Paraguayan products with potential shipping to Singapore added

Published 2021년 3월 30일

Tridge summary

Paraguay has potential to increase exports to Singapore, with products like pork, beef, soybean oil, and corn currently not being imported. In 2020, Paraguay's exports to Singapore totaled USD 1.75 million, with beef being the most exported product. The Ministry of Finance has identified several products with potential export potential, including animal fat, fresh/refrigerated bovine, frozen pork, and frozen poultry. Additionally, crude soybean and corn oil have potential for export. Paraguay also has the opportunity to expand exports of other products, such as frozen beef, which has a potential of USD 900 thousand.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Currently, there are a number of Paraguayan products that do not enter Singapore; However, the great demand of this market allows Paraguay to have a wide potential to export new products to which a 0% tariff is applied, including pork, beef, soybean oil and corn, etc. Exports to Singapore represent 0.02% of Paraguay's total exports. In 2020, the Trade Balance of Paraguay with respect to Singapore showed a deficit of USD 384.3 million. Paraguay's exports to Singapore in 2020 totaled USD 1.75 million. The most exported Paraguayan product to Singapore was beef, for a value of USD 1.1 million (63% of the total exported to Singapore), followed by essential oils, for a value of USD 505 thousand (29%) and poultry meat and edible offal, worth USD 94 thousand (5%). According to the report of the Ministry of Finance, animal fat (cattle, sheep, goats) is one of the products with a potential export (EP) of USD 490.3 thousand. Regarding meats, fresh / refrigerated bovine (USD 307.1 thousand), ...

Source: Productivacm