Overview: In October 2020 United States' Crude Petroleum exports accounted up to $3.68B and imports accounted up to $5.95B, resulting in a negative trade balance of $2.26B. Between October 2019 and October 2020 the exports of United States' Crude Petroleum have decreased by $-2.53B (-40.7%) from $6.21B to $3.68B, while imports decreased by $-3.86B (-39.4%) from $9.81B to $5.95B.
Growth: In October 2020, the decrease in Crude Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands ($-487M or -61.9%), South Korea ($-475M or -66.4%), and Canada ($-387M or -42.9%). In October 2020, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Canada ($-2.05B or -36.7%), Saudi Arabia ($-391M or -54.1%), and Mexico ($-271M or -31.1%).
This section shows Crude Petroleum's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Crude Petroleum over time.
This section shows forecasts for total exports and imports, for Crude Petroleum in United States. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.