Brazil’s Commodity Heartland Ships $45.7B but Stays Stuck

2026-03-27 - 11:40

Key Points — Minas Gerais exported a record $45.7 billion in 2025 — 13% of Brazil’s total — making it the country’s third-largest exporting state with a $27.3 billion trade surplus, second only to Rio de Janeiro — Iron ore (26.7%), coffee (24.7%), gold (7%), soybeans (6%), and ferroalloys (5.5%) still dominate the export mix,