Overview: In July 2020 United States' Crude Petroleum exports accounted up to $4.08B and imports accounted up to $5.71B, resulting in a negative trade balance of $1.63B. Between July 2019 and July 2020 the exports of United States' Crude Petroleum have decreased by $-1.01B (-19.8%) from $5.09B to $4.08B, while imports decreased by $-6.38B (-52.8%) from $12.1B to $5.71B.
Destinations: In July 2020 Crude Petroleum exported mostly to China ($730M), Canada ($527M), South Korea ($409M), Netherlands ($398M), and United Kingdom ($277M), and imported mostly from Canada ($3.3B), Mexico ($731M), Saudi Arabia ($449M), Colombia ($316M), and Iraq ($140M).
Growth: In July 2020, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to South Korea ($-855M or -81.7%), Canada ($-329M or -54.6%), and Netherlands ($-285M or -57.7%). In July 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Canada ($-3.56B or -63.9%), Colombia ($-502M or -67.6%), and Iraq ($-478M or -84%).