Overview: In February 2021 Morro da Fumaça exported $715k and imported $1.61M, resulting in a negative trade balance of $893k. Between February 2020 and February 2021 the exports of Morro da Fumaça have increased by $308k (75.6%) from $407k to $715k, while imports increased by $280k (21.1%) from $1.33M to $1.61M.
Trade: In February 2021, the top exports of Morro da Fumaça 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 Morro da Fumaça 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, Morro da Fumaça exported mostly to Argentina ($409k), Paraguay ($183k), Peru ($80.3k), Bolivia ($33.6k), and Colombia ($9.55k), and imported mostly from Spain ($1.16M), United States ($451k), and United Kingdom ($1.58k).
Growth: In February 2021, the increase in Morro da Fumaça'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 increase in Morro da Fumaça'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%).