Overview In January 2022 United States' Crude Petroleum exports accounted up to $7.53B and imports accounted up to $13.5B, resulting in a negative trade balance of $5.97B. Between January 2021 and January 2022 the exports of United States' Crude Petroleum have increased by $2.84B (60.7%) from $4.68B to $7.53B, while imports increased by $6.23B (85.8%) from $7.26B to $13.5B.
Destinations In January 2022, Crude Petroleum were exported mostly to India ($1.24B), South Korea ($911M), Singapore ($846M), Canada ($720M), and France ($614M), and were imported mostly from Canada ($7.81B), Mexico ($1.47B), Saudi Arabia ($1.11B), Iraq ($514M), and Colombia ($472M).
Growth In January 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to India ($229M or 51.7%), Panama ($43.4M or 163%), and Spain ($35M or 29.9%). In January 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Nigeria ($77M or 69.1%), Norway ($43.6M or 3.41k%), and Ghana ($37.2M or 56.1%).