HS Icon Crude Petroleum in  Flag United States

2020
Exports | Imports
: $52.3B | $75.1B, World Rnk 3 / 132
Flag Rnk 2 / 1217 | World Rnk 2 / 145
Flag Rnk 5 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.75B | $578M, China |  Guyana


ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127


PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.82, Rnk 1028 / 1028

Exports In 2020, United States exported $52.3B in Crude Petroleum, making it the 3rd 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: China ($6.68B), Canada ($6.28B), South Korea ($4.88B), India ($4.12B), and Netherlands ($4.12B).

The fastest growing export markets for Crude Petroleum of United States between 2019 and 2020 were China ($3.75B), Germany ($2.68B), and Italy ($957M).

Imports In 2020, United States imported $75.1B in Crude Petroleum, becoming the 2nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in United States. United States imports Crude Petroleum primarily from: Canada ($45.4B), Mexico ($8.16B), Saudi Arabia ($6.59B), Iraq ($2.82B), and Colombia ($2.67B).

The fastest growing import markets in Crude Petroleum for United States between 2019 and 2020 were Guyana ($578M), Cameroon ($124M), and Sudan ($60.2M).

May 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2021 - May 2022): $5.25B, (102%)

IMPORT GROWTH (May 2021 - May 2022): $8.3B, (79.4%)

MAIN EXPORTER (May 2022): Texas, $10.1B

MAIN DESTINATION (May 2022): United Kingdom, $1.38B

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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EXPORTS (2020): $52.3B

IMPORTS (2020): $75.1B

NET TRADE (2020): -$22.8B

In 2020, United States exported $52.3B in Crude Petroleum. The main destinations of United States exports on Crude Petroleum were China ($6.68B), Canada ($6.28B), South Korea ($4.88B), India ($4.12B), and Netherlands ($4.12B).

In 2020, United States imported $75.1B in Crude Petroleum, mainly from Canada ($45.4B), Mexico ($8.16B), Saudi Arabia ($6.59B), Iraq ($2.82B), and Colombia ($2.67B).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United States WERE (2019 - 2020):

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Market Concentration

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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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