Overview: In February 2021 Mato Grosso exported $1.32B and imported $186M, resulting in a positive trade balance of $1.13B. Between February 2020 and February 2021 the exports of Mato Grosso have decreased by $-151M (-10.3%) from $1.47B to $1.32B, while imports increased by $75.1M (67.9%) from $111M to $186M.
Trade: In February 2021, the top exports of Mato Grosso were Soybeans ($625M), Raw Cotton ($278M), Soybean Meal ($136M), Frozen Bovine Meat ($89.4M), and Corn ($75.1M). In February 2021 the top imports of Mato Grosso were Nitrogenous Fertilizers ($63.6M), Potassic Fertilizers ($61.3M), Mixed Mineral or Chemical Fertilizers ($31.4M), Petroleum Gas ($8.18M), and Centrifuges ($3.95M).
Destinations: In February 2021, Mato Grosso exported mostly to China ($593M), Indonesia ($101M), Bangladesh ($76.5M), Turkey ($71.4M), and Pakistan ($45M), and imported mostly from Russia ($47.9M), China ($25.8M), Canada ($19.8M), Belarus ($18.3M), and Qatar ($16.5M).
Growth: In February 2021, the decrease in Mato Grosso's year-by-year exports was explained primarily by an decrease in exports to China ($-94M or -13.7%), Netherlands ($-75M or -94.2%), and Spain ($-52.5M or -63.5%), and product exports decrease in Soybeans ($-356M or -36.3%), Frozen Bovine Meat ($-7.14M or -7.4%), and Bovine Meat ($-6.03M or -33%). In February 2021, the increase in Mato Grosso's year-by-year imports was explained primarily by an increase in imports from Russia ($33.5M or 232%), Belarus ($15.2M or 486%), and Canada ($14.8M or 297%), and product imports increase in Potassic Fertilizers ($46.6M or 317%), Mixed Mineral or Chemical Fertilizers ($11.6M or 58.7%), and Petroleum Gas ($6.92M or 548%).