Crude Petroleum in Brazil

2019
Exports | Imports
: $24.3B | $4.35B, World Rnk 13 / 135
Flag Rnk 2 / 1199 | World Rnk 28 / 156
Flag Rnk 3 / 1196

2019
Destination | Origin
: $15.5B | $1.36B, China | Saudi Arabia

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $1.15B | $369M, China |  United States

2019
ECONOMIC COMPLEXITY of Brazil
: 0.64, Rnk 44 / 157

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports: In 2019, Brazil exported $24.3B in Crude Petroleum, making it the 13th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Brazil. The main destination of Crude Petroleum exports from Brazil are: China ($15.5B), United States ($3.24B), Chile ($1.23B), India ($980M), and Spain ($817M).

The fastest growing export markets for Crude Petroleum of Brazil between 2018 and 2019 were China ($1.15B), Netherlands ($405M), and Malaysia ($197M).

Imports: In 2019, Brazil imported $4.35B in Crude Petroleum, becoming the 28th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most imported product in Brazil. Brazil imports Crude Petroleum primarily from: Saudi Arabia ($1.36B), United States ($1.03B), Algeria ($986M), Nigeria ($631M), and Iraq ($206M).

The fastest growing import markets in Crude Petroleum for Brazil between 2018 and 2019 were United States ($369M), Algeria ($102M), and Libya ($69.3M).

Overview: In February 2021 Brazil's Crude Petroleum exports accounted up to $1.61B and imports accounted up to $218M, resulting in a positive trade balance of $1.39B. Between February 2020 and February 2021 the exports of Brazil's   Crude Petroleum have decreased by $-711M (-30.7%) from $2.32B to $1.61B, while imports decreased by $-115M (-34.6%) from $333M to $218M.

Destinations: In February 2021 Crude Petroleum exported mostly to China ($1.26B), Chile ($92.3M), Spain ($66.7M), Portugal ($51M), and Bahamas ($42.8M), and imported mostly from Saudi Arabia ($138M), United States ($66.3M), and Nigeria ($14M).

Growth: In February 2021, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to China ($-322M or -20.4%), United States ($-145M or -88.8%), and Spain ($-113M or -62.9%). In February 2021, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Saudi Arabia ($-56.9M or -29.2%) and United States ($-46.7M or -41.3%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (February 2020 - February 2021): $-711M, (-30.7%)

IMPORT GROWTH (February 2020 - February 2021): $-115M, (-34.6%)

MAIN EXPORTER (February 2021): Rio De Janeiro, $902M

MAIN DESTINATION (February 2021): China, $1.26B

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.

Value

EXPORTS (2019): $24.3B

IMPORTS (2019): $4.35B

NET TRADE (2019): $19.9B

In 2019, Brazil exported $24.3B in Crude Petroleum. The main destinations of Brazil exports on Crude Petroleum were China ($15.5B), United States ($3.24B), Chile ($1.23B), India ($980M), and Spain ($817M).

In 2019, Brazil imported $4.35B in Crude Petroleum, mainly from Saudi Arabia ($1.36B), United States ($1.03B), Algeria ($986M), Nigeria ($631M), and Iraq ($206M).

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IN 2019, Brazil HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Brazil HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brazil WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brazil WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Brazil's main exporting competitors in Crude Petroleum were:

In 2018, Brazil's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2017, the tariffs for Crude Petroleum in the imports of Brazil were of 0% around the world.

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