Crude Petroleum in Brazil 2022 Exports | Imports : $43.1B | $8.78B, World Rnk 11 / 149 Rnk 2 / 1206 World Rnk 23 / 158 Rnk 2 / 1198
2021 - 2022 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $2.54B | $1.57B, China | Saudi Arabia
2022 ECONOMIC COMPLEXITY of Brazil: 0.29, Rnk 49 / 124
2022 PRODUCT COMPLEXITY IN Crude Petroleum: -2.44, Rnk 1015 / 1025
Exports In 2022, Brazil exported $43.1B in Crude Petroleum, making it the 11th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in Brazil. The main destination of Crude Petroleum exports from Brazil are: China ($16.8B), United States ($5.1B), Spain ($3.57B), Chile ($3.19B), and Portugal ($2.55B).
The fastest growing export markets for Crude Petroleum of Brazil between 2021 and 2022 were China ($2.54B), Spain ($2.5B), and United States ($2B).
Imports In 2022, Brazil imported $8.78B in Crude Petroleum, becoming the 23rd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in Brazil. Brazil imports Crude Petroleum primarily from: Saudi Arabia ($2.8B), United States ($2.28B), Nigeria ($1.06B), Angola ($539M), and Algeria ($516M).
The fastest growing import markets in Crude Petroleum for Brazil between 2021 and 2022 were Saudi Arabia ($1.57B), United States ($1.08B), and Angola ($539M).
COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Brazil to the United States.
March 2024
Overview In March 2024 Brazil's Crude Petroleum exports accounted up to $3.56B and imports accounted up to $794M, resulting in a positive trade balance of $2.77B. Between March 2023 and March 2024 the exports of Brazil's Crude Petroleum have decreased by $-1.96B (-35.5%) from $5.52B to $3.56B, while imports increased by $98.8M (14.2%) from $695M to $794M.
Destinations In March 2024, Crude Petroleum were exported mostly to China ($1.5B), United States ($869M), Malaysia ($250M), Spain ($229M), and Netherlands ($188M), and were imported mostly from Saudi Arabia ($165M), Ghana ($160M), Argentina ($114M), United States ($94.6M), and Guyana ($84M).
Growth In March 2024, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to India ($-104M or -76.7%), South Korea ($-89.9M or -55.9%), and Chile ($-57.1M or -27.7%). In March 2024, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Guyana ($69.1M or 79.4%).
EXPORT GROWTH (March 2023 - March 2024): $-1.96B, (-35.5%)
IMPORT GROWTH (March 2023 - March 2024): $98.8M, (14.2%)
MAIN EXPORTER (March 2024): Rio De Janeiro, $4.23B
MAIN DESTINATION (March 2024): China, $1.5B
This section shows Crude 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 Crude Petroleum over time.
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EXPORTS (2022): $43.1B
IMPORTS (2022): $8.78B
NET TRADE (2022): $34.3B
In 2022, Brazil exported $43.1B in Crude Petroleum. The main destinations of Brazil exports on Crude Petroleum were China ($16.8B), United States ($5.1B), Spain ($3.57B), Chile ($3.19B), and Portugal ($2.55B).
In 2022, Brazil imported $8.78B in Crude Petroleum, mainly from Saudi Arabia ($2.8B), United States ($2.28B), Nigeria ($1.06B), Angola ($539M), and Algeria ($516M).
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Brazil WERE (2021 - 2022):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Brazil WERE (2021 - 2022):
In 2022, Brazil's main exporting competitors in Crude Petroleum were:
In 2022, Brazil's main importing competitors in Crude Petroleum were:
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