Overview In December 2022 Minas Gerais exported $2.78B and imported $1.32B, resulting in a positive trade balance of $1.46B. Between December 2021 and December 2022 the exports of Minas Gerais have decreased by $-138M (-4.75%) from $2.92B to $2.78B, while imports increased by $20.3M (1.56%) from $1.3B to $1.32B.
Trade In December 2022, the top exports of Minas Gerais were Iron Ore ($773M), Coffee ($569M), Gold ($202M), Ferroalloys ($167M), and Frozen Bovine Meat ($101M). In December 2022 the top imports of Minas Gerais were Coal Briquettes ($73M), Coke ($59.5M), Delivery Trucks ($49.9M), Nitrogenous Fertilizers ($47.8M), and Mixed Mineral or Chemical Fertilizers ($39.9M).
Destinations In December 2022, Minas Gerais exported mostly to China ($882M), United States ($294M), Argentina ($138M), Canada ($131M), and Netherlands ($107M), and imported mostly from China ($358M), United States ($164M), Italy ($62.4M), Argentina ($60.5M), and Mexico ($55.2M).
Growth In December 2022, the decrease in Minas Gerais's year-by-year exports was explained primarily by an decrease in exports to China ($-232M or -25.6%), United Kingdom ($-38M or -32.7%), and Malaysia ($-33M or -76.4%), and product exports decrease in Iron Ore ($-407M or -37%), Gold ($-28M or -17.6%), and Pig Iron ($-24M or -26%). In December 2022, the increase in Minas Gerais's year-by-year imports was explained primarily by an increase in imports from China ($206M or 112%), United States ($64.8M or 73.8%), and Australia ($47.4M or 5.57k%), and product imports increase in Coal Briquettes ($101M or 287%), Semiconductor Devices ($51.8M or 872%), and Excavation Machinery ($37.5M or 383%).