Mineral fuels, mineral oils and products of their distillation in Brazil

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Exports In 2022, Brazil exported $57.2B in Mineral fuels, mineral oils and products of their distillation, making it the 21st largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Brazil. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Brazil are: China ($16.9B), Singapore ($7.25B), United States ($6.39B), Spain ($3.99B), and Chile ($3.27B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Brazil between 2021 and 2022 were Spain ($2.89B), China ($2.58B), and Singapore ($2.44B).

Imports In 2022, Brazil imported $46.4B in Mineral fuels, mineral oils and products of their distillation, becoming the 18th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Brazil. Brazil imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($19.7B), India ($3.58B), Saudi Arabia ($3.49B), United Arab Emirates ($2.16B), and Australia ($2.03B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Brazil between 2021 and 2022 were United States ($5.39B), India ($2.32B), and Saudi Arabia ($1.87B).

COMPANIES In 2023, leading companies such as CNH Industrial (1), Steve Silver (1), and Goodyear Tire and Rubber (1) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Brazil to the United States.

Latest Trends

August 2024

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Overview In August 2024 Brazil's Mineral fuels, mineral oils and products of their distillation exports accounted up to $5.15B and imports accounted up to $3.16B, resulting in a positive trade balance of $1.99B. Between August 2023 and August 2024 the exports of Brazil's Mineral fuels, mineral oils and products of their distillation have increased by $116M (2.3%) from $5.04B to $5.15B, while imports increased by $201M (6.77%) from $2.96B to $3.16B.

Destinations In August 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to China ($1.54B), United States ($770M), Singapore ($530M), Portugal ($474M), and Spain ($436M), and were imported mostly from United States ($947M), Russia ($591M), Saudi Arabia ($286M), Algeria ($164M), and Colombia ($132M).

Growth In August 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by an increase in exports to China ($634M or 64.9%), Spain ($245M or 181%), and Netherlands ($199M or 1.1k%). In August 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from Angola ($70M or 341%), Guyana ($69.1M or 79.4%), and Bahrain ($68M or 2.34k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)$116M(2.3%)

IMPORT GROWTH (August 2023 - August 2024)$201M(6.77%)

MAIN EXPORTER (August 2024)Rio De Janeiro$4.48B

MAIN DESTINATION (August 2024)China$1.54B

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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