Overview: In February 2021 Itabira exported $104M and imported $7.29M, resulting in a positive trade balance of $96.9M. Between February 2020 and February 2021 the exports of Itabira have increased by $31M (42.3%) from $73.2M to $104M, while imports decreased by $-5.16M (-41.4%) from $12.4M to $7.29M.
Trade: In February 2021, the top exports of Itabira 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 Itabira 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, Itabira exported mostly to Oman ($47.9M), China ($23.4M), Malaysia ($11M), Japan ($8.94M), and Philippines ($5.97M), and imported mostly from United States ($4.31M), China ($1.76M), Chile ($998k), Germany ($199k), and Canada ($19.2k).
Growth: In February 2021, the increase in Itabira'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 ($288M or 5.57k%). In February 2021, the decrease in Itabira's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).