Minas Gerais

State in Brazil

Exports (2021): $2.21B, Rnk 2/27

Top Destination (2021): $857M, China

Top Export (2021): $1.04B, Iron ore, concentrate, not iron pyrites,unagglomerate

Imports (2021): $748M, Rnk 6/27

Top Origin (2021): $182M, China

Top Import (2021): $35.4M, Bituminous coal, not agglomerated

Economic Complexity (2019): -0.53, Rnk 9 / 27

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

Exports: In 2021, Brazil's Minas Gerais exported $2.21B, making it the 2nd largest exporter out of the 27 exporters in Brazil. In 2021 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($1.04B), Coffee, not roasted, not decaffeinated ($362M), Ferro-niobium ($88.5M), Gold, semi-manufactured forms, non-monetary ($84M), and Pig iron, non-alloy, <0.5% phosphorus ($76.9M).

Imports: In 2021, Brazil's Minas Gerais imported $748M, making it the 6th largest importer out of the 27 importers in Brazil. In 2021 top imports of Minas Gerais were Bituminous coal, not agglomerated ($35.4M), Electronic integrated circuits: memories ($17.7M), Semi-finished bars, iron or non-alloy steel... ($17.5M), Potassium chloride, in packs >10 kg ($15.8M), and Aluminium unwrought, not alloyed ($13.9M).

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.

Yearly Exports

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Value
Depth

Top Destination (2021): China, $857M

Top Product (2021): Iron ore, concentrate, not iron pyrites,unagglomerate, $1.04B

In 2021 the top export destinations of Minas Gerais were China ($857M), United States ($158M), Germany ($120M), Bahrain ($103M), and Japan ($103M).

In 2021 the top exports of Minas Gerais were Iron ore, concentrate, not iron pyrites,unagglomerate ($1.04B), Coffee, not roasted, not decaffeinated ($362M), Ferro-niobium ($88.5M), Gold, semi-manufactured forms, non-monetary ($84M), and Pig iron, non-alloy, <0.5% phosphorus ($76.9M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Top Origin (2021): China, $182M

Top Import (2021): Bituminous coal, not agglomerated, $35.4M

In 2021 the top import origins of Minas Gerais were China ($182M), United States ($85.1M), Russia ($50.8M), South Korea ($35.3M), and Italy ($34.9M).

In 2021 the top imports of Minas Gerais were Bituminous coal, not agglomerated ($35.4M), Electronic integrated circuits: memories ($17.7M), Semi-finished bars, iron or non-alloy steel... ($17.5M), Potassium chloride, in packs >10 kg ($15.8M), and Aluminium unwrought, not alloyed ($13.9M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Comparison in Time

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Value

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

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.