Belo Horizonte

Overview In February 2024 Belo Horizonte exported $26.2M and imported $69.8M, resulting in a negative trade balance of $43.6M. Between February 2023 and February 2024 the exports of Belo Horizonte have decreased by $-14.9M (-36.2%) from $41.1M to $26.2M, while imports increased by $30.9M (79.4%) from $38.9M to $69.8M.

Trade In February 2024, the top exports of Belo Horizonte were Iron Pipes ($13M), Orthopedic Appliances ($3.91M), Pig Iron ($1.61M), Stone Processing Machines ($1.36M), and Other Electrical Machinery ($1.33M). In February 2024 the top imports of Belo Horizonte were Medical Instruments ($5.49M), Stone Working Machines ($4.44M), Gas Turbines ($3.29M), Laboratory Reagents ($3M), and Air Pumps ($2.63M).

Destinations In February 2024, Belo Horizonte exported mostly to United States ($10.8M), Belgium ($6.08M), Germany ($2.59M), Chile ($1.39M), and Kenya ($857k), and imported mostly from China ($19.5M), United States ($14M), Germany ($9.21M), Hong Kong ($3.54M), and Canada ($3.17M).

Growth In February 2024, the decrease in Belo Horizonte's year-by-year exports was explained primarily by an decrease in exports to Argentina ($-9.46M or -98.2%), China ($-1.57M or -57%), and Bahrain ($-848k or -98.6%), and product exports decrease in Pig Iron ($-7.41M or -78.8%), Orthopedic Appliances ($-890k or -38.9%), and Granite ($-385k or -48.1%). In February 2024, the increase in Belo Horizonte's year-by-year imports was explained primarily by an increase in imports from China ($8.99M or 57.9%), Japan ($882k or 401%), and Hong Kong ($698k or 38.7%), and product imports increase in Semiconductor Devices ($8.97M or 1.11k%), Electrical Transformers ($1.25M or 201%), and Gas Turbines ($1.07M or 493%).