2021
Exports | Imports
$67.6B | $120BWorld Rnk 5 / 147
Flag Rnk 3 / 1216
World Rnk 2 / 163
Flag Rnk 2 / 1215
2021
ECONOMIC COMPLEXITY of United States
1.46Rnk 10 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, United States exported $67.6B in Crude Petroleum, making it the 5th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 3rd most exported product in United States. The main destination of Crude Petroleum exports from United States are: India ($9.68B), South Korea ($8.05B), Canada ($7.36B), Netherlands ($6.46B), and China ($5.85B).

The fastest growing export markets for Crude Petroleum of United States between 2020 and 2021 were India ($5.57B), South Korea ($3.17B), and Netherlands ($2.34B).

Imports In 2021, United States imported $120B 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 ($78.8B), Saudi Arabia ($7.76B), Mexico ($4.36B), Russia ($3.77B), and Colombia ($3.35B).

The fastest growing import markets in Crude Petroleum for United States between 2020 and 2021 were Canada ($33.5B), Russia ($2.8B), and Brazil ($1.72B).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)$-568M(-5.45%)
IMPORT GROWTH (November 2022 - November 2023)$929M(6.37%)
MAIN EXPORTER (November 2023)Texas$9.9B
MAIN DESTINATION (November 2023)Netherlands$1.41B

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2021)$67.6B
IMPORTS (2021)$120B
NET TRADE (2021)-$52.6B

In 2021, United States exported $67.6B in Crude Petroleum. The main destinations of United States exports on Crude Petroleum were India ($9.68B), South Korea ($8.05B), Canada ($7.36B), Netherlands ($6.46B), and China ($5.85B).

In 2021, United States imported $120B in Crude Petroleum, mainly from Canada ($78.8B), Saudi Arabia ($7.76B), Mexico ($4.36B), Russia ($3.77B), and Colombia ($3.35B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United States WERE (2020 - 2021):
India$5.57B (136%)
South Korea$3.17B (64.9%)
Netherlands$2.34B (56.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United States WERE (2020 - 2021):
Germany-$1.59B (-47%)
China-$841M (-12.6%)
Italy-$640M (-29.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United States's main exporting competitors in Crude Petroleum were:
In 2021, United States's main importing competitors in Crude Petroleum were:
China $208B
India $93.5B

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with