HS Icon Crude Petroleum in  Flag Brazil

2019
Exports | Imports
: $24.3B | $4.35B, World Rnk 13 / 135
Flag Rnk 2 / 1199 | World Rnk 28 / 156
Flag Rnk 3 / 1196

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.15B | $369M, China |  United States

2019
ECONOMIC COMPLEXITY of Brazil
: 0.58, Rnk 44 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports: In 2019, Brazil exported $24.3B in Crude Petroleum, making it the 13th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Brazil. The main destination of Crude Petroleum exports from Brazil are: China ($15.5B), United States ($3.24B), Chile ($1.23B), India ($980M), and Spain ($817M).

The fastest growing export markets for Crude Petroleum of Brazil between 2018 and 2019 were China ($1.15B), Netherlands ($405M), and Malaysia ($197M).

Imports: In 2019, Brazil imported $4.35B in Crude Petroleum, becoming the 28th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Brazil. Brazil imports Crude Petroleum primarily from: Saudi Arabia ($1.36B), United States ($1.03B), Algeria ($986M), Nigeria ($631M), and Iraq ($206M).

The fastest growing import markets in Crude Petroleum for Brazil between 2018 and 2019 were United States ($369M), Algeria ($102M), and Libya ($69.3M).

Latest Trends (March 2021)

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Overview: In March 2021 Brazil's Crude Petroleum exports accounted up to $2.47B and imports accounted up to $247M, resulting in a positive trade balance of $2.22B. Between March 2020 and March 2021 the exports of Brazil's   Crude Petroleum have increased by $443M (21.9%) from $2.02B to $2.47B, while imports decreased by $-54.1M (-18%) from $301M to $247M.

Destinations: In March 2021, Crude Petroleum were exported mostly to China ($1.21B), Portugal ($196M), India ($187M), United States ($173M), and South Korea ($154M), and were imported mostly from United States ($133M), Algeria ($59.9M), Saudi Arabia ($54.3M), and Germany ($33).

Growth: In March 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to China ($406M or 50.7%), United States ($70.7M or 69.3%), and Chile ($46.8M or 65.4%). In March 2021, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia ($-70.4M or -56.4%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (March 2020 - March 2021): $443M, (21.9%)

IMPORT GROWTH (March 2020 - March 2021): $-54.1M, (-18%)

MAIN EXPORTER (March 2021): Rio De Janeiro, $1.92B

MAIN DESTINATION (March 2021): China, $1.21B

This section shows Crude Petroleum's exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crude Petroleum over time.

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Historical Data

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Value

EXPORTS (2019): $24.3B

IMPORTS (2019): $4.35B

NET TRADE (2019): $19.9B

In 2019, Brazil exported $24.3B in Crude Petroleum. The main destinations of Brazil exports on Crude Petroleum were China ($15.5B), United States ($3.24B), Chile ($1.23B), India ($980M), and Spain ($817M).

In 2019, Brazil imported $4.35B in Crude Petroleum, mainly from Saudi Arabia ($1.36B), United States ($1.03B), Algeria ($986M), Nigeria ($631M), and Iraq ($206M).

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IN 2019, Brazil HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brazil WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Brazil's main exporting competitors in Crude Petroleum were:

In 2018, Brazil's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2017, the tariffs for Crude Petroleum in the imports of Brazil were of 0% around the world.