Trade in expansion Minas Gerais is consolidating its position as one of the leading players in foreign trade in Brazil. With structured policies that prioritize market expansion, the state continues to expand its international reach, promoting its products and strengthening regional production sectors.
The positive balance of trade in Minas Gerais
the diversity of its exports and the phone number database commitment to establishing closer ties with strategic markets reaffirm Minas Gerais as a dynamic and influential hub in the global economic scenario. The state is currently the third largest exporter in Brazil.
Between January and October 2024, Minas Gerais exports reached US$ 35.2 billion, representing a growth of 5.5% compared to the same period of the previous year. In total, the trade flow – considering imports and exports – totaled US$ 49.2 billion in the first ten months of the year, with a positive balance of US$ 21 billion.
Minas Gerais’ export agenda
stands out for its diversity trade in a systematic approach is important expansion and quality, including everything from traditional products such as iron ore and coffee to high-tech items such as electrical transformers and aircraft.
Among the most relevant products are iron ore, which represents 31% of exports, and coffee, with a 17.7% share, followed by soybeans (8.3%) and ferroalloys (5.2%).
During the period
the main destinations for Minas Gerais exports were China, which absorbed 38.5% of exported products, followed by the United States (10.3%), Germany (3.7%), Argentina (3.5%) and the Netherlands (3.3%).
Minas Gerais’ export power is not limited to primary products. Over the past four years, foreign trade policies have encouraged the growth of high value-added exports. With a total of US$3.7 billion in exports of medium-high and high technology products. Resulting in a 72.9% increase phone number list in the sale of these items. Minas Gerais’ technological portfolio includes products such as aircraft, electrical and electronic machinery, which are emerging as a new frontier for the internationalization of the state’s industry.
The strategy to boost these
sectors consists of trade missions, training for companies and the preparation of market intelligence studies, which seek to qualify Minas Gerais businesspeople for the challenges of foreign trade.
Initiatives drive results in Minas Gerais
A strategic piece in state policy
the Directorate for the trade in expansion Promotion of Exports and Foreign Trade (Dipex). Of the State Secretariat for Economic Development (Sede-MG), supports the international expansion of Minas Gerais companies. Connecting the state’s products with global markets in a structured and efficient manner. Dipex continually maps commercial opportunities and organizes projects that facilitate the insertion of Minas Gerais in foreign trade.
The main services offered include commercial intelligence. Which identifies potential markets. And qualified monitoring of exports, promoting a favorable business environment for local companies. Through partnerships with embassies and international offices. Dipex expands its network of strategic contacts. Facilitating trade missions. Training and actions that bring Minas Gerais businesspeople closer to international buyers.
State expands borders with platform and trade missions
At the heart of Minas Gerais’ export promotion policies is the Minas Business Connection platform. A pioneer among Brazilian state initiatives to facilitate international business. Aimed at the business sector. The platform acts as a bridge between Minas Gerais companies and global partners. Offering tools that help identify business opportunities and specific product demands by country.