Governador Valadares

Overview: In February 2021 Governador Valadares exported $803k and imported $1.53M, resulting in a negative trade balance of $725k. Between February 2020 and February 2021 the exports of Governador Valadares have increased by $550k (217%) from $253k to $803k, while imports decreased by $-4.21M (-73.3%) from $5.73M to $1.53M.

Trade: In February 2021, the top exports of Governador Valadares were Iron Ore ($1.56B), Iron Ore ($1.05B), Crude Petroleum ($902M), Soybeans ($625M), and Crude Petroleum ($464M). In February 2021 the top imports of Governador Valadares were Special Purpose Ships ($1.43B), Telephones ($192M), Vehicle Parts ($190M), Electricity ($189M), and Blood, antisera, vaccines, toxins and cultures ($180M).

Destinations: In February 2021, Governador Valadares exported mostly to United States ($555k), Germany ($134k), Hong Kong ($43.7k), Canada ($31k), and Cote d'Ivoire ($19.6k), and imported mostly from China ($1.01M), United States ($365k), Singapore ($82.7k), Japan ($59.6k), and Thailand ($6.89k).

Growth: In February 2021, the increase in Governador Valadares's year-by-year exports was explained primarily by an increase in exports to China ($555M or 10.7k%), China ($473M or 73.2%), and China ($380M or 101%), and product exports increase in Iron Ore ($656M or 72.6%), Iron Ore ($593M or 129%), and Soybeans ($288M or 5.57k%). In February 2021, the decrease in Governador Valadares's year-by-year imports was explained primarily by an decrease in imports from United States ($-972M or -74.1%), United States ($-253M or -29.7%), and United Kingdom ($-143M or -84.7%), and product imports decrease in Other Construction Vehicles ($-1.19B or -100%), Flexible Metal Tubing ($-265M or -75.6%), and Valves ($-154M or -66.3%).