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2022
Exports $11.7MWorld Rnk 54 / 152
Flag Rnk 574 / 1206
2022
Destination $4.1M Australia
2021 - 2022
FASTEST GROWING MARKET $4.1MAustralia
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $59.4MWorld Rnk 54 / 211
Flag Rnk 418 / 1198
2022
Origin $2.74M Argentina
2021 - 2022
FASTEST GROWING ORIGIN $2.74MUruguay
2022
ECONOMIC COMPLEXITY of Brazil0.36Rnk 49 / 133

About

Exports In 2022, Brazil exported $11.7M in Seed Oils, making it the 54th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 574th most exported product in Brazil. The main destination of Seed Oils exports from Brazil are: Australia ($6M), Malaysia ($1.87M), Italy ($1.69M), Uruguay ($980k), and Argentina ($404k).

The fastest growing export markets for Seed Oils of Brazil between 2021 and 2022 were Australia ($4.1M), Italy ($1.37M), and Uruguay ($443k).

Imports In 2022, Brazil imported $59.4M in Seed Oils, becoming the 54th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 418th most imported product in Brazil. Brazil imports Seed Oils primarily from: Argentina ($43.6M), Bolivia ($8.9M), Uruguay ($3.96M), Spain ($1.37M), and Belgium ($504k).

The fastest growing import markets in Seed Oils for Brazil between 2021 and 2022 were Uruguay ($2.74M), Spain ($915k), and Bolivia ($767k).

Latest Trends

October 2024

About

Overview In October 2024 Brazil's Seed Oils exports accounted up to $70.1k and imports accounted up to $1.3M, resulting in a negative trade balance of $1.23M. Between October 2023 and October 2024 the exports of Brazil's   Seed Oils have decreased by $-83k (-54.2%) from $153k to $70.1k, while imports decreased by $-4.66M (-78.1%) from $5.96M to $1.3M.

Destinations In October 2024, Seed Oils were exported mostly to Uruguay ($39.3k), Liberia ($7.22k), Marshall Islands ($5.06k), Panama ($3.06k), and United States ($2.72k), and were imported mostly from Argentina ($1.15M), Spain ($139k), France ($8.26k), Sweden ($3.26k), and United States ($3k).

Growth In October 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to China ($-701 or -90.1%), Netherlands ($-180 or -67.4%), and Cyprus ($-57 or -7.57%). In October 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Bolivia ($-1.05M or -80.3%) and Uruguay ($-16.1k or -16.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-83k(-54.2%)
IMPORT GROWTH (October 2023 - October 2024)$-4.66M(-78.1%)
MAIN EXPORTER (October 2024)Goiás$1.78M
MAIN DESTINATION (October 2024)Uruguay$39.3k

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$11.7M
IMPORTS (2022)$59.4M
NET TRADE (2022)-$47.7M

In 2022, Brazil exported $11.7M in Seed Oils. The main destinations of Brazil exports on Seed Oils were Australia ($6M), Malaysia ($1.87M), Italy ($1.69M), Uruguay ($980k), and Argentina ($404k).

In 2022, Brazil imported $59.4M in Seed Oils, mainly from Argentina ($43.6M), Bolivia ($8.9M), Uruguay ($3.96M), Spain ($1.37M), and Belgium ($504k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
Australia$4.1M (215%)
Italy$1.37M (437%)
Uruguay$443k (82.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Brazil WERE (2021 - 2022):
Malaysia-$3.91M (-67.7%)
Venezuela-$499k (-100%)
Singapore-$325k (-92.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Brazil's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Brazil's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.19M
TOP IMPORT POTENTIALArgentina+ $8.07M

Seed Oils’s highest export potential is Italy. With an export gap of $1.19M.   Seed Oils’s highest import potential is Argentina with an import gap of $8.07M.

See methodology.

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