Seed Oils in Brazil | The Observatory of Economic Complexity

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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

March 2024

About

Overview In March 2024 Brazil's Seed Oils exports accounted up to $184k and imports accounted up to $2.75M, resulting in a negative trade balance of $2.57M. Between March 2023 and March 2024 the exports of Brazil's Seed Oils have decreased by $-408k (-68.9%) from $592k to $184k, while imports decreased by $-6.24M (-69.4%) from $8.99M to $2.75M.

Destinations In March 2024, Seed Oils were exported mostly to Uruguay ($146k), Marshall Islands ($5.87k), Liberia ($5.73k), Argentina ($4.79k), and Hong Kong ($3.63k), and were imported mostly from Argentina ($2.27M), Bolivia ($430k), Spain ($15.4k), United States ($14.4k), and Germany ($11.6k).

Growth In March 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 ($-57 or -7.57%). In March 2024, the decrease in Seed Oils's year-by-year imports was explained primarily by a decrease in imports from Bolivia ($-1.05M or -80.3%) and Uruguay ($-16.1k or -16.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)$-408k(-68.9%)

IMPORT GROWTH (March 2023 - March 2024)$-6.24M(-69.4%)

MAIN EXPORTER (March 2024)São Paulo$192k

MAIN DESTINATION (March 2024)Uruguay$146k

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

Trade Value

Growth

Growth (%)

Year

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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