Brazil / Nigeria

Overview In February 2024, Brazil exported $117M and imported $43.5M from Nigeria, resulting in a positive trade balance of $73.7M. Between February 2023 and February 2024 the exports of Brazil have increased by $50.7M (76.2%) from $66.5M to $117M, while imports decreased by $-6.29M (-12.6%) from $49.8M to $43.5M.

Trade In February 2024, the top exports of Brazil to Nigeria were Raw Sugar ($85.3M), Raw Tobacco ($2.39M), Salt ($1.86M), Oxygen Amino Compounds ($1.32M), and Sausages ($805k). In February 2024 the top imports of Brazil from Nigeria were Crude Petroleum ($81.8M), Nitrogenous Fertilizers ($57.6M), Scrap Aluminium ($1.33M), Perfume Plants ($35.8k), and Ethylene Polymers ($25.6k).

Origins In February 2024 the exports of Brazil were mainly from São Paulo ($61.9M), Minas Gerais ($16.3M), Paraná ($1.77M), Rio Grande do Sul ($651k), and Santa Catarina ($354k), while imports destinations were mainly Rio Grande do Sul ($11.7M), Mato Grosso ($7.42M), São Paulo ($7.24M), Paraná ($5.71M), and Espírito Santo ($4.11M).

Growth In February 2024, the increase in Brazil's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Raw Sugar ($37.1M or 77.1%), Salt ($960k or 106%), and Sausages ($424k or 111%). In February 2024, the decrease in Brazil's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Nitrogenous Fertilizers ($-23.5M or -29%) and Ethylene Polymers ($-20k or -43.9%).