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South America and South Atlantic Islands
Paraguay |
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Last updated: 5 January 2009 |
Country information
TRADE AND INVESTMENT
Trade and Investment with the UK
|
£ Millions |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
2006 |
2007 |
| UK Exports |
24.14 |
22.04 |
13.17 |
14.80 |
15.80 |
12.58 |
13.65 |
10.71 |
| UK Imports |
1.27 |
2.17 |
2.12 |
1.33 |
0.95 |
0.78 |
1.37 |
2.11 |
(Source: The Southern Cone Unit, UKT&I)
The Paraguayan British Chamber of Commerce is an active organisation representing companies which have a connection with the UK.
There are several British companies active in Paraguay, for example: HSBC acquired all of Lloyds TSB branch assets in Paraguay in 2006 [and are now operating there). Filtrona Ltd produces tobacco products; Molins Ltd sells machinery and parts for the tobacco industry. Shell, Unilever and Diageo, Landrover are also represented in the market.
In January 2004, the British firm CDS Oil & Gas Ltd. launched an exploration programme to determine the presence and volume of oil and natural gas in the Chaco.
Export and Investment Opportunities
Agriculture and agro-industry, the mainstays of the economy (accounting for 30% of output), offer worthwhile opportunities for British exporters and investors. There are opportunities for UK companies with technological expertise in the health, agricultural, oil and gas and telecommunications sectors. Substantial investment in irrigation and road building are also needed.
Principal UK exports are alcoholic beverages followed by textiles, road vehicles, organic chemicals, power generating machinery and equipment and chemical materials. The UK's main imports are sugar, cork and wood, beverages, organic chemicals and clothing. The Paraguayans are actively trying to develop export markets for some agricultural and handicraft products (beef, charcoal and leather goods) through the trade promotion organisation PROPARAGUAY.
Contact details for PROPARAGUAY:
PROPARAGUAY - Dirección General de Promoción de las Exportaciones e Inversiones
MINISTERIO DE RELACIONES EXTERIORES
Rep. Dominicana esq. Juan de Salazar
Asunción, Paraguay
Telefax (595 21) 20 70 55
