Overview In December 2021 Espírito Santo exported $985M and imported $668M, resulting in a positive trade balance of $317M. Between December 2020 and December 2021 the exports of Espírito Santo have increased by $497M (102%) from $488M to $985M, while imports decreased by $-23.7M (-3.42%) from $692M to $668M.
Trade In December 2021, the top exports of Espírito Santo were Iron Ore ($247M), Semi-Finished Iron ($184M), Crude Petroleum ($113M), Hot-Rolled Iron ($98M), and Building Stone ($83.3M). In December 2021 the top imports of Espírito Santo were Delivery Trucks ($88M), Planes, Helicopters, and/or Spacecraft ($81.6M), Coal Briquettes ($81M), Cars ($40.6M), and Malt ($26.7M).
Destinations In December 2021, Espírito Santo exported mostly to United States ($293M), China ($112M), Malaysia ($79.4M), South Korea ($71.2M), and Netherlands ($57.1M), and imported mostly from China ($151M), Argentina ($140M), United States ($126M), Italy ($25.2M), and Mexico ($24.1M).
Growth In December 2021, the increase in Espírito Santo's year-by-year exports was explained primarily by an increase in exports to United States ($181M or 161%), South Korea ($71M or 37.9k%), and China ($64.7M or 138%), and product exports increase in Iron Ore ($150M or 154%), Semi-Finished Iron ($130M or 239%), and Hot-Rolled Iron ($83.3M or 563%). In December 2021, the decrease in Espírito Santo's year-by-year imports was explained primarily by an decrease in imports from Brazil ($-209M or -100%), France ($-42M or -76%), and Australia ($-17.2M or -81.2%), and product imports decrease in Flexible Metal Tubing ($-104M or -100%), Valves ($-71.2M or -99.3%), and Plastic Pipes ($-52M or -100%).