Overview: In March 2021 Lagoa Santa exported $1.11M and imported $7.19M, resulting in a negative trade balance of $6.08M. Between March 2020 and March 2021 the exports of Lagoa Santa have decreased by $-1.69M (-60.3%) from $2.79M to $1.11M, while imports decreased by $-17.8M (-71.2%) from $25M to $7.19M.
Trade: In March 2021, the top exports of Lagoa Santa were Refined Petroleum ($254k), Other Edible Animal Products ($176k), Iron Oxides and Hydroxides ($173k), Precious Stones ($113k), and Laboratory Reagents ($80k). In March 2021 the top imports of Lagoa Santa were Medical Instruments ($1.53M), Low-voltage Protection Equipment ($689k), Electrical Power Accessories ($571k), Blood, antisera, vaccines, toxins and cultures ($305k), and Chemical Analysis Instruments ($278k).
Destinations: In March 2021, Lagoa Santa exported mostly to Puerto Rico ($173k), Japan ($158k), Portugal ($151k), United States ($81.7k), and Panama ($79.5k), and imported mostly from China ($2.66M), United States ($2.24M), Germany ($899k), South Korea ($222k), and Italy ($203k).
Growth: In March 2021, the decrease in Lagoa Santa's year-by-year exports was explained primarily by an decrease in exports to Portugal ($-713k or -82.6%), United States ($-258k or -76%), and Panama ($-190k or -70.5%), and product exports decrease in Refined Petroleum ($-939k or -78.7%), X-Ray Equipment ($-766k or -96.1%), and Iron Oxides and Hydroxides ($-82.2k or -32.1%). In March 2021, the decrease in Lagoa Santa's year-by-year imports was explained primarily by an decrease in imports from United States ($-18.1M or -89%), France ($-855k or -94.2%), and Japan ($-174k or -57.3%), and product imports decrease in Aircraft Parts ($-2.25M or -99.1%), Electric Motor Parts ($-1.42M or -98.5%), and Excavation Machinery ($-399k or -86.1%).