Asunción, IP Agency.- The export of Paraguayan products added nine new destination markets in the month of September, according to data released by the Ministry of Industry and Commerce.
Among the markets, some are being reached for the first time, while others were exported products that previously had no entry in those countries.
Among the new markets, the export of frozen meat to Bosnia-Herzegovina and peanuts to Bulgaria stands out. Likewise, in September, cotton was exported to the Thai market, for an amount close to 300 million dollars.
Significant amounts also represented exports of aluminum and copper scrap to the markets of Singapore and Vietnam, for values exceeding $180,000 for each destination.
Regarding the South American region, in September the export of synthetic fiber mats to Argentina, aluminum covers to Peru and steel billets to Brazil was achieved, as well as pillows to the Ecuadorian market.
With these new markets and exported items, Paraguay reinforces its position as a key player in the export of agricultural, industrial and consumer products, under the vision of sustainable economic growth promoted by the government.
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Interview with Juan Carlos López, Minister of Industry and Commerce of Paraguay
Editor: Welcome, Minister López! Thank you for joining us today to discuss the recent developments in Paraguay’s export markets.
Minister López: Thank you for having me! I’m excited to share the latest news about our export achievements.
Editor: In September, Paraguay added nine new destination markets for its products. Could you tell us more about which products are being exported and to where?
Minister López: Certainly! Some of the most notable exports include frozen meat to Bosnia-Herzegovina and peanuts to Bulgaria. We’ve also successfully exported cotton to Thailand, which is a significant milestone for our agricultural sector.
Editor: That’s impressive! What are the financial implications of these exports for Paraguay?
Minister López: The figures are quite encouraging. For instance, our cotton exports to Thailand alone reached close to $300 million. Additionally, we see significant values in exporting aluminum and copper scrap to Singapore and Vietnam, exceeding $180,000 for each market. This diversifies our export base and boosts our economy.
Editor: It also seems like some of these new markets had never imported Paraguayan products before. Why is that important?
Minister López: Expanding into new markets is crucial for diversifying our economy and reducing dependency on a few key trading partners. By reaching previously untapped markets, we enhance our resilience against economic fluctuations and create opportunities for our local industries.
Editor: You mentioned exports to South American countries as well. How are these regional trades performing?
Minister López: The regional market is thriving. In September alone, we exported synthetic fiber mats to Argentina, aluminum covers to Peru, steel billets to Brazil, and pillows to Ecuador. This collaboration strengthens our economic ties within the region and promotes intra-regional trade.
Editor: What do you foresee for the future of Paraguayan exports?
Minister López: We aim to continue exploring new markets and enhancing current relations. Our goal is to promote Paraguay as a reliable exporter of quality products on the global stage, which will ultimately benefit our economy and create jobs.
Editor: Thank you, Minister López, for sharing these exciting updates. We look forward to seeing how Paraguay’s export landscape evolves in the coming months.
Minister López: Thank you for having me! Let’s hope for continued success in our export endeavors.
Iversifying our economic opportunities and reducing our reliance on existing markets. It not only helps us grow as an export-oriented economy but also enhances our global presence. By accessing new markets, we create more jobs and foster sustainable economic growth, which aligns with our government’s vision.
Editor: You mentioned that products like synthetic fiber mats and aluminum covers were exported to South American countries as well. How significant are these trades for regional integration?
Minister López: Very significant! Strengthening ties with our South American neighbors through trade is vital for regional economic integration. It allows us to build stronger relationships, foster collaboration, and collectively enhance our competitiveness in global markets.
Editor: Looking forward, what can we expect from Paraguay’s export initiatives in the coming months?
Minister López: We are continually exploring new markets and product lines. Our focus will be on sustainable practices and innovation to ensure our exports reflect the values of quality and responsibility. With ongoing governmental support, we aim to keep expanding our reach and solidifying our position as a key player in agricultural, industrial, and consumer product exports.
Editor: Thank you, Minister López, for sharing these insights with us. It’s great to see Paraguay taking significant steps in expanding its export market.
Minister López: Thank you! It’s always a pleasure to discuss the positive developments in Paraguay’s economy.
