“Breaking News: Paraguay’s Exports Skyrocket by 24% Thanks to Thriving Agriculture Industry!”

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“Paraguayan exports are spiking! As reported in Asunción, they’ve already reached an impressive US$ 15.8787 billion in just eleven months of 2023, marking a whopping 24% growth from the previous year. This jump is primarily thanks to the surge in shipments of soybeans, rice, and soybean meal, which make up 69.3% of all exports and have skyrocketed to US$ 11,001.6 million, a 19.1% increase since November 2022.

But wait, there’s more! Re-exports have grossed an incredible US$ 3.9048 billion, accounting for 24.6% of the total and reaching an astounding 36.6% growth. As a result, Paraguay’s foreign trade has yielded a surplus of US$ 1,623 million as of November, with imports hitting US$ 14.2557 billion, a 2.6% jump from the same period last year.

And there’s even better news on the horizon! The United States has officially opened its borders to Paraguayan meat, with 9 certified meat packing plants in the South American country receiving the green light from the US Food Safety and Inspection Service. This means that fresh meat, as well as frozen and industrialized meat and other derivatives, will now be welcomed into the US market after meeting strict safety standards.

US Ambassador to Asunción, Marc Ostfield, triumphantly announced the news on X, sharing the link to the Department of Agriculture’s official communication. And so, the long-awaited entrance of Paraguayan beef into the U.S. market has finally become a reality. Congratulations to Paraguay and its successful exports!”

Contact the Gateway to South America team to learn about the best investment opportunities in the region. The company is a benchmark for foreign investors wishing to invest in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay, providing expert advice on property acquisition and investment tours.

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