Overview: In February 2021 Lagoa Santa exported $887k and imported $12.3M, resulting in a negative trade balance of $11.4M. Between February 2020 and February 2021 the exports of Lagoa Santa have decreased by $-673k (-43.1%) from $1.56M to $887k, while imports decreased by $-13.5M (-52.4%) from $25.8M to $12.3M.
Trade: In February 2021, the top exports of Lagoa Santa 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 Santa 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 Santa exported mostly to N/A, and imported mostly from United States ($7.84M), China ($1.65M), Germany ($1.03M), Japan ($335k), and France ($228k).
Growth: In February 2021, the decrease in Lagoa Santa's year-by-year exports was explained primarily by an decrease in exports to China ($-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 ($-222M or -84.2%). In February 2021, the decrease in Lagoa Santa's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).