HS Icon Refined Petroleum in  Flag Brazil

2019
Exports | Imports
: $5.76B | $12.4B, World Rnk 29 / 214
Flag Rnk 8 / 1199 | World Rnk 16 / 225
Flag Rnk 1 / 1196

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $942M | $1.47B, United States |  United States

2019
ECONOMIC COMPLEXITY of Brazil
: 0.58, Rnk 44 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports: In 2019, Brazil exported $5.76B in Refined Petroleum, making it the 29th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 8th most exported product in Brazil. The main destination of Refined Petroleum exports from Brazil are: United States ($1.75B), Singapore ($1.43B), Panama ($264M), Netherlands ($239M), and Liberia ($218M).

The fastest growing export markets for Refined Petroleum of Brazil between 2018 and 2019 were United States ($942M), Singapore ($308M), and Panama ($152M).

Imports: In 2019, Brazil imported $12.4B in Refined Petroleum, becoming the 16th 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: United States ($8.16B), Netherlands ($773M), India ($519M), Spain ($475M), and United Arab Emirates ($397M).

The fastest growing import markets in Refined Petroleum for Brazil between 2018 and 2019 were United States ($1.47B), India ($402M), and Netherlands ($271M).

Tariffs: In 2017, the average tariff for Brazil in Refined Petroleum was 1.1%. The countries with the highest import tariffs for Refined Petroleum were Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 10.4%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 9.36%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 9.36%), Angola (Most Favoured Nation duty rate treatement, 1.04%), and Burundi (Most Favoured Nation duty rate treatement, 1.04%).

Latest Trends (March 2021)

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Overview: In March 2021 Brazil's Refined Petroleum exports accounted up to $394M and imports accounted up to $761M, resulting in a negative trade balance of $367M. Between March 2020 and March 2021 the exports of Brazil's   Refined Petroleum have decreased by $-221M (-36%) from $615M to $394M, while imports increased by $20.1M (2.72%) from $740M to $761M.

Destinations: In March 2021, Refined Petroleum were exported mostly to Singapore ($166M), United States ($38M), Liberia ($28.1M), Marshall Islands ($25.7M), and Hong Kong ($24.1M), and were imported mostly from United States ($498M), India ($68.8M), United Arab Emirates ($27.6M), Russia ($25.9M), and Saudi Arabia ($24.6M).

Growth: In March 2021, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-83.1M or -33.4%), United States ($-54.6M or -58.9%), and Netherlands ($-42.9M or -90%). In March 2021, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from India ($56.2M or 448%), Russia ($25.8M or 23.4k%), and Netherlands ($13.6M or 147%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (March 2020 - March 2021): $-221M, (-36%)

IMPORT GROWTH (March 2020 - March 2021): $20.1M, (2.72%)

MAIN EXPORTER (March 2021): São Paulo, $126M

MAIN DESTINATION (March 2021): Singapore, $166M

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

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Value

EXPORTS (2019): $5.76B

IMPORTS (2019): $12.4B

NET TRADE (2019): -$6.64B

In 2019, Brazil exported $5.76B in Refined Petroleum. The main destinations of Brazil exports on Refined Petroleum were United States ($1.75B), Singapore ($1.43B), Panama ($264M), Netherlands ($239M), and Liberia ($218M).

In 2019, Brazil imported $12.4B in Refined Petroleum, mainly from United States ($8.16B), Netherlands ($773M), India ($519M), Spain ($475M), and United Arab Emirates ($397M).

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

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

Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined 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 Refined Petroleum were:

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

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Tariffs by Country

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In 2017, the average tariff for Brazil in Refined Petroleum was 1.1%.

The countries with the highest tariffs for Refined Petroleum in Brazil were Mexico (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 10.4%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 9.36%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador México Panamá Paraguay Perú Uruguay Venezuela), 9.36%), Angola (Most Favoured Nation duty rate treatement, 1.04%), and Burundi (Most Favoured Nation duty rate treatement, 1.04%).