Business in Minas Gerais, Brazil

The Subject “Foreign Trade and Business in Minas Gerais (Brazil)” belongs to the following Online Programs taught by EENI Global Business School:

Doctorate: American Business, World Trade.

Masters: International Business, Foreign Trade.

Languages: or Brasil Bresil Brasil.

Foreign Trade and business in Minas Gerais.

Minas Gerais is the second most industrialized state in Brazil.

1. Minas Gerais is the second largest car maker in Brazil (24.4% of the Brazilian production);
2. Minas Gerais produces 44% of mineral production in Brazil and 35% of the Brazilian steel;
3. Minas Gerais is the fourth largest footwear manufacturer in Brazil;
4. It is the leader in the Brazilian ranking of coffee production;
5. Has the longest road network in Brazil;
6. Borders of Minas Gerais: Bahia, Espirito Santo, Rio de Janeiro, São Paulo, Mato Grosso do Sul and Goiás.

Belo Horizonte is the capital of Minas Gerais.

1. Belo Horizonte is the third largest metropolitan area in Brazil;
2. Services sector stands for 85% of the Gross domestic product of Belo Horizonte.

International Trade of Minas Gerais:

1. Top export products of Minas Gerais are non-agglomerate iron ore and its concentrates, non-toasted coffee, non-linked raw iron cast, gold bars, threads, solid sec. Profiles, chemical wood paste (cellulose), cars, ignition engine, Iron/steel, and semi-manufactured products;
2. Main export destination markets are China, Germany, the U.S., Argentina, Japan, the Netherlands, Italy, South Korea, Belgium, and the UK.

The largest industry sectors in Minas Gerais:

1. Metallurgy: 37% of steel production in Brazil;
2. Iron: The largest manufacturer and exporter (42.4%);
3. Foundry: 27.5% of the Brazilian production (40% of this is exported);
4. Cement: The largest Brazilian manufacturer (28% of Brazil);
5. Machinery and equipment: 15% of the gross domestic production;
6. Agro-Industry: The first coffee manufacturer in Brazil, the second of bean and the second of sugar;
7. Mineral extraction: 44% of the Brazilian production;
8. Vehicles: an automotive hub in Brazil (24% of the Brazilian production);
9. Food products: 14,700 companies and 151 500 employees;
10. 14.1% of the electric power generation capacity in Brazil is generated in Minas Gerais;
11. Minas Gerais has the largest energy company in South America: Cemig (Companhia Energética Minas Gerais).

Vale is the second largest mining company in the World and the largest private company in Latin America. Headquartered in Brazil and operating in thirty-eight countries, Vale employs 126,000 people. Exports to Asia represented 52.8% of total revenues, slightly below 53.3%. The share of exports to customer in the Americas was 25.2%, up from 23.6% last year, owing to augmented sales to the U.S. and Brazil.

Compahia Energética Minas Gerais - Cemig is a holding company integrated of 107 companies and fifteen consortia, with assets and enterprises in twenty-two states and the Federal District of Brazil and Chile. Cemig is the responsible for supplying 33 million people in 805 municipalities in the States of Minas Gerais and Rio de Janeiro.

(c) EENI Global Business School (1995-2023)
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