


Graph 3: Exports of beef by type of productMillions FOB (in USD) – January 2013/2014

70

84

66

106

10

32

74 7

Refrigerated Beef Frozen Beef Other Total

January - 2013 January - 2014

Exports of Beef Products in January 2014 increased by 26% compared to January 2013, andaccounted for USD 106 millions. Frozen beef represented 62% of total beef exports.


Source: MF-DI, based on preliminary data reported by the CBP and UEW (2014).

ImportsJanuary 2013/2014January 2013/2014


Graph 4: The evolution of Paraguay’s imports – January 2010 – 2014Millions CIF (in USD)

671

878 844

1.078

937

671

January 2010 January 2011 January 2012 January 2013 January 2014

Average Paraguay’s imports during the last five years accounted for USD 881 millions.Imports in January 2014 decreased by 13% compared to imports in January 2013.


Source: MF-DI, based on preliminary data reported by the CBP. (2014).

Graph 5: Imports by major trade blocs and countriesParticipation in portion to total imports


A t Assoc to ASEAN6 2%

EU-283 7%

Other7 5%Russia4 2%

Assoc. to MCS5 3% ASEAN6 5%

Other7 7%

Russia4 4%

Assoc. to MCS5 3%

ASEAN6 2%

MERCOSUR1

43%NAFTA2 7%MERCOSUR 1

39%NAFTA2 9%

EU-283 9%

MERCOSUR trade bloc was Paraguay’s major supplier. Imports from MERCOSUR accounted for

China 29%China 27%

USD 366 millions in January 2014. Imports from China accounted for USD 253 in January2014, making this country the second top supplier of Paraguay.Source: MF-DI, based on preliminary data reported by the CBP (2014).

1 MERCOSUR; Argentina, Brasil, Uruguay, and Venezuela.2 NAFTA: Canada, USA, and Mexico.3 EU 28: European Union with 28 Member countries


3 EU-28: European Union with 28 Member countries.4 Russia: the Russian Federation.5Countries Associated to MERCOSUR (Assoc. to MCS) it is included Regional Associated: Bolivia, Chile, Colombia, Ecuador, Peru, and overseas: Israel, Egypt, India, and SACU(Botswana, Lesotho, Namibia, South Africa, and Swaziland).6ASEAN: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia.7 Other: Rest of the World.

Chart 7: Imports by trade blocs and countriesMillions CIF (in USD) – January 2013/2014

ImportsMillions (in USD) Variation %

2014/2013p 2014/20132013 2014 MERCOSUR1 464 366 -21 China 309 253 -18 NAFTA2 73 88 21 EU-283 74 80 9EU 28 74 80 9 Russia4 21 39 80 Assoc. to MCS5 31 26 -15 ASEAN6 55 19 -65 Other7 52 66 27

13Total 1.078 937 -13

Imports from MERCOSUR (39%) and the People’s Republic of China represented 66% of totalimports in January 2014. Imports from both regions reported a sharp decrease in January 2014compared to January 2013compared to January 2013.Imports from Russia (80%), NAFTA (21%), and the EU (9%) reported the major increase rates.

Source: MF-DI, based on preliminary data reported by the CBP (2014).

1 MERCOSUR; Argentina, Brasil, Uruguay and Venezuela.2 NAFTA: Canada, USA, and Mexico.3 EU 28: European Union with 28 Member countries


3 EU-28: European Union with 28 Member countries.4 Russia: the Russian Federation.5Countries Associated to MERCOSUR (Assoc. to MCS) it is included Regional Associated: Bolivia, Chile, Colombia, Ecuador, Peru, and overseas: Israel, Egypt, India, and SACU(Botswana, Lesotho, Namibia, South Africa, and Swaziland).6ASEAN: Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei, Vietnam, Laos, Myanmar, and Cambodia.7 Other: Rest of the World.

