Crude Petroleum in Brazil 2020 Exports | Imports : $19.8B | $2.36B, World Rnk 11 / 132 Rnk 3 / 1202 | World Rnk 31 / 145 Rnk 14 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $647M | $18.4M, Portugal | Argentina
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Crude Petroleum: -2.2, Rnk 1018 / 1029
Exports In 2020, Brazil exported $19.8B in Crude Petroleum, making it the 11th 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 ($11.4B), United States ($1.37B), India ($1.22B), Spain ($1.03B), and Portugal ($924M).
The fastest growing export markets for Crude Petroleum of Brazil between 2019 and 2020 were Portugal ($647M), South Korea ($541M), and Singapore ($345M).
Imports In 2020, Brazil imported $2.36B in Crude Petroleum, becoming the 31st largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 14th most imported product in Brazil. Brazil imports Crude Petroleum primarily from: Saudi Arabia ($866M), United States ($729M), Nigeria ($313M), Algeria ($251M), and Iraq ($92.3M).
The fastest growing import markets in Crude Petroleum for Brazil between 2019 and 2020 were Argentina ($18.4M), Angola ($16.1M), and Peru ($2.66M).
January 2023
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%).
EXPORT GROWTH (January 2022 - January 2023): $1.13B, (52.6%)
IMPORT GROWTH (January 2022 - January 2023): $477M, (88.9%)
MAIN EXPORTER (January 2023): Rio De Janeiro, $2.19B
MAIN DESTINATION (January 2023): China, $1.71B
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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EXPORTS (2020): $19.8B
IMPORTS (2020): $2.36B
NET TRADE (2020): $17.5B
In 2020, Brazil exported $19.8B in Crude Petroleum. The main destinations of Brazil exports on Crude Petroleum were China ($11.4B), United States ($1.37B), India ($1.22B), Spain ($1.03B), and Portugal ($924M).
In 2020, Brazil imported $2.36B in Crude Petroleum, mainly from Saudi Arabia ($866M), United States ($729M), Nigeria ($313M), Algeria ($251M), and Iraq ($92.3M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Crude Petroleum were:
In 2020, Brazil's main importing competitors in Crude Petroleum were:
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