Nigeria (NGA) and Brazil (BRA) Trade | The Observatory of Economic Complexity

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Nigeria-Brazil Trade: In 2023, Nigeria exported $697M to Brazil. The main products that Nigeria exported to Brazil were Nitrogenous Fertilizers ($413M), Crude Petroleum ($266M), and Float Glass ($7.24M). Over the past 5 years the exports of Nigeria to Brazil have decreased at an annualized rate of 13.5%, from $1.44B in 2018 to $697M in 2023.

In 2023, Nigeria did not export any services to Brazil.

Brazil-Nigeria Trade: In 2023, Brazil exported $1.04B to Nigeria. The main products that Brazil exported to Nigeria were Raw Sugar ($744M), Wheat ($65.5M), and Alcohol > 80% ABV ($52.6M). Over the past 5 years the exports of Brazil to Nigeria have increased at an annualized rate of 7.66%, from $721M in 2018 to $1.04B in 2023.

In 2023, Brazil did not export any services to Nigeria.

Comparison: In 2023, Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75), and 52 in total exports ($61B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Nigeria exported $697M to Brazil. The main products exported from Nigeria to Brazil were Nitrogenous Fertilizers ($413M), Crude Petroleum ($266M), and Float Glass ($7.24M). During the last 5 years the exports of Nigeria to Brazil have decreased at an annualized rate of 13.5%, from $1.44B in 2018 to $697M in 2023.

In 2018, Brazil exported $1.04B to Nigeria. The main products exported from Brazil to Nigeria were Raw Sugar ($744M), Wheat ($65.5M), and Alcohol > 80% ABV ($52.6M). During the last 5 years the exports of Brazil to Nigeria have increased at an annualized rate of 7.66%, from $721M in 2023 to $1.04B in 2018.

Exports from Nigeria () to Brazil () (2023)

Exports from Brazil () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Brazil ()

Nigeria Exports

Date

Brazil Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nigeria
Top DestinationUnited States$6.29B

Brazil
Top DestinationChina$106B

This map shows whether countries import more from Nigeria or Brazil. Each country is colored based on the difference in imports they receive from Nigeria and Brazil or the difference in the growth in imports.

In 2023, countries that imported more from Nigeria than Brazil included Cote d'Ivoire ($2.4B), France ($4.76B), and South Africa ($2.37B).

In 2023, countries that imported more from Brazil than Nigeria included China ($106B), United States ($37B), and Argentina ($17.2B).

Difference in imports from Brazil () and Nigeria () (2023)

Comparative Advantage Nigeria - Brazil

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Nigeria and Brazil by product, considering products traded by both, Nigeria and Brazil.

During 2023, Nigeria had a large net trade with Brazil in the exports of Chemical Products ($413M), Mineral Products ($267M), and Stone And Glass ($9.73M).

During 2018, Brazil had a large net trade with Nigeria in the exports of Foodstuffs ($826M), Vegetable Products ($66.4M), and Chemical Products ($35.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nigeria Brazil+$497MCrude Petroleum

Top Product Potential Brazil Nigeria+$8.54MHot-Rolled Iron

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Nigeria and Brazil. This means that a dot/product with the flag of Nigeria indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Nigeria.

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Historical Data

Bilateral Trade by Products

Exports from Nigeria () to Brazil () (2023)

Exports from Brazil () to Nigeria () (2023)

Latest Data

Trade between Nigeria () and Brazil ()

Nigeria Exports

Brazil Exports

Market Competitiveness

Difference in imports from Brazil () and Nigeria () (2023)

Comparative Advantage Nigeria - Brazil

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nigeria () and Brazil () (2023)

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