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2022
Flag → Flag
Exports $932MRnk 51 / 223
2022
Flag → Flag
Top Product $640MRaw Sugar
2022
Flag → Flag
Exports $2BRnk 10 / 166
2022
Flag → Flag
Top Product $1.06BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Brazil-Nigeria Trade: In 2022, Brazil exported $932M to Nigeria. The main products that Brazil exported to Nigeria were Raw Sugar ($640M), Oxygen Amino Compounds ($35.7M), and Alcohol > 80% ABV ($34.7M). Over the past 5 years the exports of Brazil to Nigeria have increased at an annualized rate of 4.08%, from $763M in 2017 to $932M in 2022.

In 2022, Brazil did not export any services to Nigeria.

Nigeria-Brazil Trade: In 2022, Nigeria exported $2B to Brazil. The main products that Nigeria exported to Brazil were Crude Petroleum ($1.06B), Nitrogenous Fertilizers ($857M), and Refined Petroleum ($44.2M). Over the past 5 years the exports of Nigeria to Brazil have increased at an annualized rate of 19%,  from $841M in 2017 to $2B in 2022.

In 2022, Nigeria did not export any services to Brazil.

Comparison: In 2022,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B). That same year, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Latest Trends

October, 2024

About

Overview In October 2024, Brazil exported $96.2M and imported $106M from Nigeria, resulting in a negative trade balance of $9.41M. Between October 2023 and October 2024 the exports of Brazil have increased by $31.5M (48.7%) from $64.7M to $96.2M, while imports decreased by $-40.7M (-27.8%) from $146M to $106M.

Trade In October 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 October 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 October 2024 the exports of Brazil were mainly from São Paulo ($49.1M), Minas Gerais ($25.7M), Goiás ($2.46M), Mato Grosso do Sul ($2.08M), and Paraná ($1.41M), while imports destinations were mainly Pernambuco ($21.7M), São Paulo ($21.4M), Mato Grosso ($16.7M), Paraná ($16.5M), and Pará ($8.62M).

Growth In October 2024, the increase in Brazil's year-by-year exports to Nigeria was explained primarily by an increase in product exports in Raw Sugar ($37.1M or 77.1%), Salt ($960k or 106%), and Sausages ($424k or 111%). In October 2024, the decrease in Brazil's year-by-year imports  from Nigeria was explained primarily by an decrease in product imports  in Nitrogenous Fertilizers ($-23.5M or -29%) and Ethylene Polymers ($-20k or -43.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)$31.5M(48.7%)
IMPORT GROWTH (October 2023 - October 2024)$-40.7M(-27.8%)
MAIN EXPORTER (October 2024)São Paulo$49.1M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Nigeria and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nigeria and Brazil Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Brazil exported $932M to Nigeria. The main products exported from Brazil to Nigeria were Raw Sugar ($640M), Oxygen Amino Compounds ($35.7M), and Alcohol > 80% ABV ($34.7M). During the last 5 years the exports of Brazil to Nigeria have increased at an annualized rate of 4.08%, from $763M in 2017 to $932M in 2022.

In 2017, Nigeria exported $2B to Brazil. The main products exported from Nigeria to Brazil were Crude Petroleum ($1.06B), Nitrogenous Fertilizers ($857M), and Refined Petroleum ($44.2M). During the last 5 years the exports of Nigeria to Brazil have increased at an annualized rate of 19%, from $841M in 2022 to $2B in 2017.

Exports from Brazil (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to Brazil (Flag) (2022)

Market Competitiveness

Color
Brazil
Top DestinationChina$90.1B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from Brazil than Nigeria included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

In 2022, countries that imported more from Nigeria than Brazil included Cote d'Ivoire ($1.97B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and Brazil (Flag) (2022)

Comparative Advantage Brazil - Nigeria

Flow
Scale

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

During 2022, Brazil had a large net trade with Nigeria in the exports of Foodstuffs ($727M), Chemical Products ($47M), and Metals ($43M).

During 2017, Nigeria had a large net trade with Brazil in the exports of Mineral Products ($1.14B), Chemical Products ($857M), and Animal Hides ($4.45M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil Nigeria+$8.54MHot-Rolled Iron
Top Product Potential Nigeria Brazil+$497MCrude Petroleum

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

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

Product Space of Brazil (Flag) and Nigeria (Flag) (2022)

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