Overview In September 2021 Minas Gerais exported $3.02B and imported $1.22B, resulting in a positive trade balance of $1.8B. Between September 2020 and September 2021 the exports of Minas Gerais have increased by $485M (19.2%) from $2.53B to $3.02B, while imports increased by $571M (87.6%) from $652M to $1.22B.
Trade In September 2021, the top exports of Minas Gerais were Iron Ore ($1.38B), Coffee ($359M), Ferroalloys ($233M), Gold ($140M), and Frozen Bovine Meat ($114M). In September 2021 the top imports of Minas Gerais were Mixed Mineral or Chemical Fertilizers ($98.1M), Potassic Fertilizers ($93.8M), Nitrogenous Fertilizers ($72M), Coal Briquettes ($43.1M), and Cars ($32.8M).
Destinations In September 2021, Minas Gerais exported mostly to China ($1.33B), United States ($199M), Netherlands ($136M), Bahrain ($118M), and Argentina ($111M), and imported mostly from China ($265M), United States ($145M), Russia ($76.9M), Argentina ($73.8M), and Germany ($67.6M).
Growth In September 2021, the increase in Minas Gerais's year-by-year exports was explained primarily by an increase in exports to China ($85.6M or 6.85%), Bahrain ($84.8M or 254%), and Netherlands ($73.1M or 117%), and product exports increase in Iron Ore ($197M or 16.6%), Ferroalloys ($161M or 222%), and Frozen Bovine Meat ($59.1M or 108%). In September 2021, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from China ($110M or 71%), United States ($65.5M or 82.5%), and Morocco ($46.2M or 499%), and product imports increase in Potassic Fertilizers ($86.6M or 1.21k%), Mixed Mineral or Chemical Fertilizers ($67.8M or 224%), and Nitrogenous Fertilizers ($38.3M or 114%).