Overview: In February 2021 Teófilo Otoni exported $574k and imported $2.84k, resulting in a positive trade balance of $572k. Between February 2020 and February 2021 the exports of Teófilo Otoni have decreased by $-303k (-34.5%) from $878k to $574k, while imports decreased by $-29.7k (-91.3%) from $32.5k to $2.84k.
Trade: In February 2021, the top exports of Teófilo Otoni 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 Teófilo Otoni 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, Teófilo Otoni exported mostly to United States ($249k), Thailand ($203k), Japan ($41.7k), Germany ($18.7k), and Australia ($10.7k), and imported mostly from China ($2.84k).
Growth: In February 2021, the decrease in Teófilo Otoni's year-by-year exports was explained primarily by an decrease in exports to China ($-585M or -41.9%), China ($-245M or -69.2%), and Singapore ($-158M or -99.8%), and product exports decrease in Crude Petroleum ($-1.01B or -52.8%), Soybeans ($-356M or -36.3%), and Soybeans ($-222M or -84.2%). In February 2021, the decrease in Teófilo Otoni's year-by-year imports was explained primarily by an decrease in imports from United States ($-972M or -74.1%), United States ($-253M or -29.7%), and United Kingdom ($-143M or -84.7%), and product imports decrease in Other Construction Vehicles ($-1.19B or -100%), Flexible Metal Tubing ($-265M or -75.6%), and Valves ($-154M or -66.3%).