Imports under the Raw Materials regime exceed USD 280 million

Asuncion, IP Agency.- The Ministry of Industry and Commerce reports that authorized purchases under this incentive reached a value of USD 282 million at the end of August, some USD 62 million more than what was recorded in the same period of the previous year, representing a 32% increase, according to data from the latest report provided by the Vice Ministry of Industry.

The MIC Special Regimes Directorate detailed that in the month of August alone, this incentive totaled USD 41 million in authorized imports, benefiting some 132 industries and approximately 553 applications were authorized.

By the end of August 2024, a total of 248 companies had benefited, representing an increase of 4% compared to the cumulative total of the previous period.

In addition, a total of 3,777 import applications were authorised during this period, with a positive variation of 22%, that is, some 684 more applications.

Of the total number of industries benefited in the first eight months of the year, 77% are concentrated in the metallurgical, chemical and pharmaceutical, rubber and plastics, food and beverage, and textile sectors.

To a lesser extent, there are the paper and printing, furniture manufacturing, tobacco products, construction materials, machinery and electrical appliances sectors, among others.

The report also indicates that of the total imports authorized at the end of August, 91% were concentrated in industries located in the departments of Central and Alto Paraná.

Main sectors

Regarding authorized purchases by industrial sector, the data indicate that from January to August 2024, 75% of raw material imports were concentrated in the metallurgical, chemical and pharmaceutical sectors, as well as tobacco products.

As for the country of origin of these imports, it is detailed that at the end of August, 77% of the raw material purchases were from China, with 61%; followed by India and the United States, with 9% and 7%, respectively. Also, to a lesser extent, there are Japan, Turkey, with 4% and 3% each, among other countries, reports the Vice Ministry of Industry.