Paraguay is a landlocked nation in South America, sharing borders with Argentina, Brazil, and Bolivia, and its capital is Asunción. In 2024, as per Paraguay trade statistics data, Paraguay’s GDP was approximately USD 45.5 billion. The country recorded goods exports worth USD 10.88 billion in 2024, with primary and agricultural products such as soybeans, electricity, corn, and beef leading the charge. Paraguay is among the world’s top exporters of soybeans, ranking third globally, while also exporting significant volumes of hydroelectric power and agricultural commodities.