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%).