Overview In April 2023 Minas Gerais exported $2.95B and imported $1.25B, resulting in a positive trade balance of $1.7B. Between April 2022 and April 2023 the exports of Minas Gerais have decreased by $-396M (-11.8%) from $3.35B to $2.95B, while imports decreased by $-56M (-4.3%) from $1.3B to $1.25B.
Trade In April 2023, the top exports of Minas Gerais were Iron Ore ($959M), Soybeans ($410M), Coffee ($402M), Ferroalloys ($171M), and Gold ($101M). In April 2023 the top imports of Minas Gerais were Cars ($78M), Semiconductor Devices ($61.3M), Coal Briquettes ($45.3M), Motor vehicles; parts and accessories (8701... ($39.1M), and Delivery Trucks ($38.5M).
Destinations In April 2023, Minas Gerais exported mostly to China ($1.17B), United States ($211M), Argentina ($173M), Netherlands ($141M), and Bahrain ($110M), and imported mostly from China ($349M), United States ($194M), Argentina ($111M), Italy ($75.2M), and India ($48.8M).
Growth In April 2023, the decrease in Minas Gerais's year-by-year exports was explained primarily by an decrease in exports to China ($-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 ($-24M or -26%). In April 2023, the decrease in Minas Gerais's year-by-year imports was explained primarily by an decrease in imports from South Korea ($-16.4M or -46.4%), Italy ($-12.6M or -23%), and France ($-11.7M or -54.9%), and product imports decrease in Semi-Finished Iron ($-18.4M or -99.9%), Rice ($-12.7M or -82.2%), and Raw Aluminium ($-11.9M or -81.9%).