Soybean exports generate nearly $3 billion for Paraguay in first half of 2026

Paraguay's soy complex has significantly contributed to the national economy, generating $2.978 billion in exports between January and June 2026. Both raw soybean exports and processed derivatives experienced year-on-year growth in volume and foreign currency earnings, according to the Central Bank of Paraguay (BCP).

The export of natural soybeans alone reached $2.273 billion, a substantial 50% increase compared to the same period in 2025. In terms of volume, 5.89 million tons of soybeans were exported, up 43% from the previous year. This surge in grain exports highlights the resilience of Paraguayan producers despite market fluctuations.

Industries processing soybeans also maintained a high pace, boosting plant capacity utilization. Soybean oil exports climbed 22% to $354.7 million, with a 13% volume increase to 319,000 tons. Soybean flour exports saw an even more impressive rise, generating $349.6 million, a 53% increase, and a 14% volume growth to 1.15 million tons.

Argentina solidified its position as the main market for Paraguayan soybeans, absorbing 91.3% of the total value exported, amounting to $2.075 billion. This represents a 57.2% increase in value and a 49.4% rise in volume compared to the first half of 2025, underscoring a strong trade dependency on its neighbor.