Overview: In February 2021 Espírito Santo exported $469M and imported $398M, resulting in a positive trade balance of $70.6M. Between February 2020 and February 2021 the exports of Espírito Santo have increased by $69M (17.3%) from $400M to $469M, while imports increased by $23.6M (6.28%) from $375M to $398M.
Trade: In February 2021, the top exports of Espírito Santo were Iron Ore ($111M), Semi-Finished Iron ($83.3M), Building Stone ($59.2M), Steel Ingots ($48.5M), and Crude Petroleum ($42.8M). In February 2021 the top imports of Espírito Santo were Coal Briquettes ($49.9M), Telephones ($37.3M), Cars ($29.1M), Planes, Helicopters, and/or Spacecraft ($28.6M), and Coke ($18.1M).
Destinations: In February 2021, Espírito Santo exported mostly to United States ($172M), Bahamas ($42.8M), Philippines ($36.7M), Oman ($36.3M), and Argentina ($26.3M), and imported mostly from China ($124M), United States ($56.3M), Argentina ($23.5M), Australia ($20.6M), and Germany ($15.9M).
Growth: In February 2021, the increase in Espírito Santo's year-by-year exports was explained primarily by an increase in exports to Bahamas ($42.5M or 15.1k%), Philippines ($36.6M or 19.5k%), and Oman ($36.3M or 69.1k%), and product exports increase in Semi-Finished Iron ($63.1M or 312%), Iron Ore ($44.1M or 66.4%), and Building Stone ($18M or 43.8%). In February 2021, the increase in Espírito Santo's year-by-year imports was explained primarily by an increase in imports from China ($32.1M or 34.8%), Colombia ($12M or 5.21k%), and United States ($10.8M or 23.8%), and product imports increase in Coal Briquettes ($8.6M or 20.8%), Semiconductor Devices ($8.29M or 1.14k%), and Malt ($5.83M or 95%).