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
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).
March 2022
Overview In March 2022 Brazil's Crude Petroleum exports accounted up to $3.09B and imports accounted up to $759M, resulting in a positive trade balance of $2.33B. Between March 2021 and March 2022 the exports of Brazil's Crude Petroleum have increased by $432M (16.3%) from $2.66B to $3.09B, while imports increased by $512M (207%) from $247M to $759M.
Destinations In March 2022, Crude Petroleum were exported mostly to China ($1.14B), Israel ($274M), Chile ($272M), Spain ($260M), and Singapore ($193M), and were imported mostly from Saudi Arabia ($505M), United States ($119M), Guyana ($70.3M), Nigeria ($64.8M), and Bolivia ($130k).
Growth In March 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to China ($143M or 16.2%), Chile ($106M or 170%), and Singapore ($7.05M or 18.1%). In March 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from .
EXPORT GROWTH (March 2021 - March 2022): $432M, (16.3%)
IMPORT GROWTH (March 2021 - March 2022): $512M, (207%)
MAIN EXPORTER (March 2022): Rio De Janeiro, $2.31B
MAIN DESTINATION (March 2022): China, $1.14B
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).
IN 2020, Brazil HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:
IN 2020, Brazil HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:
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 2019, Brazil's main exporting competitors in Crude Petroleum were:
In 2019, Brazil's main importing competitors in Crude Petroleum were:
In 2017, the tariffs for Crude Petroleum in the imports of Brazil were of 0% around the world.
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