FormigaMunicipality in Minas Gerais State in Brazil
Exports (2019): $3.8M, Rnk 1152/2197
Top Destination (2019): $3.41M, United States
Top Export (2019): $1.13M, Baked Goods
Imports (2019): $6.74M, Rnk 632/2197
Top Origin (2019): $2.03M, Argentina
Top Import (2019): $2.2M, Nitrogenous Fertilizers
Exports: In 2019, Brazil's Formiga exported $3.8M, making it the 1152nd largest exporter out of the 2197 exporters in Brazil. In 2019 the top exports of Formiga were Baked Goods ($1.13M), Chocolate ($460k), Other Edible Animal Products ($273k), Chlorates and Perchlorates ($215k), and Confectionery Sugar ($166k).
Imports: In 2019, Brazil's Formiga imported $6.74M, making it the 632nd largest importer out of the 2197 importers in Brazil. In 2019 top imports of Formiga were Nitrogenous Fertilizers ($2.2M), Wheat Flours ($1.88M), Industrial Furnaces ($448k), Seats ($412k), and Industrial Food Preperation Machinery ($369k).
Top Destination (2019): United States, $3.41M
Top Product (2019): Baked Goods, $1.13M
In 2019 the top export destinations of Formiga were United States ($3.41M), China ($274k), Japan ($26.6k), South Africa ($25.4k), and Uruguay ($23.7k).
In 2019 the top exports of Formiga were Baked Goods ($1.13M), Chocolate ($460k), Other Edible Animal Products ($273k), Chlorates and Perchlorates ($215k), and Confectionery Sugar ($166k).
Fastest Growing Exports Destination (May 2019 - May 2020)
Top Origin (2019): Argentina, $2.03M
Top Import (2019): Nitrogenous Fertilizers, $2.2M
In 2019 the top import origins of Formiga were Argentina ($2.03M), Belgium ($1.11M), China ($999k), Italy ($829k), and Bolivia ($513k).
In 2019 the top imports of Formiga were Nitrogenous Fertilizers ($2.2M), Wheat Flours ($1.88M), Industrial Furnaces ($448k), Seats ($412k), and Industrial Food Preperation Machinery ($369k).
This section shows differences between total trade from Formiga throughout time.
The municipalities of Brazil with the highest exports in 2019 were Rio De Janeiro ($11.3B), Duque De Caxias ($10.4B), Parauapebas ($7.02B), Canaã Dos Carajás ($4.93B), and São Paulo ($4.14B)
The municipalities of Brazil with the highest imports in 2019 were Manaus ($10.1B), São Paulo ($10.1B), Rio De Janeiro ($9.48B), Itajaí ($7.3B), and Macaé ($5.31B)
This section shows forecasts for total exports and imports from Formiga. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
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