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%).