Paraguay tops global food export rankings in 2023

In 2023, Paraguay emerged as the world’s leading food exporter relative to its total merchandise exports, with food products constituting 70.4% of its export portfolio. This significant proportion underscores the country’s strong agricultural sector and its pivotal role in global food supply chains.

South America’s agricultural powerhouses

Paraguay’s dominance is part of a broader trend in South America, with Uruguay and Argentina also ranking highly. Uruguay follows closely with 66.2% of its exports being food-related, while Argentina stands at 52.7%. These figures highlight the continent’s rich agricultural resources and its contribution to feeding populations worldwide.

Global comparisons: developed nations lag behind

In contrast, developed countries such as the United States and Germany have a much lower percentage of food exports relative to their total merchandise exports, at 9.5% and 6.0% respectively. This disparity reflects the diversified industrial bases of these economies, where technology, manufacturing, and services play a more significant role.

Implications for global food security

Paraguay’s leading position in food exports emphasizes the importance of agricultural economies in ensuring global food security. As climate change and geopolitical tensions threaten food supply chains, countries like Paraguay become increasingly vital in maintaining a stable and sufficient global food supply.

Looking ahead

With the global demand for food projected to rise, Paraguay’s role as a key food exporter is likely to become even more critical. Investments in sustainable agriculture and infrastructure will be essential for the country to maintain and enhance its position in the global market.