Of the total amount of exported beef, 21,000 kilograms consisted of edible internal organs, which brought in 2012 an additional profit for Paraguayan beef exporters, reaching more than $87 million.

Russia is in the first place among the 23 countries importing edible internal organs, from Asuncion. The Asian giant is followed by Hong Kong, Gabon, Angola, Vietnam and Democratic Republic of Congo.

In the course of this year, the main destination for Paraguayan beef products remains Russia, with 70% of the total amount exported, Brazil is in the second place with 14% and Angola and Israel are in the third and fourth places, respectively.

Paraguay's international market share of beef exports is on the rise; its cattle are considered to have a tender flavor and taste which is different from beef products exported by Argentina and Brazil.

Paraguay's industry of cattle grazing is fully dependent on organically grown food fed to the animals, which has been cited as the reason why countries such as Russia and even Brazil, prefer to import beef from this landlocked country which is thought to have a potential of providing food for the whole world.

According to Dr. Blas Oddone, DVM, a local expert in Paraguay's current exporting capacity of beef, "In 2012, the Mediterranean country, experienced a substantial growth in beef exports despite many animal health issues faced by the cattle ranchers. Last year Paraguay exported a total of 186,289,829 kilograms of beef, reaching more than $903 million in value, and securing more than $105 million dollars revenue growth when compared to the balance of 2011."

Panama is another important trading partners of Paraguay. Both countries celebrated their 20th anniversary of the beginning of bilateral cooperation, which has grown substantially in the last years, mainly in the sectors of trade, tourism and cooperation in the war against organized crime and extradition of inmates. Paraguay's friendly relations with Panama have made possible COPA's,

Panama's airlines' service flagship, with direct flights between Asuncion and Panama City, since 2007.

Paraguayan authorities are highly engaged and constantly share valuable information and expertise with their Panamanian counterparts, especially in areas such as: hydroelectric production and its latest applied technology, bilingual training programs for the armed forces and assistance in improving the performance of public health projects.

On the other hand, Panama City shares its successful and long experience with Asuncion, particularly in the shipment and cargo management, port administration, treatment of tropical disease, financial systems reform, and social housing programs.

In late 2012, the ministries of Panama and Paraguay signed a bilateral agreement that would further stimulate and promote bilateral trade. The extensive partnership and cooperation between Asuncion and Panama City, is additionally based in another important pillar that of bilateral trade exchange.

In 2010, the capacity of Paraguay's exported products to Panama was doubled consisting in more than USD 13.7 million as compared to the previous year which consisted in only USD 6 million. In 2011, Paraguayan exports reached a monetary value of more than USD 6.8 million and imported products from Panama totaled USD 3.9 million.

Bilateral trade relations have been predominantly in favor of Paraguay even though the latter is not an ocean born nation. There are great opportunity for both countries to rekindle their respective strategies towards maximizing the use of Paraguay's wealth of natural resources and Panama's favorable geographic position, such characteristics that would immensely help and reinvigorate the economies of both nations.