Overview: In March 2021 Contagem exported $27.3M and imported $81.5M, resulting in a negative trade balance of $54.2M. Between March 2020 and March 2021 the exports of Contagem have increased by $3.85M (16.5%) from $23.4M to $27.3M, while imports increased by $39.8M (95.8%) from $41.6M to $81.5M.
Trade: In March 2021, the top exports of Contagem were Frozen Bovine Meat ($4.28M), Large Construction Vehicles ($2.46M), Refined Petroleum ($2.32M), Precious Metal Scraps ($2.12M), and Orthopedic Appliances ($1.88M). In March 2021 the top imports of Contagem were Wheat ($5.82M), X-Ray Equipment ($5.68M), Excavation Machinery ($5.36M), Refined Petroleum ($4.48M), and Medical Instruments ($4.29M).
Destinations: In March 2021, Contagem exported mostly to United States ($2.63M), Netherlands ($2.62M), Poland ($2.12M), Colombia ($1.94M), and Argentina ($1.92M), and imported mostly from China ($18.4M), United States ($13.3M), Argentina ($8.05M), Germany ($6.78M), and Italy ($5.75M).
Growth: In March 2021, the increase in Contagem's year-by-year exports was explained primarily by an increase in exports to Bolivia ($895k or 101%), Saudi Arabia ($703k or 104%), and Argentina ($509k or 36.1%), and product exports increase in Electrical Transformers ($1.55M or 40.5k%), Frozen Bovine Meat ($1.14M or 36.1%), and Dried Legumes ($823k or 3.61k%). In March 2021, the increase in Contagem's year-by-year imports was explained primarily by an increase in imports from China ($11.8M or 179%), United States ($8.2M or 161%), and Germany ($4.64M or 218%), and product imports increase in Excavation Machinery ($5.34M or 22.1k%), X-Ray Equipment ($3.37M or 146%), and Semiconductor Devices ($3.18M or 564%).