Brazil / Nicaragua

Overview In February 2024, Brazil exported $16.8M and imported $363k from Nicaragua, resulting in a positive trade balance of $16.4M. Between February 2023 and February 2024 the exports of Brazil have increased by $10.1M (150%) from $6.7M to $16.8M, while imports decreased by $-242k (-39.9%) from $605k to $363k.

Trade In February 2024, the top exports of Brazil to Nicaragua were Corn ($12.9M), Large Construction Vehicles ($1.61M), Batteries ($280k), Confectionery Sugar ($229k), and Cars ($215k). In February 2024 the top imports of Brazil from Nicaragua were Scrap Aluminium ($215k), Insulated Wire ($8.51k), Rolled Tobacco ($4.16k), Knit T-shirts ($3.22k), and Metal Mountings ($2.04k).

Origins In February 2024 the exports of Brazil were mainly from Mato Grosso ($8.73M), São Paulo ($4.15M), Rio Grande do Sul ($2.26M), Mato Grosso do Sul ($598k), and Santa Catarina ($522k), while imports destinations were mainly São Paulo ($344k), Santa Catarina ($11.9k), Paraná ($7.06k), and Minas Gerais ($186).

Growth In February 2024, the increase in Brazil's year-by-year exports to Nicaragua was explained primarily by an increase in product exports in Large Construction Vehicles ($1.07M or 202%), Confectionery Sugar ($200k or 701%), and Other Agricultural Machinery ($118k or 4.96k%). In February 2024, the decrease in Brazil's year-by-year imports  from Nicaragua was explained primarily by an decrease in product imports  in Scrap Aluminium ($-61.6k or -22.3%), Rolled Tobacco ($-5.94k or -58.8%), and Knit T-shirts ($-1.3k or -28.8%).