Brazil / Nicaragua

Overview In October 2024, Brazil exported $7.58M and imported $487k from Nicaragua, resulting in a positive trade balance of $7.1M. Between October 2023 and October 2024 the exports of Brazil have decreased by $-3.95M (-34.3%) from $11.5M to $7.58M, while imports decreased by $-486k (-50%) from $973k to $487k.

Trade In October 2024, the top exports of Brazil to Nicaragua were Corn ($12.9M), Large Construction Vehicles ($1.61M), Batteries ($280k), Confectionery Sugar ($229k), and Cars ($215k). In October 2024 the top imports of Brazil from Nicaragua were Scrap Aluminium ($215k), Insulated Wire ($8.51k), Rolled Tobacco ($4.16k), Knit T-shirts ($3.22k), and Metal Mountings ($2.04k).

Origins In October 2024 the exports of Brazil were mainly from São Paulo ($3.91M), Rio Grande do Sul ($1.11M), Paraná ($871k), Santa Catarina ($738k), and Pernambuco ($326k), while imports destinations were mainly São Paulo ($431k), Santa Catarina ($43.6k), Minas Gerais ($8.48k), and Rio Grande do Sul ($3.63k).

Growth In October 2024, the decrease in Brazil's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Cars ($-600k or -73.6%), Tractors ($-418k or -69.4%), and Coffee and Tea Extracts ($-295k or -65.9%). In October 2024, the decrease in Brazil's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Scrap Aluminium ($-61.6k or -22.3%), Rolled Tobacco ($-5.94k or -58.8%), and Knit T-shirts ($-1.3k or -28.8%).