Overview In February 2024 Contagem exported $36.3M and imported $69.6M, resulting in a negative trade balance of $33.4M. Between February 2023 and February 2024 the exports of Contagem have increased by $4.02M (12.4%) from $32.3M to $36.3M, while imports increased by $6.43M (10.2%) from $63.2M to $69.6M.
Trade In February 2024, the top exports of Contagem were Electrical Transformers ($12.8M), Refined Petroleum ($2.64M), Refractory Bricks ($2.63M), Other Stone Articles ($2.46M), and Frozen Bovine Meat ($2.27M). In February 2024 the top imports of Contagem were Refined Petroleum ($6.55M), Medical Instruments ($5.36M), Excavation Machinery ($4.26M), Large Construction Vehicles ($3.6M), and Bovine Meat ($3.2M).
Destinations In February 2024, Contagem exported mostly to United States ($18.7M), Argentina ($5.13M), Paraguay ($1.81M), Bolivia ($1.45M), and Netherlands ($1.16M), and imported mostly from United States ($20.8M), China ($12.9M), Paraguay ($5.69M), Italy ($4.3M), and Argentina ($4.08M).
Growth In February 2024, the increase in Contagem's year-by-year exports was explained primarily by an increase in exports to United States ($6.68M or 368%), Ireland ($869k or 147%), and Mexico ($632k or 402%), and product exports increase in Refractory Bricks ($2.62M or 170%), Low-voltage Protection Equipment ($1.38M or 164%), and Orthopedic Appliances ($1.17M or 197%). In February 2024, the increase in Contagem's year-by-year imports was explained primarily by an increase in imports from Malaysia ($5.36M or 13.8k%), India ($3.21M or 154%), and Italy ($2.86M or 102%), and product imports increase in Excavation Machinery ($1.37M or 46.4%), Large Construction Vehicles ($1.31M or 271%), and Electrical Lighting and Signalling Equipment ($734k or 94.8%).