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Who buys Brazil’s crude oil? Export destinations 2024

In 2024, Brazil exported $47.5 billion of crude oil (91.4 million tonnes), 3.6% of the world total. Its main destinations were China (43%), the United States (13%) and Spain (9%). Brazil was the world’s 8th-largest exporter of crude oil.

Summary

Value
$47.5billion
Tonnes
91.4million tonnes
Share of world total
3.6%
World rank
8th
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
China20.3Tonnes: 39,432,536USD per tonne: $51442.7%Sea
United States6.2Tonnes: 12,233,599USD per tonne: $50913.1%Sea
Spain4.3Tonnes: 9,295,704USD per tonne: $4629.1%Sea
Netherlands re-exports3.5Tonnes: 6,431,349USD per tonne: $5427.3%Sea
Portugal2.6Tonnes: 4,466,051USD per tonne: $5835.5%Sea
Chile2.3Tonnes: 3,918,752USD per tonne: $5774.8%Sea
Singapore re-exports1.7Tonnes: 3,102,994USD per tonne: $5543.6%Sea
South Korea1.6Tonnes: 2,786,923USD per tonne: $5883.5%Sea
Malaysia1.2Tonnes: 2,226,932USD per tonne: $5432.6%Sea
India1.1Tonnes: 2,439,501USD per tonne: $4612.4%Sea
France0.59Tonnes: 1,046,806USD per tonne: $5621.2%Sea
Peru0.45Tonnes: 792,068USD per tonne: $5720.95%Land
Germany0.31Tonnes: 518,371USD per tonne: $5950.65%Sea
Italy0.3Tonnes: 626,243USD per tonne: $4770.63%Sea
Thailand0.23Tonnes: 711,787USD per tonne: $3280.49%Sea
Israel0.22Tonnes: 416,536USD per tonne: $5180.45%Sea
Jamaica0.13Tonnes: 237,662USD per tonne: $5650.28%Sea
United Arab Emirates0.08Tonnes: 217,553USD per tonne: $3740.17%Sea
Indonesia0.08Tonnes: 128,185USD per tonne: $6140.17%Sea
Australia0.07Tonnes: 68,623USD per tonne: $9690.14%Sea

Trend

Who it sells to

China has been its main destination since 2015

Value in USD billions. The five largest destinations in 2024.

  • China 20.3
  • United States 6.2
  • Spain 4.3
  • Netherlands 3.5
  • Portugal 2.6

Source: CEPII BACI

Show the numbers
Partner19952024
China020.3
United States0.016.2
Spain04.3
Netherlands03.5
Portugal02.6

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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