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Paraguay

US Revised Tariffs (%)

10

Ease of doing business

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
4.6
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
3.16
0.36
2.8

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Sunday, April 20, 2025, here's the latest information regarding tariffs and Paraguay: 1. U.S. Tariffs and Paraguay: General 10% Tariff: As of April 5, 2025, the United States has imposed a 10% tariff on goods from almost all countries, including Paraguay. This is a broad measure implemented by the Trump administration. "Reciprocal Tariffs" Pause: While higher "reciprocal tariffs" were initially announced for countries with significant trade deficits with the U.S., a 90-day pause was implemented on April 9, 2025, for most countries. It's likely this pause applies to Paraguay, meaning the tariff rate for now is the general 10%. Generalized System of Preferences (GSP): Paraguay has been a beneficiary of the U.S. GSP program in the past, which allows duty-free entry for certain eligible products. The USTR highlighted this in 2016 as a way to expand Paraguay's exports. The U.S. and Paraguay have discussed the reauthorization of the GSP program, with Paraguay expressing strong interest in continuing to receive these benefits. You would need to check the latest GSP status to see if Paraguay is currently included and which products qualify for duty-free treatment.   Trump Administration Statements: In early April 2025, statements from the Trump administration indicated that countries like Paraguay would face a minimum 10% tariff on exports to the United States. 2. Paraguay's Own Tariff Schedule: Applied Import Tariffs: Paraguay's applied import tariffs tend to be relatively low, with an average applied rate of around 10.1% according to information from early 2024. These rates can range from 0% to 30%.   Mercosur's Common External Tariff (CET): Paraguay is a member of Mercosur (Southern Common Market), which also includes Argentina, Brazil, and Uruguay. Mercosur has a Common External Tariff (CET) that averages 11.5%, with rates ranging from 0% to 35%. However, Paraguay has had exceptions to the CET.   WTO Commitments: Paraguay's average bound tariff rate at the WTO is significantly higher, at 33.5%. However, the applied tariffs are generally lower.   Recent Data: In 2021, Paraguay's applied weighted mean tariff rate across all products was 4.49%, a slight increase from 4.05% in 2020. This indicates that while some tariffs exist, the overall average has been relatively low in recent years. 3. Trade Agreements: U.S.-Paraguay Trade and Investment Framework Agreement (TIFA): This agreement, which entered into force in 2021, establishes a Council on Trade and Investment as the primary mechanism for addressing bilateral trade and investment issues. The council has met multiple times, with the latest meeting in September 2024 focusing on increasing and diversifying trade, improving market access, and other areas.   EU-Mercosur Agreement: In December 2024, the EU and Mercosur (including Paraguay) reached a political agreement on a significant partnership agreement aimed at increasing trade and investment by lowering tariffs and non-tariff barriers. This agreement is awaiting ratification.   In summary: As of April 20, 2025, Paraguay is subject to the general 10% tariff imposed by the United States on most imports. It's crucial to monitor the status of the 90-day pause on reciprocal tariffs to see if it remains in effect for Paraguay. Paraguay itself generally has relatively low applied import tariffs, and it is part of the Mercosur trade bloc, which has its own common external tariff. The U.S. and Paraguay also have a TIFA in place to discuss and improve trade relations, and the EU-Mercosur agreement could significantly impact Paraguay's trade with Europe once ratified.

US Negotiation Strategy

Based on the 2024 data, the top imports to the US from Paraguay are: Meat and edible meat offal ($96.31 Million) Oil seed, oleagic fruits, grain, seed, fruits ($69.30 Million) Products of animal origin ($41.99 Million) Pearls, precious stones, metals, coins ($38.74 Million) Wood and articles of wood, wood charcoal ($30.28 Million) Here's a look at which states in the US can manufacture similar products, along with examples of companies: Meat and edible meat offal: Several states have significant meat processing and packing industries.   Texas: Tyson Foods, JBS USA, Cargill Meat Solutions   Nebraska: Greater Omaha Packing, Hormel Foods Iowa: Iowa Premium (National Beef), Clemens Food Group Kansas: National Beef Packing Company, Creekstone Farms Premium Beef Other states with large meat processing include California, Wisconsin, Pennsylvania, and North Carolina. Oil seed, oleagic fruits, grain, seed, fruits (primarily chia seeds based on a specific search): The US also produces various oilseeds and grains, though perhaps not the same specific types or quantities as imported. North Dakota: Leading producer of soybeans, canola, and flaxseed. Companies like ADM and Bunge have processing facilities.   Iowa: Major producer of corn and soybeans. Companies like Cargill and DuPont Pioneer are significant players.   Illinois: Another top state for corn and soybeans with processors like ADM and Ingredion. California: Produces a variety of fruits, nuts, and some oilseeds like safflower and sunflower. Companies range from large cooperatives to smaller family farms. While the US imports chia seeds from Paraguay ($287 million in 2024 total oil seed imports from Paraguay, the top subcategory), domestic production exists on a smaller scale in states like California, Arizona, and Florida. Companies include Healthworks and Nutiva.   Products of animal origin (this is a broad category, likely including hides, leather, etc.): Texas: Large cattle industry, supporting tanneries and leather goods manufacturers. Companies like Tandy Leather Factory.   California: Significant dairy and livestock industries, with companies processing hides and other animal byproducts. Wisconsin: Strong dairy industry, with related processing of animal byproducts.   Other states with livestock and related processing include Nebraska, Kansas, and Idaho. Pearls, precious stones, metals, coins: Nevada: Significant gold and silver mining. Companies like Barrick Gold and Newmont Corporation have operations.   Arizona: Copper mining is a major industry. Freeport-McMoRan is a key company.   Montana: Has mining activities for various metals. Manufacturing of jewelry and processing of precious stones occurs in states like New York and California, with numerous smaller and larger companies. The US Mint manufactures coins in Pennsylvania and Colorado.   Wood and articles of wood, wood charcoal: Oregon: Major lumber and wood products industry. Companies like Weyerhaeuser and Georgia-Pacific have significant operations.   Washington: Also a leading state in timber and wood manufacturing.   Georgia: Significant forestry and wood products sector.   North Carolina: Has a substantial furniture industry that utilizes wood products.   Production of wood charcoal occurs in various states, often by smaller, specialized companies. It's important to note that while these US states and companies manufacture similar types of products, the specific grades, varieties, and overall volumes may differ from those imported from Paraguay. Additionally, some of the imported goods might be raw materials or intermediate products used in further US manufacturing.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

Sources : ForbesUSDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia International Trade Administration

theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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