Overview: In February 2021 Morungaba exported $245k and imported $235k, resulting in a positive trade balance of $9.86k. Between February 2020 and February 2021 the exports of Morungaba have increased by $62.8k (34.5%) from $182k to $245k, while imports increased by $125k (114%) from $110k to $235k.
Trade: In February 2021, the top exports of Morungaba 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 Morungaba 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, Morungaba exported mostly to Argentina ($98.6k), Germany ($69.9k), Portugal ($68.1k), Japan ($5.51k), and Paraguay ($1.81k), and imported mostly from Italy ($182k), United States ($24.2k), China ($23.9k), Spain ($2.9k), and Germany ($1.71k).
Growth: In February 2021, the increase in Morungaba'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 Morungaba'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%).