Pakistan and Paraguay maintain friendly relations, with a focus on increasing bilateral trade and cooperation. As Pakistan aims to boost its export presence in textiles, leather, and pharmaceuticals, Paraguay's developing economy offers promising prospects. Collaborative efforts in international cooperation further enhance their diplomatic connections, enabling both nations to address shared challenges and aspirations through increased economic and cultural exchanges. Paraguay’s strong agricultural exports, particularly soybeans and meat, provide additional avenues for trade engagement.
Trade Figures for the last five years are as under:
|
Aggregate Bilateral Annual Trade with Paraguay |
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|
Million $ |
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|
Years |
Exports |
Imports |
Total Trade |
Trade Balance |
|
2018-19 |
6.33 |
3.56 |
9.89 |
2.77 |
|
2019-20 |
5.47 |
3.58 |
9.05 |
1.89 |
|
2020-21 |
7.82 |
27.57 |
35.39 |
-19.75 |
|
2021-22 |
5.50 |
67.36 |
72.86 |
-61.86 |
|
2022-23 |
5.88 |
41.22 |
47.1 |
-35.34 |
|
2023-24 |
10.93 |
31.02 |
41.95 |
-20.09 |