Varginha

Overview In February 2024 Varginha exported $127M and imported $37.9M, resulting in a positive trade balance of $89.6M. Between February 2023 and February 2024 the exports of Varginha have increased by $40M (45.7%) from $87.5M to $127M, while imports increased by $6.05M (19%) from $31.9M to $37.9M.

Trade In February 2024, the top exports of Varginha were Coffee ($125M), Light Fixtures ($601k), Manganese Oxides ($576k), Other Domestic Electric Housewares ($322k), and Raw Plastic Sheeting ($297k). In February 2024 the top imports of Varginha were Potassic Fertilizers ($4.66M), Medical Instruments ($2.84M), Electric Filament ($2.46M), Electric Heaters ($2.16M), and Unpackaged Medicaments ($1.89M).

Destinations In February 2024, Varginha exported mostly to Germany ($28.5M), United States ($18.5M), Belgium ($16.9M), Japan ($10.3M), and Italy ($8.76M), and imported mostly from China ($14M), India ($5.26M), Uzbekistan ($4.66M), United States ($3.05M), and Italy ($1.62M).

Growth In February 2024, the increase in Varginha's year-by-year exports was explained primarily by an increase in exports to United States ($14.4M or 57.9%), Germany ($14M or 39.8%), and South Korea ($5.39M or 192%), and product exports increase in Coffee ($28.2M or 18.4%), Manganese Oxides ($214k or 58.5%), and Other Domestic Electric Housewares ($104k or 25.4%). In February 2024, the increase in Varginha's year-by-year imports was explained primarily by an increase in imports from Russia ($2.54M or 166%), India ($2.16M or 47.1%), and China ($1.34M or 9.28%), and product imports increase in Nitrogenous Fertilizers ($6.84M or 281%), Nitrogen Heterocyclic Compounds ($3.65M or 320%), and Electric Heaters ($1.04M or 57.5%).