2021
Exports | Imports
$30.7B | $3.9BWorld Rnk 10 / 147
Flag Rnk 3 / 1202
World Rnk 30 / 163
Flag Rnk 10 / 1196
2021
ECONOMIC COMPLEXITY of Brazil
0.33Rnk 49 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Brazil exported $30.7B in Crude Petroleum, making it the 10th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in Brazil. The main destination of Crude Petroleum exports from Brazil are: China ($14.2B), United States ($3.1B), India ($2.23B), Chile ($1.98B), and Portugal ($1.66B).

The fastest growing export markets for Crude Petroleum of Brazil between 2020 and 2021 were China ($2.89B), United States ($1.72B), and Chile ($1.32B).

Imports In 2021, Brazil imported $3.9B in Crude Petroleum, becoming the 30th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 10th most imported product in Brazil. Brazil imports Crude Petroleum primarily from: Saint Lucia ($1.24B), United States ($1.14B), Nigeria ($594M), Algeria ($586M), and Iraq ($272M).

The fastest growing import markets in Crude Petroleum for Brazil between 2020 and 2021 were United States ($417M), Saint Lucia ($359M), and Algeria ($335M).

Latest Trends

December 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2022 - December 2023)$-1B(-22.2%)
IMPORT GROWTH (December 2022 - December 2023)$-774M(-64.9%)
MAIN EXPORTER (December 2023)Rio De Janeiro$4.86B
MAIN DESTINATION (December 2023)China$1.46B

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

Trade Balance

Color
EXPORTS (2021)$30.7B
IMPORTS (2021)$3.9B
NET TRADE (2021)$26.8B

In 2021, Brazil exported $30.7B in Crude Petroleum. The main destinations of Brazil exports on Crude Petroleum were China ($14.2B), United States ($3.1B), India ($2.23B), Chile ($1.98B), and Portugal ($1.66B).

In 2021, Brazil imported $3.9B in Crude Petroleum, mainly from Saint Lucia ($1.24B), United States ($1.14B), Nigeria ($594M), Algeria ($586M), and Iraq ($272M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brazil WERE (2020 - 2021):
China$2.89B (25.4%)
United States$1.72B (126%)
Chile$1.32B (197%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brazil WERE (2020 - 2021):
Uruguay-$125M (-100%)
Jamaica-$87.8M (-58.8%)
South Africa-$81.4M (-100%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Brazil's main exporting competitors in Crude Petroleum were:
In 2021, Brazil's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

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