Araxá

Overview In February 2024 Araxá exported $192M and imported $4.71M, resulting in a positive trade balance of $187M. Between February 2023 and February 2024 the exports of Araxá have increased by $56.5M (41.8%) from $135M to $192M, while imports decreased by $-691k (-12.8%) from $5.4M to $4.71M.

Trade In February 2024, the top exports of Araxá were Ferroalloys ($168M), Other Metals ($20.4M), Inorganic Salts ($3.2M), Coffee ($167k), and Hard Liquor ($35.5k). In February 2024 the top imports of Araxá were Sulphur ($1.36M), Malt Extract ($697k), Nitrogenous Fertilizers ($608k), Other Frozen Vegetables ($589k), and Other Metals ($502k).

Destinations In February 2024, Araxá exported mostly to China ($66.3M), Netherlands ($44.9M), United States ($33.3M), South Korea ($21.8M), and Japan ($7.65M), and imported mostly from United States ($917k), China ($575k), Germany ($553k), Netherlands ($506k), and Brazil ($502k).

Growth In February 2024, the increase in Araxá's year-by-year exports was explained primarily by an increase in exports to China ($79.6M or 481%), Japan ($4.37M or 58.9%), and Mexico ($3.21M or 251%), and product exports increase in Ferroalloys ($68.8M or 57%), Other Metals ($6.4M or 54.3%), and Inorganic Salts ($2.15M or 68.7%). In February 2024, the decrease in Araxá's year-by-year imports was explained primarily by an decrease in imports from Canada ($-3.53M or -79.7%), China ($-2.31M or -91.1%), and Russia ($-1.99M or -69.6%), and product imports decrease in Sulphur ($-2.49M or -59.8%), Nickel Powder ($-1.59M or -63.9%), and Nitrogenous Fertilizers ($-1.1M or -64.9%).