Overview: In February 2021 Maranhão exported $279M and imported $205M, resulting in a positive trade balance of $74.2M. Between February 2020 and February 2021 the exports of Maranhão have increased by $108M (63.6%) from $170M to $279M, while imports decreased by $-50.4M (-19.8%) from $255M to $205M.
Trade: In February 2021, the top exports of Maranhão were Iron Ore ($90.8M), Aluminium Oxide ($81.7M), Pig Iron ($38.6M), Sulfate Chemical Woodpulp ($17.8M), and Gold ($14.5M). In February 2021 the top imports of Maranhão were Refined Petroleum ($124M), Iron Railway Products ($12.1M), Nitrogenous Fertilizers ($11.1M), Mixed Mineral or Chemical Fertilizers ($9.91M), and Potassic Fertilizers ($9.27M).
Destinations: In February 2021, Maranhão exported mostly to Canada ($86.9M), United States ($40.2M), South Korea ($35.5M), China ($20.3M), and Argentina ($18.2M), and imported mostly from United States ($127M), India ($12.4M), China ($11M), Algeria ($7.99M), and Japan ($7.89M).
Growth: In February 2021, the increase in Maranhão's year-by-year exports was explained primarily by an increase in exports to Canada ($35.8M or 70.2%), South Korea ($27.3M or 334%), and United States ($14.8M or 58.1%), and product exports increase in Iron Ore ($77.7M or 593%), Corn ($8.27M or 422%), and Raw Cotton ($1.53M or 27.1%). In February 2021, the decrease in Maranhão's year-by-year imports was explained primarily by an decrease in imports from United States ($-83.6M or -39.7%), Russia ($-9.57M or -81.5%), and Mexico ($-5.71M or -96.8%), and product imports decrease in Refined Petroleum ($-79.3M or -39.1%), Mixed Mineral or Chemical Fertilizers ($-6.22M or -38.6%), and Nitrogenous Fertilizers ($-418k or -3.65%).