Overview: In February 2021 Luís Eduardo Magalhães exported $74.9M and imported $770k, resulting in a positive trade balance of $74.2M. Between February 2020 and February 2021 the exports of Luís Eduardo Magalhães have increased by $36.4M (94.4%) from $38.5M to $74.9M, while imports decreased by $-403k (-34.4%) from $1.17M to $770k.
Trade: In February 2021, the top exports of Luís Eduardo Magalhães 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 Luís Eduardo Magalhães 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, Luís Eduardo Magalhães exported mostly to China ($20.8M), Germany ($14.8M), France ($11.5M), Turkey ($8.19M), and Bangladesh ($6.49M), and imported mostly from Spain ($287k), United States ($172k), Russia ($117k), Kazakhstan ($105k), and China ($87.7k).
Growth: In February 2021, the increase in Luís Eduardo Magalhães'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 ($288M or 5.57k%). In February 2021, the decrease in Luís Eduardo Magalhães's year-by-year imports was explained primarily by an decrease in imports from United States ($-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%).