Mato Grosso

Overview In October 2024 Mato Grosso exported $1.94B and imported $328M, resulting in a positive trade balance of $1.62B. Between October 2023 and October 2024 the exports of Mato Grosso have decreased by $-148M (-7.06%) from $2.09B to $1.94B, while imports increased by $37.9M (13.1%) from $290M to $328M.

Trade In October 2024, the top exports of Mato Grosso were Corn ($803M), Raw Cotton ($304M), Frozen Bovine Meat ($251M), Soybean Meal ($247M), and Soybeans ($101M). In October 2024 the top imports of Mato Grosso were Nitrogenous Fertilizers ($150M), Potassic Fertilizers ($60.3M), Pesticides ($54.5M), Mixed Mineral or Chemical Fertilizers ($19.4M), and Planes, Helicopters, and/or Spacecraft ($14.4M).

Destinations In October 2024, Mato Grosso exported mostly to China ($308M), Vietnam ($217M), Iran ($138M), Indonesia ($94.1M), and Egypt ($85.5M), and imported mostly from China ($89.3M), Russia ($69.6M), Canada ($39.4M), United States ($18.4M), and Nigeria ($16.7M).

Growth In October 2024, the decrease in Mato Grosso's year-by-year exports was explained primarily by an decrease in exports to China ($-667M or -68.4%), Spain ($-26.1M or -33.5%), and Norway ($-22.2M or -99.2%), and product exports decrease in Soybeans ($-241M or -70.4%), Corn ($-126M or -13.6%), and Soybean Oil ($-5.97M or -36%). In October 2024, the increase in Mato Grosso's year-by-year imports was explained primarily by an increase in imports from Russia ($60.2M or 639%), Canada ($24.7M or 169%), and Algeria ($7.12M or 310%), and product imports increase in Nitrogenous Fertilizers ($35.3M or 30.7%), Potassic Fertilizers ($24.2M or 67.2%), and Mixed Mineral or Chemical Fertilizers ($8M or 70.1%).