Overview In January 2023 Brazil's Crude Petroleum exports accounted up to $3.28B and imports accounted up to $1.01B, resulting in a positive trade balance of $2.27B. Between January 2022 and January 2023 the exports of Brazil's Crude Petroleum have increased by $1.13B (52.6%) from $2.15B to $3.28B, while imports increased by $477M (88.9%) from $537M to $1.01B.
Destinations In January 2023, Crude Petroleum were exported mostly to China ($1.71B), Spain ($360M), Portugal ($268M), Netherlands ($251M), and United States ($236M), and were imported mostly from Algeria ($366M), Saudi Arabia ($164M), Guyana ($156M), Nigeria ($82M), and Angola ($74.7M).
Growth In January 2023, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to United States ($186M or 213%), India ($93.1M or 216%), and South Korea ($61.4M or 61.9%). In January 2023, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from United States ($53.1M or 81.1%).