Overview: In August 2020 United States' Crude Petroleum exports accounted up to $4.2B and imports accounted up to $6.37B, resulting in a negative trade balance of $2.16B. Between August 2019 and August 2020 the exports of United States' Crude Petroleum have decreased by $-798M (-15.9%) from $5B to $4.2B, while imports decreased by $-4.52B (-41.5%) from $10.9B to $6.37B.
Destinations: In August 2020 Crude Petroleum exported mostly to China ($757M), Canada ($419M), South Korea ($414M), Netherlands ($387M), and United Kingdom ($343M), and imported mostly from Canada ($3.57B), Mexico ($821M), Saudi Arabia ($460M), Ecuador ($312M), and Iraq ($264M).
Growth: In August 2020, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to Canada ($-450M or -51.8%), South Korea ($-412M or -49.9%), and India ($-200M or -51.4%). In August 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.78B or -33.2%), Nigeria ($-506M or -80.3%), and Mexico ($-345M or -29.6%).