Minas Gerais

Overview In December 2024 Minas Gerais exported $3.06B and imported $1.43B, resulting in a positive trade balance of $1.63B. Between December 2023 and December 2024 the exports of Minas Gerais have decreased by $-495M (-13.9%) from $3.56B to $3.06B, while imports increased by $267M (22.9%) from $1.17B to $1.43B.

Trade In December 2024, the top exports of Minas Gerais were Iron Ore ($860M), Coffee ($710M), Ferroalloys ($230M), Gold ($147M), and Pig Iron ($112M). In December 2024 the top imports of Minas Gerais were Cars ($97.4M), Delivery Trucks ($69.2M), Vaccines, blood, antisera, toxins and cultures ($66.9M), Gas Turbines ($55.4M), and Nitrogenous Fertilizers ($54.4M).

Destinations In December 2024, Minas Gerais exported mostly to China ($900M), United States ($495M), Argentina ($144M), Japan ($109M), and Canada ($84.7M), and imported mostly from China ($285M), United States ($219M), Argentina ($142M), Italy ($79.4M), and Germany ($69.7M).

Growth In December 2024, the decrease in Minas Gerais's year-by-year exports was explained primarily by an decrease in exports to China ($-678M or -43%), Turkey ($-32.9M or -63.1%), and Germany ($-31M or -27.1%), and product exports decrease in Iron Ore ($-481M or -35.9%), Raw Sugar ($-85.9M or -47.2%), and Soybeans ($-71.8M or -96.3%). In December 2024, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from United States ($44.2M or 25.3%), Argentina ($31.4M or 28.3%), and France ($30.5M or 235%), and product imports increase in Delivery Trucks ($47.4M or 218%), Vaccines, blood, antisera, toxins and cultures ($32.9M or 96.4%), and Gas Turbines ($28.6M or 106%).