Brazil / Nigeria

Overview In September 2024, Brazil exported $95.7M and imported $50.6M from Nigeria, resulting in a positive trade balance of $45M. Between September 2023 and September 2024 the exports of Brazil have decreased by $-12.6M (-11.7%) from $108M to $95.7M, while imports increased by $34.9M (221%) from $15.8M to $50.6M.

Trade In September 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 September 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 September 2024 the exports of Brazil were mainly from São Paulo ($60.8M), Minas Gerais ($10M), Rio Grande do Sul ($2.79M), Paraná ($1.98M), and Goiás ($1.56M), while imports destinations were mainly Rio Grande do Sul ($16.3M), Santa Catarina ($11.2M), São Paulo ($8.17M), Mato Grosso ($5.32M), and Goiás ($4.26M).

Growth In September 2024, the decrease in Brazil's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Oxygen Amino Compounds ($-1.11M or -45.8%), Raw Tobacco ($-987k or -29.3%), and Large Construction Vehicles ($-442k or -49.9%). In September 2024, the increase in Brazil's year-by-year imports  from Nigeria was explained primarily by an increase in product imports  in Scrap Aluminium ($1.21M or 1.03k%), Perfume Plants ($17.7k or 97.4%), and Wood Ornaments ($304 or 102%).