Brazil / Norway

Overview In February 2024, Brazil exported $63.2M and imported $83.2M from Norway, resulting in a negative trade balance of $20M. Between February 2023 and February 2024 the exports of Brazil have decreased by $-146M (-69.7%) from $209M to $63.2M, while imports increased by $22.5M (37.1%) from $60.7M to $83.2M.

Trade In February 2024, the top exports of Brazil to Norway were Aluminium Oxide ($62.5M), Refined Petroleum ($7.13M), Petroleum Coke ($5.69M), Coffee ($4.25M), and Carbides ($2.14M). In February 2024 the top imports of Brazil from Norway were Ferroalloys ($8.09M), Raw Nickel ($7.27M), Fish: dried, salted, smoked or in... ($7.22M), Gas and Liquid Flow Measuring Instruments ($4.02M), and Valves ($2.92M).

Origins In February 2024 the exports of Brazil were mainly from Pará ($39M), Mato Grosso ($8.64M), Minas Gerais ($5.68M), São Paulo ($4M), and Rio de Janeiro ($3.08M), while imports destinations were mainly Rio de Janeiro ($31.5M), São Paulo ($21.2M), Minas Gerais ($11M), Rio Grande do Sul ($6.38M), and Espírito Santo ($4.48M).

Growth In February 2024, the decrease in Brazil's year-by-year exports to Norway was explained primarily by an decrease in product exports in Other Electrical Machinery ($-658k or -73.1%), Yeast ($-475k or -86.8%), and Large Construction Vehicles ($-449k or -47.1%). In February 2024, the increase in Brazil's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Ferroalloys ($3.49M or 75.9%), Liquid Pumps ($2.23M or 2.13k%), and Gas and Liquid Flow Measuring Instruments ($2.13M or 113%).