Overview: In February 2021 Novo Horizonte exported $5.3M and imported $17k, resulting in a positive trade balance of $5.28M. Between February 2020 and February 2021 the exports of Novo Horizonte have increased by $1.83M (52.8%) from $3.47M to $5.3M, while imports increased by $10.2k (150%) from $6.81k to $17k.
Trade: In February 2021, the top exports of Novo Horizonte 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 Novo Horizonte 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, Novo Horizonte exported mostly to Bangladesh ($2.22M), Algeria ($1.15M), Morocco ($665k), Malaysia ($378k), and Angola ($222k), and imported mostly from China ($17k).
Growth: In February 2021, the increase in Novo Horizonte'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 Novo Horizonte'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%).