Overview In September 2022 Minas Gerais exported $3.41B and imported $1.57B, resulting in a positive trade balance of $1.83B. Between September 2021 and September 2022 the exports of Minas Gerais have increased by $250M (7.93%) from $3.16B to $3.41B, while imports increased by $349M (28.5%) from $1.22B to $1.57B.
Trade In September 2022, the top exports of Minas Gerais were Iron Ore ($983M), Coffee ($550M), Pig Iron ($209M), Soybeans ($199M), and Raw Sugar ($166M). In September 2022 the top imports of Minas Gerais were Potassic Fertilizers ($87.2M), Coke ($77.9M), Cars ($76.4M), Nitrogenous Fertilizers ($74.7M), and Excavation Machinery ($61.8M).
Destinations In September 2022, Minas Gerais exported mostly to China ($1.23B), United States ($400M), Argentina ($179M), Germany ($154M), and Netherlands ($112M), and imported mostly from China ($479M), United States ($191M), Argentina ($117M), Canada ($95.3M), and Mexico ($83.2M).
Growth In September 2022, the increase in Minas Gerais's year-by-year exports was explained primarily by an increase in exports to China ($433M or 91.2%), Bahrain ($52.6M or 103%), and Germany ($43.1M or 49.7%), and product exports increase in Iron Ore ($515M or 87.8%), Coffee ($69.2M or 23.5%), and Pig Iron ($41.6M or 82.3%). In September 2022, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from Russia ($37M or 268%), Italy ($33M or 154%), and China ($25.8M or 16.2%), and product imports increase in Semi-Finished Iron ($18.3M or 17.6k%), Integrated Circuits ($15.7M or 176%), and Rice ($11.7M or 317%).