Minas Gerais

State in Brazil

Exports (2019): $25.1B, Rnk 3/27

Top Destination (2019): $7.75B, China

Top Export (2019): $8.01B, Iron ore, concentrate, not iron pyrites,unagglomerate

Imports (2019): $8.95B, Rnk 7/27

Top Origin (2019): $1.67B, China

Top Import (2019): $641M, Bituminous coal, not agglomerated

Economic Complexity (2019): -0.52, Rnk 9 / 27

Exports: In 2019, Brazil's Minas Gerais exported $25.1B, making it the 3rd largest exporter out of the 27 exporters in Brazil. In 2019 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($8.01B), Coffee, not roasted, not decaffeinated ($3.52B), Ferro-niobium ($1.97B), Soya beans: other than seed, whether... ($1.17B), and Gold, semi-manufactured forms, non-monetary ($735M).

Imports: In 2019, Brazil's Minas Gerais imported $8.95B, making it the 7th largest importer out of the 27 importers in Brazil. In 2019 top imports of Minas Gerais were Bituminous coal, not agglomerated ($641M), Potassium chloride, in packs >10 kg ($278M), Zinc ores and concentrates ($258M), Diesel powered trucks weighing < 5... ($209M), and Parts of turbo-jet or turbo-propeller engines ($206M).

Economic Complexity: In 2019, the highest complexity exports of Minas Gerais according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Large Flat-Rolled Stainless Steel (1.13), Engine Parts (1.07), Large Construction Vehicles (0.88), and Other Stone Articles (0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): China, $7.75B

Top Product (2019): Iron ore, concentrate, not iron pyrites,unagglomerate, $8.01B

In 2019 the top export destinations of Minas Gerais were China ($7.75B), United States ($2.15B), Netherlands ($1.19B), Japan ($1.1B), and Germany ($994M).

In 2019 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($8.01B), Coffee, not roasted, not decaffeinated ($3.52B), Ferro-niobium ($1.97B), Soya beans: other than seed, whether... ($1.17B), and Gold, semi-manufactured forms, non-monetary ($735M).

Export Dynamics

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Fastest Growing Exports Destination (May 2019 - May 2020)

Rapidly Declining Export Origins (May 2019 - May 2020)

Value
Depth

Top Origin (2019): China, $1.67B

Top Import (2019): Bituminous coal, not agglomerated, $641M

In 2019 the top import origins of Minas Gerais were China ($1.67B), United States ($1.35B), Argentina ($760M), Germany ($542M), and Russia ($431M).

In 2019 the top imports of Minas Gerais were Bituminous coal, not agglomerated ($641M), Potassium chloride, in packs >10 kg ($278M), Zinc ores and concentrates ($258M), Diesel powered trucks weighing < 5... ($209M), and Parts of turbo-jet or turbo-propeller engines ($206M).

Import Dynamics

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Fastest Growing Import Origins (May 2019 - May 2020)

Rapidly Declining Import Origins (May 2019 - May 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Minas Gerais throughout time.

Comparison Map

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Value

The states of Brazil with the highest exports in 2019 were São Paulo ($48.9B), Rio De Janeiro ($28.6B), Minas Gerais ($25.1B), Rio Grande Do Sul ($18.5B), and Pará ($17.8B)

The states of Brazil with the highest imports in 2019 were São Paulo ($59.3B), Rio De Janeiro ($21.2B), Santa Catarina ($16.9B), Paraná ($12.7B), and Amazonas ($10.2B)

This section shows forecasts for total exports and imports from Minas Gerais. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

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Economic Complexity of Brazil

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Minas Gerais ranks 9th out of the 27 states in Brazil according to ECI.

Estimated using exports data.

Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Minas Gerais it is in position 9th considering its ECI in the last year.

Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Minas Gerais already has a comparative advantage, are led by Manganese Ore (0.13), Ground Nuts (0.095), Copper Ore (0.09), Raw Aluminium (0.086), and Insect Resins (0.086).

Most Complex Products by PCI

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The highest complexity exports of Minas Gerais according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.45), Large Flat-Rolled Stainless Steel (1.13), Engine Parts (1.07), Large Construction Vehicles (0.88), and Other Stone Articles (0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Pig Iron (104), Coffee (77), Iron Ore (62), Other Metals (56.4), and Ferroalloys (51).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Minas Gerais is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  Minas Gerais. These are products that tend to be co-exported with the products that Minas Gerais exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Filter
Depth

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.