Overview In July 2021 Brazil's Crude Petroleum exports accounted up to $1.95B and imports accounted up to $618M, resulting in a positive trade balance of $1.34B. Between July 2020 and July 2021 the exports of Brazil's Crude Petroleum have increased by $26.3M (1.36%) from $1.93B to $1.95B, while imports increased by $359M (138%) from $260M to $618M.
Destinations In July 2021, Crude Petroleum were exported mostly to China ($729M), United States ($364M), Chile ($203M), Portugal ($197M), and Netherlands ($196M), and were imported mostly from Saudi Arabia ($335M), Algeria ($134M), Nigeria ($63.5M), United States ($46.1M), and Iraq ($39.8M).
Growth In July 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to United States ($264M or 264%), Netherlands ($158M or 418%), and Portugal ($158M or 411%). In July 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia ($272M or 435%), Algeria ($70.4M or 112%), and Nigeria ($30.7M or 93.7%).