This landlocked country of South America is divided into two regions, the eastern and the western which occupies a land area of 406,752 square kilometers. Asuncion is the capital city of the nation and the hub of industries supporting the majority of the trade rates. The growing economy of the nation is majorly dependent on the import and export trade rates accompanying the finance and tourism sector. The strategic location and the increased investments of the government are the attributing factors behind the favorable trade generation. The rich history and culture is an attractive point of the nation influenced by the European colonizers and its neighboring countries.
The import trade rate of the country is a significant contributor to the economy of the nation with a wide range of imports ranging from petroleum products to consumer goods. The GDP has recorded a staggering value of 52.53 billion US dollars in 2023 with an import value of 12 billion US dollars.