Overview In July 2021 Minas Gerais exported $3.8B and imported $1.01B, resulting in a positive trade balance of $2.79B. Between July 2020 and July 2021 the exports of Minas Gerais have increased by $1.61B (73.7%) from $2.19B to $3.8B, while imports increased by $388M (62.5%) from $621M to $1.01B.
Trade In July 2021, the top exports of Minas Gerais were Iron Ore ($2.14B), Coffee ($243M), Gold ($172M), Ferroalloys ($155M), and Soybeans ($120M). In July 2021 the top imports of Minas Gerais were Coal Briquettes ($57.1M), Nitrogenous Fertilizers ($53.7M), Mixed Mineral or Chemical Fertilizers ($46.3M), Delivery Trucks ($37.4M), and Vehicle Parts ($27.7M).
Destinations In July 2021, Minas Gerais exported mostly to China ($1.79B), United States ($220M), Netherlands ($160M), Oman ($130M), and Canada ($129M), and imported mostly from China ($214M), United States ($154M), Argentina ($65.4M), Russia ($61M), and Italy ($60.2M).
Growth In July 2021, the increase in Minas Gerais's year-by-year exports was explained primarily by an increase in exports to China ($879M or 96.6%), Netherlands ($110M or 218%), and United States ($86.1M or 64.5%), and product exports increase in Iron Ore ($1.28B or 149%), Ferroalloys ($92.1M or 146%), and Manganese Oxides ($45M or 3.14k%). In July 2021, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from United States ($63.2M or 69.5%), China ($59.4M or 38.4%), and Russia ($40.5M or 198%), and product imports increase in Coal Briquettes ($49.2M or 620%), Delivery Trucks ($37.3M or 35.1k%), and Nitrogenous Fertilizers ($28.6M or 114%).