India and Paraguay maintain cordial bilateral relations, primarily anchored in agricultural trade and pharmaceutical exports. Paraguay is one of the world's top exporters of soya, beef, and sesame — commodities of interest to India's food processing and edible oil industries. India exports pharmaceuticals, textiles, and manufactured goods to Paraguay. The relationship is limited in political depth but stable in commercial engagement. Paraguay recognises Taiwan (one of 12 countries to do so), a factor that India is conscious of in its own Taiwan-related diplomacy.
COOPERATION AREAS
Where India and Paraguay actually work together
4 active areas of cooperation, as of July 2026. Click any card for the full brief.
TRADE & INVESTMENT
By the numbers
All figures approximate FY 2023–24. Source: DGFT, Ministry of Commerce. Agricultural commodity flows through Brazilian and Argentine intermediaries are not fully captured in direct bilateral statistics.
$200m
Total bilateral trade in goods
$120m
India exports to country
$80m
India imports from country
Trade trajectory · USD bn
$0.2bnin FY24 · click a bar to compare years
TOP TRADED ITEMS
AGREEMENTS & MILESTONES
The relationship since 1961, in 5 dates
CURRENT STATE
Where things stand, 2026
India-Paraguay relations are stable and modestly commercial. Agricultural trade — particularly sesame imports and pharmaceutical exports — provides the substantive economic connection. No major bilateral initiative is underway, but the potential India-MERCOSUR FTA upgrade would be the most consequential development for bilateral commerce if concluded. Paraguay's Taiwan recognition is a background diplomatic consideration managed through careful language. ITEC cooperation sustains a small but consistent people-to-people connection.
SIGNALS TO WATCH
On track / positive momentum
In progress / worth watching
Stalled or facing headwinds
Not yet started / unclear
QUICK FACTS
CapitalAsunción
Population7.4 million
RegionAmericas
Diplomatic tiesSince 1961
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