Overview: In February 2021 Lagoa da Prata exported $670k and imported $1.42M, resulting in a negative trade balance of $749k. Between February 2020 and February 2021 the exports of Lagoa da Prata have increased by $62.5k (10.3%) from $608k to $670k, while imports increased by $527k (59.1%) from $892k to $1.42M.
Trade: In February 2021, the top exports of Lagoa da Prata 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 Lagoa da Prata 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, Lagoa da Prata exported mostly to Bolivia ($123k), Russia ($105k), Dominican Republic ($80k), Nigeria ($72.1k), and China ($46.3k), and imported mostly from China ($1.1M), India ($209k), Taiwan ($88.1k), South Korea ($15.5k), and United States ($6.34k).
Growth: In February 2021, the increase in Lagoa da Prata'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 increase in Lagoa da Prata'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%).