Overview In July 2021 Montes Claros exported $19.8M and imported $13.3M, resulting in a positive trade balance of $6.55M. Between July 2020 and July 2021 the exports of Montes Claros have increased by $6.8M (52.3%) from $13M to $19.8M, while imports increased by $4.11M (44.9%) from $9.16M to $13.3M.
Trade In July 2021, the top exports of Montes Claros were Packaged Medicaments ($15.9M), Light Pure Woven Cotton ($1.01M), Rubber Footwear ($869k), Coffee ($592k), and Coffee and Tea Extracts ($405k). In July 2021 the top imports of Montes Claros were Hormones ($7.03M), Pharmaceutical Rubber Products ($852k), Synthetic Rubber ($828k), Plastic Lids ($733k), and Metal Stoppers ($557k).
Destinations In July 2021, Montes Claros exported mostly to Turkey ($5.26M), Denmark ($2.77M), Argentina ($1.43M), South Africa ($1.37M), and Malaysia ($1.32M), and imported mostly from Denmark ($6.85M), China ($1.37M), Germany ($1.23M), Italy ($1.08M), and France ($894k).
Growth In July 2021, the increase in Montes Claros's year-by-year exports was explained primarily by an increase in exports to Malaysia ($951k or 257%), South Africa ($777k or 132%), and Egypt ($678k or 112%), and product exports increase in Packaged Medicaments ($5.29M or 49.9%), Rubber Footwear ($458k or 112%), and Coffee ($435k or 277%). In July 2021, the increase in Montes Claros's year-by-year imports was explained primarily by an increase in imports from Denmark ($3.72M or 119%), Italy ($1.08M or 54.4k%), and Switzerland ($454k or 347%), and product imports increase in Hormones ($3.95M or 128%), Plastic Lids ($729k or 17.5k%), and Pharmaceutical Rubber Products ($310k or 57.2%).