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11 Sep 2019, Radoslav Yordanov, EMIS Editor

Paraguayan exports drop 16% y/y in January-August

 Paraguay’s exports fell 16% year-on-year to USD 5.34bn during the first eight months of 2019, M-Brain News Monitoring reported citing figures released by the local central bank BCP. 

Agriculture shipments decreased 18% y/y during the period of reference, while commodity and fuel and energy sales went down by 14% y/y and 23% y/y, respectively. The decline is also explained by soybean and electricity exports which plummeted 24% y/y and 23% y/y, respectively. 

On the other hand, the monetary authority also revealed that Paraguay’s imports fell 6.1% y/y to USD 7.89bn in January-August. As a result, the country recorded a trade deficit of USD 2.55bn the first eight months of this year. 

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Original source: M-Brain News Monitoring