Overview: In July 2020 United States' Refined Petroleum exports accounted up to $4.41B and imports accounted up to $2.78B, resulting in a positive trade balance of $1.63B. Between July 2019 and July 2020 the exports of United States' Refined Petroleum have decreased by $-2.66B (-37.7%) from $7.07B to $4.41B, while imports decreased by $-3.21B (-53.6%) from $5.99B to $2.78B.
Destinations: In July 2020 Refined Petroleum exported mostly to Mexico ($959M), Canada ($416M), Brazil ($312M), Chile ($166M), and Netherlands ($145M), and imported mostly from Russia ($542M), Canada ($368M), India ($183M), Brazil ($166M), and Singapore ($122M).
Growth: In July 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Mexico ($-1.03B or -51.7%), Brazil ($-415M or -57.1%), and Canada ($-412M or -49.8%). In July 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Canada ($-591M or -61.6%), Russia ($-286M or -34.5%), and Algeria ($-254M or -96.7%).