Overview: In February 2021 Varginha exported $108M and imported $32.6M, resulting in a positive trade balance of $75M. Between February 2020 and February 2021 the exports of Varginha have increased by $16.5M (18.2%) from $91M to $108M, while imports increased by $9.55M (41.5%) from $23M to $32.6M.
Trade: In February 2021, the top exports of Varginha 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 Varginha 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, Varginha exported mostly to United States ($22.2M), Belgium ($19.9M), Germany ($18.5M), Italy ($9.6M), and Japan ($4.87M), and imported mostly from China ($11.7M), India ($6.71M), Russia ($2.47M), Germany ($2.08M), and Italy ($1.97M).
Growth: In February 2021, the increase in Varginha'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 Varginha'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%).