Minas Gerais

Overview In January 2025 Minas Gerais exported $3.06B and imported $1.54B, resulting in a positive trade balance of $1.52B. Between January 2024 and January 2025 the exports of Minas Gerais have decreased by $-176M (-5.43%) from $3.24B to $3.06B, while imports increased by $296M (23.8%) from $1.24B to $1.54B.

Trade In January 2025, the top exports of Minas Gerais were Coffee ($962M), Iron Ore ($841M), Gold ($178M), Ferroalloys ($115M), and Raw Sugar ($80.8M). In January 2025 the top imports of Minas Gerais were Delivery Trucks ($77M), Nitrogen Heterocyclic Compounds ($59.8M), Gas Turbines ($55M), Motor vehicles; parts and accessories (8701... ($51.8M), and Packaged Medicaments ($49.3M).

Destinations In January 2025, Minas Gerais exported mostly to China ($811M), United States ($337M), Germany ($143M), Argentina ($142M), and Netherlands ($117M), and imported mostly from China ($422M), United States ($218M), Italy ($98.4M), Argentina ($80.2M), and India ($74M).

Growth In January 2025, the decrease in Minas Gerais's year-by-year exports was explained primarily by an decrease in exports to China ($-458M or -36.1%), Mexico ($-38.2M or -65.5%), and Malaysia ($-21.7M or -37.2%), and product exports decrease in Iron Ore ($-362M or -30.1%), Raw Sugar ($-135M or -62.6%), and Semi-Finished Iron ($-43.6M or -61.8%). In January 2025, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from United States ($71.8M or 49.1%), Italy ($51.4M or 110%), and India ($36.2M or 95.9%), and product imports increase in Gas Turbines ($51.3M or 1.37k%), Delivery Trucks ($44.3M or 135%), and Nitrogen Heterocyclic Compounds ($40.6M or 212%).