In Paraguay, a record of soybean exports in 2020 decreased economic decline

Published Jan 19, 2021

Tridge summary

In 2020, Paraguay's soy bean exports exceeded the 2017 numbers, with 6.5 million tons being shipped despite logistic delays, generating a foreign exchange income of USD 2,146 million, a 36% increase from 2019. The soy complex and its industrial derivatives brought in an additional USD 1,825 million. Argentina was the primary importer of Paraguayan soybeans, followed by Brazil and Russia. Cargill was the leading soybean exporter, with Glenpar and Sodrugestvo also significant players among the 52 companies that registered exports.

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

Original content

The amount of disallowed soy beans registered in 2020 exceeds that of 2017, the year in which 6.32 million tons were shipped. Lic. Sonia Tomassone, foreign trade advisor, indicated that due to the condition of logistics delays caused by the lowering of the rivers, there is still a remnant of 2020 soybeans to be exported in January, so that the 6.5 million tons of export. Impact. Soybean exports represented a foreign exchange income of USD 2,146 million, 36% more than that received in 2019, the year in which USD 1,576 million were injected, according to data from the Central Bank of Paraguay (BCP). The soy complex (soybeans, corn and wheat) and its industrial derivatives (corn flour, wheat, soybean pellets and oils) have received USD 3,971 million, giving support and relief to the country's economy. Destinations. The main destination of Paraguayan soybeans was Argentina, with a 76% share, which represented a total of 4.93 million tons exported during 2020 to the neighboring ...

Source: Productivacm