Refined Petroleum in Brazil 2020 Exports | Imports : $5B | $7.91B, World Rnk 22 / 212 Rnk 11 / 1202 | World Rnk 16 / 224 Rnk 1 / 1194
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $804M | $45.7M, Singapore | Angola
2020 ECONOMIC COMPLEXITY of Brazil: 0.44, Rnk 47 / 127
2020 PRODUCT COMPLEXITY IN Refined Petroleum: -0.94, Rnk 822 / 1029
Exports In 2020, Brazil exported $5B in Refined Petroleum, making it the 22nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 11th most exported product in Brazil. The main destination of Refined Petroleum exports from Brazil are: Singapore ($2.24B), United States ($696M), Netherlands ($400M), Panama ($202M), and Marshall Islands ($198M).
The fastest growing export markets for Refined Petroleum of Brazil between 2019 and 2020 were Singapore ($804M), Netherlands ($161M), and Japan ($12.5M).
Imports In 2020, Brazil imported $7.91B 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 ($5.94B), Spain ($336M), Netherlands ($266M), India ($224M), and United Arab Emirates ($166M).
The fastest growing import markets in Refined Petroleum for Brazil between 2019 and 2020 were Angola ($45.7M), Oman ($24M), and Bahrain ($22M).
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 MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 10.4%), Cuba (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 9.36%), Panama (AR.PAR N° 04 - Preferencia Arancelaria Regional (Argentina Bolivia Brasil Chile Colombia Cuba Ecuador MĂ©xico PanamĂĄ Paraguay PerĂș Uruguay Venezuela), 9.36%), Angola (Most Favoured Nation duty rate treatement, 1.04%), and Burundi (Most Favoured Nation duty rate treatement, 1.04%).
December 2022
Overview In December 2022 Brazil's Refined Petroleum exports accounted up to $858M and imports accounted up to $2.57B, resulting in a negative trade balance of $1.71B. Between December 2021 and December 2022 the exports of Brazil's Refined Petroleum have increased by $169M (24.6%) from $688M to $858M, while imports increased by $1.27B (97.8%) from $1.3B to $2.57B.
Destinations In December 2022, Refined Petroleum were exported mostly to Singapore ($305M), Brazil ($85.4M), Spain ($60.8M), Colombia ($52.5M), and United Arab Emirates ($46.8M), and were imported mostly from United States ($918M), India ($385M), Netherlands ($276M), Russia ($270M), and United Arab Emirates ($231M).
Growth In December 2022, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to Singapore ($395M or 181%), Panama ($14.5M or 108%), and United States ($14.5M or 198%). In December 2022, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from United States ($292M or 48.6%), United Arab Emirates ($126M or 1.03k%), and India ($120M or 517%).
EXPORT GROWTH (December 2021 - December 2022): $169M, (24.6%)
IMPORT GROWTH (December 2021 - December 2022): $1.27B, (97.8%)
MAIN EXPORTER (December 2022): SĂŁo Paulo, $323M
MAIN DESTINATION (December 2022): Singapore, $305M
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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EXPORTS (2020): $5B
IMPORTS (2020): $7.91B
NET TRADE (2020): -$2.92B
In 2020, Brazil exported $5B in Refined Petroleum. The main destinations of Brazil exports on Refined Petroleum were Singapore ($2.24B), United States ($696M), Netherlands ($400M), Panama ($202M), and Marshall Islands ($198M).
In 2020, Brazil imported $7.91B in Refined Petroleum, mainly from United States ($5.94B), Spain ($336M), Netherlands ($266M), India ($224M), and United Arab Emirates ($166M).
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Brazil WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Brazil WERE (2019 - 2020):
In 2020, Brazil's main exporting competitors in Refined Petroleum were:
In 2020, Brazil's main importing competitors in Refined Petroleum were:
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