By supporting the Brazilian crushing industry, Paraguay hits +240% YOY on its soy exports.

Paraguay was the main supplier of soybeans to Brazil from January to June. Of the 272.3 thousand tons imported to Brazil, 99.4% came from the neighboring country. The volume is 240% higher than the 79.6 thousand tons supplied by Paraguay in 2019. Second, was Uruguay, with 1.4 thousand tons.

The industry in Brazil has been suffering many impacts due to multiple drivers, in the regard we can pinpoint biofuel market, Chinese and US trade war, disruptions originated from Covid-19, amidst other minor reasons.

For the oil imports, 19,500 tons had been accounted, 92% originated from Argentina. Second, Paraguay, with 1,500 tons. The data are from the Foreign Trade Secretariat (Secex) of the Ministry of Economy.