New data Balance of Trade (Jan)
2/13/2025
actual -534.19, previous -783.56
The event is the Balance of Trade report for Paraguay, specifically for the month of January 2025. The actual balance of trade reported was -534.19 million PYG. This figure represents an increase of 249.37 million PYG compared to the previous month.The Balance of Trade measures the difference between the value of a country's exports and imports. A negative balance, as seen in this case, indicates that the country imported more goods and services than it exported during the given period.
The impact of this event is considered low, as it provides insight into the trade dynamics of Paraguay but may not have a significant immediate effect on the market. The previous balance of trade was -783.56 million PYG, so the current figure represents an improvement in the trade deficit.
Overall, this event suggests that Paraguay's trade situation in January 2025 showed a smaller deficit compared to the previous month, which could have implications for the country's economy and currency.
This is not investment advice. Remember to verify the information provided here.
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