Chart 8 : Imports according to factor intensityMillions CIF (in USD) – January 2013/2014 January 2014 (%)

Agriculture 4%

Imports Millions (in USD) Variation % 2014/20132013 2014

Agriculture1 57 34 -41

Agro-industry2 57 53 -8

gAgro-industry 6%

Labor-Intensive Manufactures 6%

Labor-Intensive Manuf.3 66 60 -9

Capital-Intensive Manuf.4 899 791 -12

Total 1.078 937 -13

Capital-Intensive

Manufactures 84%

Capital-Intensive Manufactures accounted for 84% of totalParaguay’s imports in January 2014.

January 2013 (%)Agriculture 5%

Agro-industry 5%

Labor-Intensive f %Source: MF-DI, based on preliminary data reported by the CBP. (2014)

Note: each category includes mainly:1 Agriculture: tobacco (dry leaves); maize (corn) for sowing, and waste of tobacco.2 Agro-industry: malt beer, ingredients for elaboration of beverages, and cigarettes.3 Manuf. Intensive in Labor (MIL): wire-cables, footwear, polyethylene papers.4 Manuf. Intensive in Capital(MIK): diesel oil, laptops, mineral or chemical fertilizers.

Manufactures 6%

Capital-Intensive Manufactures 83%


Imports Millions (in USD) Variation % 2014/20132013 2014

Chart 9: Imports by major type of productsMillions CIF (in USD) – January 2013/2014 January 2014 (%)

Chemicals, rubber,and plastics 20%

Other machinery Ferrous metals 3%

Other food products 3%

Other 18%2014/20132013 2014

Chemicals, rubber, and plastics 201 190 -5 Other machinery and equipment 158 142 -11 Petroleum and coal products 147 132 -10 Electronic devices 191 131 -31Vehicles and their parts 64 71 11

and equip. 15%

Petroleum and coal

Electronic devices 14%

Vehicles and their parts 8%

Other manuf. 4%Vehicles and their parts 64 71 11 Other manufactures 46 41 -9 Ferrous metals 26 30 15 Other food products 29 27 -7 Tobacco and beverages 23 22 -7 Paper products, publications 23 22 -5

prod. 14%

Chemicals, rubber,and plastics 19%

Other 20%

p p , pTextiles 22 20 -10 Metallic products 22 19 -13 Other 127 91 -28

Total 1.078 937 -13

January 2013 (%)

Other machinery and equip. 15%Other manuf. 4%

Ferrous metals 2%

Other food products 3%

Chemicals, rubber, and plastics; other machinery andequipment; Petroleum and coal products; and eletronicdevices accounted for 64% of total Paraguay’s imports inJanuary 2014.

Whil i i l d d i J 2014 V hi l


Petroleum and coal prod. 14%

Electronic devices 18%

Vehicles and their parts 6%

While imports in general decreased in January 2014, Vehiclesand their parts, and ferrous metals increased by 11% and15%.

Source: MF-DI, based on preliminary data reported by the CBP (2014).

Selected Indicators


Graph 6: Soybeans monthly price (USD/Ton)

623609

623 615

566

533 535 526 536 536518

542560 548

528503503

473 477 489 486

Jul.

2012

Aug

. 201

2

Sep.

201

2

Oct

. 201

2

Nov

. 201

2

Dec

. 201

2

Jan.

201

3

Feb.

201

3

Mar

. 201

3

Apr

. 201

3

May

. 201

3

Jun.

201

3

Jul.

2013

Aug

. 201

3

Sep.

201

3

Oct

. 201

3

Nov

. 201

3

Dec

. 201

3

Jan.

201

4

According to the Chicago Stock Market, Soybean prices decreased by 8% compared toJanuary 2013 on a year over year basis

Source: MF-DI, based on data reported by the US Department of Agriculture


January 2013 on a year-over-year basis.

Graph 7: Maize (corn) monthly price (USD/Ton)

333 332 321 322 322 309 303 303 309280

295 297279

235235207 202 199 198

173

2 2 2 2 2 2 3 3 3 3 3 3 3 3 3 3 3 3 4

Source: MF-DI, based on data reported by the US Department of Agriculture.

