Minas Gerais

Overview In September 2024 Minas Gerais exported $3.42B and imported $1.63B, resulting in a positive trade balance of $1.79B. Between September 2023 and September 2024 the exports of Minas Gerais have increased by $98.2M (2.96%) from $3.32B to $3.42B, while imports increased by $356M (28.1%) from $1.27B to $1.63B.

Trade In September 2024, the top exports of Minas Gerais were Iron Ore ($965M), Coffee ($724M), Raw Sugar ($208M), Ferroalloys ($158M), and Gold ($139M). In September 2024 the top imports of Minas Gerais were Cars ($123M), Delivery Trucks ($72.2M), Mixed Mineral or Chemical Fertilizers ($59.8M), Motor vehicles; parts and accessories (8701... ($46M), and Nitrogenous Fertilizers ($44.8M).

Destinations In September 2024, Minas Gerais exported mostly to China ($1B), United States ($438M), Germany ($162M), Argentina ($151M), and Netherlands ($105M), and imported mostly from China ($423M), United States ($196M), Argentina ($175M), Russia ($87.9M), and Italy ($78.5M).

Growth In September 2024, the increase in Minas Gerais's year-by-year exports was explained primarily by an increase in exports to United States ($144M or 48.9%), Germany ($88.3M or 120%), and Belgium ($62.9M or 318%), and product exports increase in Coffee ($297M or 69.4%), Pig Iron ($40.3M or 49.3%), and Planes, Helicopters, and/or Spacecraft ($28M or 298%). In September 2024, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from United States ($84M or 75%), China ($83.4M or 24.6%), and Argentina ($46.5M or 36.3%), and product imports increase in Delivery Trucks ($55.9M or 343%), Cars ($38.6M or 45.4%), and Coal Briquettes ($24.7M or 147%).