Brazil / Nicaragua

Overview In December 2024, Brazil exported $13.8M and imported $507k from Nicaragua, resulting in a positive trade balance of $13.3M. Between December 2023 and December 2024 the exports of Brazil have decreased by $-4.66M (-25.2%) from $18.5M to $13.8M, while imports increased by $152k (42.9%) from $355k to $507k.

Trade In December 2024, the top exports of Brazil to Nicaragua were Other Agricultural Machinery ($1.56M), Cars ($845k), Unglazed Ceramics ($473k), Soil Preparation Machinery ($346k), and Coffee and Tea Extracts ($282k). In December 2024 the top imports of Brazil from Nicaragua were Scrap Aluminium ($488k), Insulated Wire ($19.8k), Rolled Tobacco ($4.02k), Knit T-shirts ($2.45k), and Knit Sweaters ($1.46k).

Origins In December 2024 the exports of Brazil were mainly from São Paulo ($4.77M), Mato Grosso ($4.35M), Rio Grande do Sul ($2.68M), Santa Catarina ($1.22M), and Paraná ($414k), while imports destinations were mainly São Paulo ($420k), Rio Grande do Sul ($47.6k), Santa Catarina ($29k), Rio de Janeiro ($5.57k), and Minas Gerais ($4.19k).

Growth In December 2024, the decrease in Brazil's year-by-year exports to Nicaragua was explained primarily by an decrease in product exports in Corn ($-12.7M or -98.4%), Large Construction Vehicles ($-1.38M or -86.1%), and Confectionery Sugar ($-84.7k or -37.1%). In December 2024, the increase in Brazil's year-by-year imports  from Nicaragua was explained primarily by an increase in product imports  in Scrap Aluminium ($273k or 127%), Insulated Wire ($11.3k or 133%), and Medical Instruments ($262 or 1.14k%).