Brazil / Nigeria

Overview In December 2024, Brazil exported $41.2M and imported $56.3M from Nigeria, resulting in a negative trade balance of $15.1M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-16.2M (-28.2%) from $57.5M to $41.2M, while imports decreased by $-23M (-29%) from $79.3M to $56.3M.

Trade In December 2024, the top exports of Brazil to Nigeria were Raw Sugar ($91.4M), Alcohol > 80% ABV ($13.2M), Oxygen Amino Compounds ($1.66M), Buses ($1.65M), and Trailers and semi-trailers, not mechanically propelled... ($1.58M). In December 2024 the top imports of Brazil from Nigeria were Nitrogenous Fertilizers ($56.4M), Crude Petroleum ($28.8M), Float Glass ($699k), Unprocessed Synthetic Staple Fibers ($379k), and Coconuts, Brazil Nuts, and Cashews ($149k).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($16.6M), Mato Grosso ($4.99M), Paraná ($4.83M), Minas Gerais ($4.51M), and Rondônia ($3.34M), while imports destinations were mainly Minas Gerais ($14.5M), Mato Grosso ($10.4M), São Paulo ($9.19M), Pará ($6.43M), and Rondônia ($4.43M).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Nigeria was explained primarily by an decrease in product exports in Salt ($-879k or -47.2%), Sausages ($-279k or -34.7%), and Plastic Pipes ($-141k or -66.8%). In December 2024, the decrease in Brazil's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Crude Petroleum ($-53M or -64.8%), Nitrogenous Fertilizers ($-1.22M or -2.12%), and Imitation Jewellery ($-139 or -58.9%).