Jul.

2012

Aug

. 201

2

Sep.

201

2

Oct

. 201

2

Nov

. 201

2

Dec

. 201

2

Jan.

201

3

Feb.

201

3

Mar

. 201

3

Apr

. 201

3

May

. 201

3

Jun.

201

3

Jul.

2013

Aug

. 201

3

Sep.

201

3

Oct

. 201

3

Nov

. 201

3

Dec

. 201

3

Jan.

201

4

The Maize (corn) price decreased by 43% in January 2014 compared to January 2013 on ayear-over-year basis. The main reason for this sharp price decline is an offer excess in theworld market with influence of US production and offer


world market, with influence of US production and offer.

Graph 8: Wheat monthly price (USD/Ton)

361

346 349 353 358 361348

336

319310 309

319314

308

326

310 309 305 305 308 307

292 290

Jul.

2012

Aug

. 201

2

Sep.

201

2

Oct

. 201

2

Nov

. 201

2

Dec

. 201

2

Jan.

201

3

Feb.

201

3

Mar

. 201

3

Apr

. 201

3

May

. 201

3

Jun.

201

3

Jul.

2013

Aug

. 201

3

Sep.

201

3

Oct

. 201

3

Nov

. 201

3

Dec

. 201

3

Jan.

201

4

The Wheat price decreased by 14% in January 2014 compared to January 2013 on a

Source: MF-DI, based on data reported by the US Department of Agriculture


year-over-year basis.

Graph 9: Paraguay’s Balance of Trade* Millions (in USD) 2013/2014

467 551

1.078 937

611

-386

Source: MF DI based on preliminary data reported by the CBP and UEW

-611

January 2013 January 2014 Balance of Trade

Exports Imports

Source: MF-DI, based on preliminary data reported by the CBP and UEW. Note: *Exports of electricity not included.

The Trade Deficit of Paraguay decreased from USD 611 millions in January 2013 to USD 386millions in 2014. The Trade Gap of Paraguay decreased by USD 225 in January 2014.


p g y y y

Graph 10: Paraguay’s Balance of Trade with its MERCOSUR partners*Millions (in USD) – January 2013/2014

11

-2

0,1

-99

11 -

-185

-143 -134

-222

-331 Brazil Argentina Uruguay Venezuela Balance of Trade


Source: Ministry of Finance – Direction of Integration*Note: Exports of electricity not included

Paraguay’s Trade Deficit with its MERCOSUR partners decreased by 33% in January 2014


compared to January 2013. The Trade Deficit accounted for USD 222 millions in January 2014.

Graph 11: Monthly Exchange Rate (USD)*(Index: January 2008)

Peso (Argentina)

Real (Brazil)

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

2011

2012

2012

2012

2012

2012

2012

2012

2012

2012

2012

2012

2012

2013

2013

2013

2013

2013

2013

2013

2013

2013

2013

2013

2013

2014

Guarani (Paraguay)

Jan.

2Fe

b.2

Mar

.2A

pr.2

May

.2Ju

n.2

Jul.2

Aug

.2Se

p.2

Oct

.2N

ov.2

Dec

.2Ja

n.2

Feb.

2M

ar.2

Apr

.2M

ay.2

Jun.

2Ju

l.2A

ug.2

Sep.

2O

ct.2

Nov

.2D

ec.2

Jan.

2Fe

b.2

Mar

.2A

pr.2

May

.2Ju

n.2

Jul.2

Aug

.2Se

p.2

oct.2

Nov

.2D

ec.2

Jan.

2

Guarani Argentinean Peso Real

The Paraguayan currency (the Guarani) depreciated by near 1% in the last 24 months.


Source: MF-DI, based on data reported by the Central Bank of Paraguay.*Average Monthly Exchange Rate.

However, the depreciation was sharper during the last 12 months, when the Guarani fell by11%.

ParaguayParaguay

International Trade ReportJanuary 2014

U d S t f St t f th E


Under Secretary of State for the EconomyJanuary, 2014

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