Overview In May 2022 United States' Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes exports accounted up to $34.7B and imports accounted up to $30.3B, resulting in a positive trade balance of $4.43B. