Minas Gerais Reaches US$ 41.4 Billion in Exports by November 2025, Up 6.4% From 2024, Registers a Surplus of US$ 24.4 Billion, and Expands Sales of Coffee, Gold, and Ferroalloys to 105 Destinations

Written by Fabio Lucas Carvalho

Published on 05/12/2025 at 17:44

Minas Gerais registra US$ 41,4 bilhões em exportações até novembro de 2025, cresce 6,4% sobre 2024 e amplia vendas para 105 destinos

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Minas Gerais Reached US$ 41.4 Billion in Exports by November 2025, Growing 6.4% Compared to 2024, While Importing US$ 17 Billion During the Period, Consolidating a Surplus of US$ 24.4 Billion and Expanding International Markets.

Minas Gerais recorded US$ 41.4 billion in exports by November 2025, registering an increase of 6.4% compared to the same period in 2024 and maintaining a share of 13% in Brazil’s international sales, according to data from Mdic.

The surplus of Minas’ trade balance reached US$ 24.4 billion during the period, reinforcing the state’s position as the third-largest national exporter and demonstrating continuity in the expansion pace observed in the previous year.

Imports totaled US$ 17 billion between January and November, equivalent to an increase of 9.1% compared to 2024, making Minas the fifth-largest importer in the country, with a share of 6.5% of external acquisitions.

ARTICLE CONTINUES BELOW

Growth of Coffee, Gold, and Ferroalloys

Coffee led the increases in the total of 2025, with an increase of US$ 3 billion, equivalent to 41.6% compared to the same period, followed by gold, which increased by US$ 1.2 billion, corresponding to 70.4% growth.

Ferroalloys registered the third-largest contribution, with growth of US$ 241.2 million, representing an increase of 11.9% in Minas’ exports related to the metals sector throughout the year.

The expansion of markets also boosted results, as the state added ten new commercial destinations and raised its sales to 105 countries, a move that reinforced the geographical diversification of the product range.

Canada showed the highest expansion, with an increase of US$ 619.8 million or 62.7%, followed by Argentina, which grew by US$ 457.8 million and 32.8%, and the United Kingdom, with an increase of US$ 447.9 million and 69.5%.

Record Monthly Surplus and Leading Municipalities

In November, Minas reached US$ 3.9 billion in exports, a growth of 12.4% compared to 2024, securing second place nationally and registering the highest surplus in the country for the third consecutive month, totaling US$ 2.3 billion.

Coffee accounted for 30.4% of the month’s sales, followed by iron ore at 26.8%, and gold, which represented 8.2%, in addition to the state leading in hydrogen, pharmaceuticals, silicon carbide, and cheese and cream cheese.

Varginha stood out as the main exporting municipality in November, with a share of 9%, followed by Araxá, Guaxupé, Nova Lima, and Paracatu, which maintained relevance in the regional composition of external sales.

Imports Driven by Turbojets and Automobiles

Minas was the fourth-largest importer in the country in November, reaching US$ 1.6 billion, a value 8.9% higher than in 2024, driven by turbojets, automobiles, immunological products, fertilizers, and parts for special vehicles.

Extrema led the international purchases for the month with 15.5%, followed by Betim, Uberaba, Belo Horizonte, and Varginha, which made up the group of municipalities with the highest participation in state imports.

The consolidated data reinforce the upward trajectory of Minas’ foreign trade in 2025, with results distributed between increased volumes, market diversification, and consistent performance from traditional sectors.

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Minas Gerais Reaches US$ 41.4 Billion in Exports by November 2025, Up 6.4% From 2024, Registers a Surplus of US$ 24.4 Billion, and Expands Sales of Coffee, Gold, and Ferroalloys to 105 Destinations

Minas Gerais Reached US$ 41.4 Billion in Exports by November 2025, Growing 6.4% Compared to 2024, While Importing US$ 17 Billion During the Period, Consolidating a Surplus of US$ 24.4 Billion and Expanding International Markets.

Growth of Coffee, Gold, and Ferroalloys

Record Monthly Surplus and Leading Municipalities

Imports Driven by Turbojets and Automobiles

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Minas Gerais Reaches US$ 41.4 Billion in Exports by November 2025, Up 6.4% From 2024, Registers a Surplus of US$ 24.4 Billion, and Expands Sales of Coffee, Gold, and Ferroalloys to 105 Destinations

Minas Gerais Reached US$ 41.4 Billion in Exports by November 2025, Growing 6.4% Compared to 2024, While Importing US$ 17 Billion During the Period, Consolidating a Surplus of US$ 24.4 Billion and Expanding International Markets.

Growth of Coffee, Gold, and Ferroalloys

Record Monthly Surplus and Leading Municipalities

Imports Driven by Turbojets and Automobiles

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