Montes Claros

Overview In February 2024 Montes Claros exported $13.1M and imported $15.5M, resulting in a negative trade balance of $2.42M. Between February 2023 and February 2024 the exports of Montes Claros have increased by $745k (6.03%) from $12.4M to $13.1M, while imports increased by $6.38M (69.8%) from $9.14M to $15.5M.

Trade In February 2024, the top exports of Montes Claros were Packaged Medicaments ($9.91M), Enzymes ($1.18M), Coffee ($729k), Rubber Footwear ($521k), and Concentrated Milk ($346k). In February 2024 the top imports of Montes Claros were Hormones ($5.89M), Lifting Machinery ($1.71M), Acyclic Alcohols ($1.62M), Synthetic Rubber ($875k), and Concentrated Milk ($798k).

Destinations In February 2024, Montes Claros exported mostly to Denmark ($5.27M), Turkey ($1.58M), Singapore ($1.58M), Indonesia ($583k), and Mexico ($496k), and imported mostly from Denmark ($7.1M), Germany ($2.37M), China ($2.24M), Mexico ($1.03M), and Switzerland ($934k).

Growth In February 2024, the increase in Montes Claros's year-by-year exports was explained primarily by an increase in exports to India ($2.4M or 300%), Australia ($1.01M or 94.8%), and Indonesia ($753k or 402%), and product exports increase in Rubber Footwear ($777k or 57.7%), Packaged Medicaments ($715k or 4.21%), and Enzymes ($350k or 194k%). In February 2024, the increase in Montes Claros's year-by-year imports was explained primarily by an increase in imports from China ($8.61M or 400%), Mexico ($1.48M or 236%), and Switzerland ($387k or 537%), and product imports increase in Synthetic Rubber ($1.21M or 136%), Pharmaceutical Rubber Products ($372k or 63.8%), and Electrical Transformers ($324k or 41.7k%).