Overview In July 2021 United States' Crude Petroleum exports accounted up to $5.69B and imports accounted up to $12.4B, resulting in a negative trade balance of $6.7B. Between July 2020 and July 2021 the exports of United States' Crude Petroleum have increased by $1.6B (39.3%) from $4.08B to $5.69B, while imports increased by $6.67B (117%) from $5.71B to $12.4B.
Destinations In July 2021, Crude Petroleum were exported mostly to South Korea ($1.08B), India ($834M), Canada ($679M), Netherlands ($644M), and United Kingdom ($373M), and were imported mostly from Canada ($6.6B), Mexico ($1.41B), Saudi Arabia ($807M), Russia ($693M), and Iraq ($412M).
Growth In July 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to South Korea ($676M or 165%), India ($598M or 254%), and Netherlands ($246M or 61.9%). In July 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Canada ($3.3B or 100%), Mexico ($679M or 92.8%), and Russia ($611M or 741%).