Overview: In February 2021 Machado exported $15M and imported $74.3k, resulting in a positive trade balance of $14.9M. Between February 2020 and February 2021 the exports of Machado have increased by $9.24M (162%) from $5.72M to $15M, while imports increased by $24.8k (50%) from $49.6k to $74.3k.
Trade: In February 2021, the top exports of Machado 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 Machado 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, Machado exported mostly to Germany ($3.84M), United States ($3.1M), Japan ($1.45M), Italy ($1.25M), and Belgium ($1.09M), and imported mostly from .
Growth: In February 2021, the increase in Machado'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 January 2021, the increase in Machado'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%).