Minas Gerais

State in Brazil

2019
Economic
Complexity
: -0.53, Rank 9 of 25

Feb 2021
Trade
Exports | Imports
: $2.21B | $790M, 2 of 28 | 6 of 29

Feb 2021
Country
Destination | Origin
: China | China , $758M  | $177M

Feb 2021
Product
Exports | Imports
: Iron Ore | Zinc Ore , $1.05B  | $47.1M

Overview: This page contains the latest international trade data for Minas Gerais, including export and import data.

Exports: In 2020, Brazil's Minas Gerais exported $26.2B, making it the 2nd largest exporter out of the 27 exporters in Brazil. In 2020 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($9.77B), Coffee, not roasted, not decaffeinated ($3.81B), Soya beans: other than seed, whether... ($1.59B), Ferro-niobium ($1.15B), and Gold in unwrought forms non-monetary ($1.08B).

Imports: In 2020, Brazil's Minas Gerais imported $7.81B, making it the 6th largest importer out of the 27 importers in Brazil. In 2020 top imports of Minas Gerais were Bituminous coal, not agglomerated ($381M), Potassium chloride, in packs >10 kg ($230M), Urea, including aqueous solution in packs... ($175M), Small Sized Cars ($165M), and Vaccines, human use ($131M).

Economic Complexity: In 2019, the highest complexity exports of Minas Gerais according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Large Flat-Rolled Stainless Steel (1.16), Other Stone Articles (1.08), Engine Parts (0.98), and Cyclic Alcohols (0.92). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Minas Gerais's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Brazil's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): China, $10.4B

Top Product (2020): Iron ore, concentrate, not iron pyrites,unagglomerate, $9.77B

In 2020 the top export destinations of Minas Gerais were China ($10.4B), United States ($1.84B), Canada ($1.21B), Germany ($1.09B), and Netherlands ($902M).

In 2020 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($9.77B), Coffee, not roasted, not decaffeinated ($3.81B), Soya beans: other than seed, whether... ($1.59B), Ferro-niobium ($1.15B), and Gold in unwrought forms non-monetary ($1.08B).

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Exports Dynamics

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Fastest Growing Exports Destination (Feb 2020 - Feb 2021)

Rapidly Declining Export Origins (Feb 2020 - Feb 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): China, $1.71B

Top Import (2020): Bituminous coal, not agglomerated, $381M

In 2020 the top import origins of Minas Gerais were China ($1.71B), United States ($1.15B), Argentina ($535M), Germany ($406M), and Italy ($380M).

In 2020 the top imports of Minas Gerais were Bituminous coal, not agglomerated ($381M), Potassium chloride, in packs >10 kg ($230M), Urea, including aqueous solution in packs... ($175M), Small Sized Cars ($165M), and Vaccines, human use ($131M).

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Imports Dynamics

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Fastest Growing Import Origins (Feb 2020 - Feb 2021)

Rapidly Declining Import Origins (Feb 2020 - Feb 2021)

Economic Complexity

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Economic Complexity of Brazil

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Minas Gerais ranks 9th out of the 27 N/A in Brazil according to ECI.

Estimated using exports data.

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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.

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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 (0.1), Copper Ore (0.09), Other Nuts (0.087), and Chlorates and Perchlorates (0.087).

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 (1.47), Large Flat-Rolled Stainless Steel (1.16), Other Stone Articles (1.08), Engine Parts (0.98), and Cyclic Alcohols (0.92). 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 (102), Coffee (81.7), Other Metals (57.2), Iron Ore (55.2), and Slate (52).

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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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.