Espírito Santo

Overview In February 2024 Espírito Santo exported $742M and imported $832M, resulting in a negative trade balance of $89.9M. Between February 2023 and February 2024 the exports of Espírito Santo have increased by $228M (44.4%) from $514M to $742M, while imports increased by $273M (48.8%) from $559M to $832M.

Trade In February 2024, the top exports of Espírito Santo were Iron Ore ($229M), Semi-Finished Iron ($111M), Coffee ($94.7M), Sulfate Chemical Woodpulp ($82.4M), and Building Stone ($64.7M). In February 2024 the top imports of Espírito Santo were Cars ($269M), Planes, Helicopters, and/or Spacecraft ($85.3M), Coal Briquettes ($85.2M), Delivery Trucks ($34.6M), and Large Construction Vehicles ($15.5M).

Destinations In February 2024, Espírito Santo exported mostly to United States ($294M), Egypt ($74.7M), Malaysia ($57M), Argentina ($41.6M), and Saudi Arabia ($31M), and imported mostly from China ($298M), United States ($92.9M), Australia ($46.9M), Germany ($44.9M), and Argentina ($40.9M).

Growth In February 2024, the increase in Espírito Santo's year-by-year exports was explained primarily by an increase in exports to United States ($125M or 82.7%), Indonesia ($26.3M or 439%), and Argentina ($18.5M or 69.2%), and product exports increase in Semi-Finished Iron ($32.4M or 41.7%), Steel Ingots ($21.7M or 110%), and Iron Ore ($19.8M or 13%). In February 2024, the increase in Espírito Santo's year-by-year imports was explained primarily by an increase in imports from China ($83M or 55.8%), South Africa ($10.9M or 258%), and Slovakia ($10M or 670%), and product imports increase in Cars ($43.6M or 136%), Planes, Helicopters, and/or Spacecraft ($11.7M or 38.8%), and Semiconductor Devices ($11.6M or 85.2%).