The petrochemical industry in Brazil has maintained a negative trade balance in recent years, with imports exceeding exports. According to the most recent data available, in 2021 the sector's imports amounted to ***** billion U.S. dollars, while exports added up to **** billion U.S. dollars. This represents a significant increase in imports from the previous year, when they amounted to ***** billion U.S. dollars.

In 2023, the exports in the petrochemical sector totaled some *** billion Canadian dollars. Petrochemicals include hydrocarbons such as ethylene and benzene. Other organic chemicals include chemicals that contain elements other than hydrogen and carbon such as methanol and isopropyl alcohol.

This statistic shows the production, imports, and exports of petroleum products in the United Kingdom (UK) from 2010 to 2018, in thousand metric tons. It shows that the production of petroleum products decreased over this period from approximately 73 million metric tons in 2010 to 58 million metric tons in 2018. Imports of petroleum products increased over the same period from 23.7 million metric tons to 35 million metric tons.

The European Union (EU-27) exported more than *** billion euros worth of chemicals in 2023. Specialty chemicals was the segment with the highest export value that year, at around ** billion euros. Meanwhile, the largest contributor to the EU's chemical imports was petrochemicals, at over ** billion euros.

This statistic reflects the value of the United States' petroleum merchandise trade balance between 1975 and 2018. In 2018, the value of U.S. petroleum merchandise trade was around ***** billion U.S. dollars, meaning that the value of petroleum exports was lower than import values.

In 2023, China was South Korea's most valuable export destination in terms of petrochemical exports, with sales valued at around ** billion U.S. dollars. Other leading export partners included the United States and India. The majority of South Korea's major trading partners in the petrochemical industry were other Asian territories.

Canada is the main source country for petroleum imported into the United States. In 2024, the United States imported around 4.7 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined since the year 2000. In fact, the U.S. did not purchase any crude oil or oil products from Venezuela between 2020 and 2022. However, in 2024 Venezuelan petroleum imports reached some 232 thousand barrels per day. Crude oil reserves As of 2023, global crude oil reserves were estimated to be around 1.6 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s. Uses of petroleum Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.4 million barrels per day in 2021. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

The inorganic sector of Brazil's chemical industry had the highest trade deficit of 16.4 billion euros. No sectors within Brazil's chemical industry were able to achieve a trade surplus, with both pharmaceutical chemicals and petrochemicals also showing trade deficits of 11.8 billion euros and 7.3 billion euros, respectively.

Petroleum coke production presented a trend of decline, while import and export volumes oscillated in the United Kingdom. Between 2010 and 2019, petroleum coke production decreased by 313,000 metric tons. In 2019, the UK produced 1.8 million metric tons worth of petroleum coke. However, import volume more than doubled in 2019 compared to the year prior, at 623,000 metric tons.

East and South Africa were the main source of crude oil exports from the African continent as of 2023. Some ***** million metric tons of crude oil were exported to the world with origin in the westernmost region of the continent. In its turn, exports of oil products were in higher quantities in North African countries, reaching **** million metric tons. Besides, oil products were imported in large quantities across all African regions. The import volume reached **** million metric tons in East and Southern Africa, **** million metric tons in West Africa, and **** million metric tons in North Africa.

Revenue in the wholesale of petroleum products in Germany fluctuated in recent years. In 2023, net revenue amounted to around ***** billion euros, which was a noticeable decrease compared to the year before.

In 2021, the U.S. export of oil and gas grew by 56.24 percent on the previous year. On the other hand, the export of scrap and waste products decreased by 4.38 percent compared to 2021.

The share of U.S. petroleum imports from OPEC countries amounted to 14.9 percent in 2024, a decrease when compared to the previous year. In 2020, the coronavirus pandemic and resulting lower transportation fuel demand discouraged many oil traders and resulted in oil benchmarks falling to record lows. OPEC imports have decreased as the U.S. has become more reliant on neighboring Canada for oil imports.

In August 2021, the trade revenue of petroleum and related products in China was around 168 billion yuan. The trading revenue decreased by roughly one fourth compared to 2019. Whereas in 2019, the trade value of petroleum products was between 167 and 181 billion yuan per month, it dropped to around 150 billion yuan per month in 2020 and 2021. This drop is potentially the result of the economic impact of COVID-19.

This statistic shows the total exports of petroleum products in the United Kingdom (UK) from 2011 to 2018, in thousand metric tons. It shows that the amount of petroleum products exported went from **** million metric tons in 2011 to **** million metric tons in 2018.

In 2024, the import value of crude petroleum in Australia was approximately **** billion Australian dollars. Australia's import value of crude petroleum decreased compared to the previous year.

In 2023, global propylene production capacity reached 160.02 million metric tons, reflecting continued growth in this crucial petrochemical industry. The global production capacity of propylene is expected to continue to expand in the upcoming years, forecast to reach almost 208 million metric tons by 2030. This expansion underscores the increasing demand for propylene, a versatile chemical used in manufacturing various products from plastics to textiles. In 2022, propylene accounted for 22 percent of global primary petrochemical consumption, making it the second most widely used primary petrochemical in the world. Which countries dominate global propylene trade? As a result of its widespread use in various industries ranging from plastics to textiles, propylene constitutes a critical component of global trade. In 2023, the Netherlands led global propylene exports, shipping around 800 thousand metric tons worth approximately 814.44 million U.S. dollars. The United States ranked second, with exports valued at 498.74 million U.S. dollars. Meanwhile, China emerged as the largest importer of propylene, bringing in 2.4 million metric tons of propylene worth over 2.1 billion U.S. dollars. Germany ranked second among importers, with propylene imports valued at 621.43 million U.S. dollars. Propylene price trends In 2023, the average global price of propylene was about 865 U.S. dollars per metric ton, representing a decline of 132 U.S. dollars per metric ton when compared to the previous year. Between 2020 and 2024, the monthly price of propylene fluctuated significantly. The highest recorded price during this period occurred in March 2022, reaching 1,317 U.S. dollars per metric ton. By October 2024, the price had decreased to 805 U.S. dollars per metric ton.

Between 2021 and 2022, Croatia was the undisputed leader in terms of experiencing the highest growth in petroleum gas export value 1149 percent) in the Central and Eastern European region. At the same time, Ukraine witnessed the highest decrease in petroleum gas export value, decreasing by almost **** percent.

In 2022, the pharmaceutical sector exhibited the highest trade deficit within Argentina's chemical industry at 4.5 billion euros. No sectors within Argentina's chemical industry were able to achieve a trade surplus that year, with both inorganic chemicals and petrochemicals also showing trade deficits of 3.6 billion euros and three billion euros, respectively.

Russian fuel and energy exports reached nearly 167 billion U.S. dollars in 2020, after segments experienced a decline compared to 2019. The largest contributor to the export value was crude oil, at 72.4 billion U.S. dollars. The export trade in petroleum products was worth over 45 billion U.S. dollars.