Overview: In February 2021 Ipatinga exported $1.5M and imported $47.1M, resulting in a negative trade balance of $45.6M. Between February 2020 and February 2021 the exports of Ipatinga have decreased by $-11.9M (-88.8%) from $13.4M to $1.5M, while imports increased by $26.8M (132%) from $20.3M to $47.1M.
Trade: In February 2021, the top exports of Ipatinga 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 Ipatinga 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, Ipatinga exported mostly to Argentina ($1.24M), Mozambique ($161k), United Arab Emirates ($51.9k), United States ($41.7k), and Belgium ($12.9k), and imported mostly from Russia ($17.3M), United Kingdom ($11.2M), United States ($8.73M), South Africa ($4.57M), and China ($2.05M).
Growth: In February 2021, the decrease in Ipatinga's year-by-year exports was explained primarily by an decrease in exports to China ($-585M or -41.9%), China ($-245M or -69.2%), and Singapore ($-158M or -99.8%), and product exports decrease in Crude Petroleum ($-1.01B or -52.8%), Soybeans ($-356M or -36.3%), and Soybeans ($-222M or -84.2%). In February 2021, the increase in Ipatinga's year-by-year imports was explained primarily by an increase in imports from Brazil ($1.11B or 235%), China ($276M or 38.4%), and China ($244M or 45.1%), and product imports increase in Electricity ($188M or 23.6k%), Petroleum Gas ($128M or 5.81M%), and Blood, antisera, vaccines, toxins and cultures ($81.9M or 83.2%).