HS Icon Crude Petroleum in  Flag United States

2019
Exports | Imports
: $61.9B | $123B, World Rnk 5 / 135
Flag Rnk 2 / 1217 | World Rnk 2 / 156
Flag Rnk 2 / 1215

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.69B | $2.09B, South Korea |  Canada

2019
ECONOMIC COMPLEXITY of United States
: 1.59, Rnk 9 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports In 2019, United States exported $61.9B in Crude Petroleum, making it the 5th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in United States. The main destination of Crude Petroleum exports from United States are: Canada ($9.82B), South Korea ($8.81B), Netherlands ($5.36B), India ($5.36B), and United Kingdom ($5.14B).

The fastest growing export markets for Crude Petroleum of United States between 2018 and 2019 were South Korea ($3.69B), Netherlands ($2.57B), and India ($1.99B).

Imports In 2019, United States imported $123B in Crude Petroleum, becoming the 2nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most imported product in United States. United States imports Crude Petroleum primarily from: Canada ($65.4B), Mexico ($11.2B), Saudi Arabia ($10.1B), Iraq ($6.19B), and Colombia ($4.91B).

The fastest growing import markets in Crude Petroleum for United States between 2018 and 2019 were Canada ($2.09B), Russia ($1.26B), and Trinidad and Tobago ($624M).

July 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2020 - July 2021): $1.6B, (39.3%)

IMPORT GROWTH (July 2020 - July 2021): $6.67B, (117%)

MAIN EXPORTER (July 2021): Texas, $5.3B

MAIN DESTINATION (July 2021): South Korea, $1.08B

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.

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Historical Data

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Value
Compare to

EXPORTS (2019): $61.9B

IMPORTS (2019): $123B

NET TRADE (2019): -$60.6B

In 2019, United States exported $61.9B in Crude Petroleum. The main destinations of United States exports on Crude Petroleum were Canada ($9.82B), South Korea ($8.81B), Netherlands ($5.36B), India ($5.36B), and United Kingdom ($5.14B).

In 2019, United States imported $123B in Crude Petroleum, mainly from Canada ($65.4B), Mexico ($11.2B), Saudi Arabia ($10.1B), Iraq ($6.19B), and Colombia ($4.91B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United States WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2019, United States's main exporting competitors in Crude Petroleum were:

In 2019, United States's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2017, the tariffs for Crude Petroleum in the imports of United States were of 0% around the world.