Overview In January 2023 Espírito Santo exported $578M and imported $717M, resulting in a negative trade balance of $139M. Between January 2022 and January 2023 the exports of Espírito Santo have decreased by $-35.5M (-5.79%) from $614M to $578M, while imports increased by $67.9M (10.5%) from $649M to $717M.
Trade In January 2023, the top exports of Espírito Santo were Iron Ore ($162M), Semi-Finished Iron ($110M), Sulfate Chemical Woodpulp ($67.5M), Building Stone ($51.9M), and Crude Petroleum ($50.5M). In January 2023 the top imports of Espírito Santo were Coal Briquettes ($173M), Cars ($75.7M), Delivery Trucks ($48.6M), Planes, Helicopters, and/or Spacecraft ($42M), and Semiconductor Devices ($25.1M).
Destinations In January 2023, Espírito Santo exported mostly to United States ($276M), Malaysia ($50.7M), Argentina ($39.2M), Indonesia ($28.8M), and China ($25.2M), and imported mostly from China ($232M), Australia ($118M), United States ($81.4M), Argentina ($39.9M), and Germany ($28.4M).
Growth In January 2023, the decrease in Espírito Santo's year-by-year exports was explained primarily by an decrease in exports to Singapore ($-23.2M or -50.3%), Canada ($-15.9M or -35.8%), and Spain ($-13.4M or -87.5%), and product exports decrease in Building Stone ($-17.5M or -26.7%), Coffee ($-13.8M or -28.3%), and Crude Petroleum ($-6.22M or -8.68%). In January 2023, the increase in Espírito Santo's year-by-year imports was explained primarily by an increase in imports from Australia ($129M or 1.75k%), Argentina ($28.5M or 104%), and Russia ($26.1M or 234%), and product imports increase in Coal Briquettes ($131M or 310%), Delivery Trucks ($31.2M or 324%), and Coke ($30.6M or 508%).