2023
Exports
$9.88BWorld Rnk 25 / 214
Flag Rnk 7 / 1207
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$18.5BWorld Rnk 13 / 226
Flag Rnk 1 / 1200
2023
ECONOMIC COMPLEXITY of Brazil
0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $9.88B in Refined Petroleum, making it the 25th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Brazil. The main destination of Refined Petroleum exports from Brazil are: Singapore ($4.01B), United States ($1.94B), Panama ($369M), Liberia ($340M), and Netherlands ($314M).

The fastest growing export markets for Refined Petroleum of Brazil between 2022 and 2023 were United States ($532M), Egypt ($98M), and Colombia ($81.4M).

Imports In 2023, Brazil imported $18.5B in Refined Petroleum, becoming the 13th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Brazil. Brazil imports Refined Petroleum primarily from: Russia ($5.82B), United States ($5.04B), Netherlands ($1.45B), United Arab Emirates ($1.02B), and Spain ($985M).

The fastest growing import markets in Refined Petroleum for Brazil between 2022 and 2023 were Russia ($4.65B), Spain ($546M), and Peru ($257M).

COMPANIES In 2024, leading companies such as Givaudan Fragrances (3) were at the forefront of shipping Refined Petroleum from Brazil to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-125M(-13.1%)
IMPORT GROWTH (December 2023 - December 2024)$-782M(-43.6%)
MAIN EXPORTER (December 2024)São Paulo$583M
MAIN DESTINATION (December 2024)Singapore$337M

This section shows Refined 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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.88B
IMPORTS (2023)$18.5B
NET TRADE (2023)-$8.59B

In 2023, Brazil exported $9.88B in Refined Petroleum. The main destinations of Brazil exports on Refined Petroleum were Singapore ($4.01B), United States ($1.94B), Panama ($369M), Liberia ($340M), and Netherlands ($314M).

In 2023, Brazil imported $18.5B in Refined Petroleum, mainly from Russia ($5.82B), United States ($5.04B), Netherlands ($1.45B), United Arab Emirates ($1.02B), and Spain ($985M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
United States$532M (37.7%)
Egypt$98M (5.98k%)
Colombia$81.4M (258%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Brazil WERE (2022 - 2023):
Singapore-$946M (-19.1%)
Netherlands-$569M (-64.5%)
Spain-$296M (-90.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Refined Petroleum were:
In 2023, Brazil's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $861M
TOP IMPORT POTENTIALIndia+ $873M

Refined Petroleum’s highest export potential is United States. With an export gap of $861M.   Refined Petroleum’s highest import potential is India with an import gap of $873M.

See methodology.

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