UK government support
UK Export Finance (UKEF) has a £3 to £4 billion export credit facility to help UK businesses export to Paraguay. If you are a UK exporter looking for financial support to bring your products or services to Paraguay, this is a good opportunity.
Top five UK goods exported to Paraguay , in the four quarters to the end of Q3 2023
|Goods||Value (£ million )|
|Plastics in non-primary forms||1.3|
|Specialised machinery (capital)||1.3|
|Scientific instruments (capital)||1.1|
|Coffee, tea, cocoa etc||0.5|
Total import value (into the UK from Paraguay) and export value (from the UK into Paraguay) over time
|Year||Imports (£ million )||Exports (£ million )||Total trade (£ million )|
ONS UK total trade: all countries, seasonally adjusted
Last updated: October 2023
Total trade is the sum of all exports and imports over the same time period.
Download the latest trade and investment factsheet for Paraguay.
Paraguay: at a glance
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Opportunities for exporters
There are opportunities for UK companies across a broad range of industries. Our trade advisers in Paraguay have identified opportunities for UK businesses in the following sectors:
Reforestation for biomass
With a need for adequate territorial planning in addition to technology incorporation, the forestry sector in Paraguay could benefit from UK expertise. Areas such as forestry plantation design and wood processing services are particularly valuable.
High scale farming technology
UK technology and know-how are sought after by farmers who want to monitor their animals' health and progress more efficiently.
Reduction of food waste
Most of Paraguay’s exports to the UK consist of residues from the food industry. UK technology that could add value to this supply chain may have an opportunity here.
Demand for international products
In the last few years, many international food and drink brands and restaurants have either opened in or started selling in Paraguay. This shows there is an appreciation towards foods from other countries by local consumers.
Paraguay could be a logistics hub for distribution of food and drink products in the region to other countries with large populations (as part of the Mercosur trade bloc), offering a strategic geographic location and well developed fluvial logistics system.
The main form of public transport in Paraguay is buses. With the growing population and urbanisation in the rural areas, alternatives could be presented such as trains and bus rapid transit systems. There are also opportunities for British project developers in road building and bridge construction.
UK companies that offer solutions in this sector can find opportunities in Paraguay. The government-provided service of water supply is keen to develop and access to drinking water can be limited for many residents.
In recent years, there has been an increase in the construction of housing projects by the government as well as privately owned developments such as apartment buildings, shopping centres and condominiums. Paraguay’s main cities continue to expand, and British providers can play a key role in this.