Oil Exports Rise Significantly, According to the Ministry of Economy

Written by Roberta Souza

Published on 14/01/2021 at 16:15

Exportação de petróleo

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The Ministry of Economy Released Data on Brazilian Oil Exports, Which Were Over 100% Above Average Compared to 2020

According to data released on the 11th (Monday) by the Ministry of Economy, Brazil’s oil exports averaged 387,3 thousand tons per day in the first week of 2021. This figure was over 100% above the average level reported in January 2020, when the country’s oil exports averaged 191,900 tons per day.

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The document shows that in the first week of 2021, the value of oil obtained fell to $284.5 per ton, compared to $404.6 per ton in January 2020. In contrast, the pandemic had a direct impact on commodities.

Brazil’s oil exports reached 70.6 million tons last year, an 18.5% increase compared to 2019. This increase is due to China buying large quantities of oil at lower prices – in terms of sales, shipments fell nearly 19%, to $19.5 billion.

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Oil Exports Rise Significantly, According to the Ministry of Economy

The Ministry of Economy Released Data on Brazilian Oil Exports, Which Were Over 100% Above Average Compared to 2020

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Oil Exports Rise Significantly, According to the Ministry of Economy

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