Overview In July 2022 Minas Gerais exported $3.44B and imported $1.83B, resulting in a positive trade balance of $1.61B. Between July 2021 and July 2022 the exports of Minas Gerais have decreased by $-533M (-13.4%) from $3.98B to $3.44B, while imports increased by $823M (81.5%) from $1.01B to $1.83B.
Trade In July 2022, the top exports of Minas Gerais were Iron Ore ($1.06B), Coffee ($465M), Soybeans ($348M), Pig Iron ($174M), and Ferroalloys ($173M). In July 2022 the top imports of Minas Gerais were Potassic Fertilizers ($144M), Coke ($142M), Coal Briquettes ($124M), Mixed Mineral or Chemical Fertilizers ($119M), and Sulphur ($79.9M).
Destinations In July 2022, Minas Gerais exported mostly to China ($1.34B), United States ($374M), Argentina ($149M), Germany ($125M), and Netherlands ($112M), and imported mostly from China ($545M), United States ($220M), Russia ($116M), Canada ($92.8M), and Argentina ($84.7M).
Growth In July 2022, the decrease in Minas Gerais's year-by-year exports was explained primarily by an decrease in exports to United Arab Emirates ($-29.8M or -85.5%), Malaysia ($-20.4M or -32.1%), and United States ($-18.9M or -10.4%), and product exports decrease in Iron Pipes ($-22.1M or -49.5%), Semi-Finished Iron ($-20.6M or -93.6%), and Soybeans ($-20.3M or -99.4%). In July 2022, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from Russia ($37M or 268%), Italy ($33M or 154%), and China ($25.8M or 16.2%), and product imports increase in Semi-Finished Iron ($18.3M or 17.6k%), Integrated Circuits ($15.7M or 176%), and Rice ($11.7M or 317%).