In the first 11 months of this year, Hong Kong is the fastest growing city of Paraguayan beef exports.

Published 2020년 12월 31일

Tridge summary

The Central Bank of Paraguay's "Foreign Trade Report" reveals a notable surge in beef exports to Hong Kong and Egypt from January to November of this year. Hong Kong's imports of Paraguayan beef increased by 866% in volume and 966% in value, making it the fastest-growing market. Egypt's imports experienced a significant rise as well, with a 556% increase in volume and 772% increase in value. Despite these growth figures, Hong Kong remains behind Chile as the largest buyer of Paraguayan beef. The report also highlights a mixed performance among other beef export markets, including Russia, Taiwan, Brazil, Israel, Uruguay, and Kuwait. Overall, Paraguay's beef exports saw a 7.7% increase in value and a 9% increase in volume from the previous year, totaling US$1,061.6 million and 286,200 tons.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The “Foreign Trade Report” recently released by the Central Bank of Paraguay (BCP) shows that from January to November this year, the export volume and value of Paraguayan beef to Hong Kong have both increased significantly, and Hong Kong has become the fastest growing market for Paraguayan beef exports. Paraguay The National Daily reported on December 29 that the BCP report showed that from January to November this year, Hong Kong imported 10,400 tons of Paraguayan beef, a year-on-year increase of 866%; imports amounted to US$29.4 million, a year-on-year increase of 966%. In addition, after Hong Kong, Paraguay's beef exports to Egypt have the second highest growth rate. During the above period, Egypt imported 7,000 tons of Paraguayan beef, an increase of 556% over the same period last year; imports amounted to US$21.1 million, an increase of 772% over the same period last year. The report also shows that in the first 11 months of this year, Paraguayan beef exports totaled ...

Source: Foodmate