Minas Gerais

Overview In October 2024 Minas Gerais exported $3.55B and imported $1.7B, resulting in a positive trade balance of $1.85B. Between October 2023 and October 2024 the exports of Minas Gerais have increased by $126M (3.69%) from $3.42B to $3.55B, while imports increased by $232M (15.8%) from $1.47B to $1.7B.

Trade In October 2024, the top exports of Minas Gerais were Coffee ($937M), Iron Ore ($764M), Ferroalloys ($234M), Raw Sugar ($226M), and Gold ($203M). In October 2024 the top imports of Minas Gerais were Cars ($108M), Vaccines, blood, antisera, toxins and cultures ($71.9M), Nitrogenous Fertilizers ($71.3M), Coal Briquettes ($67.4M), and Delivery Trucks ($51.7M).

Destinations In October 2024, Minas Gerais exported mostly to China ($939M), United States ($496M), Germany ($260M), Argentina ($154M), and Netherlands ($123M), and imported mostly from China ($497M), Argentina ($161M), United States ($151M), Germany ($103M), and India ($68.8M).

Growth In October 2024, the increase in Minas Gerais's year-by-year exports was explained primarily by an increase in exports to United States ($149M or 43%), Germany ($123M or 89.7%), and United Kingdom ($68.6M or 198%), and product exports increase in Coffee ($343M or 57.9%), Ferroalloys ($110M or 88.7%), and Planes, Helicopters, and/or Spacecraft ($59M or 1.69M%). In October 2024, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from China ($134M or 37%), Germany ($53.4M or 108%), and Colombia ($21.7M or 103%), and product imports increase in Vaccines, blood, antisera, toxins and cultures ($58.5M or 434%), Refined Copper ($24.5M or 391%), and Packaged Medicaments ($20.9M or 247%).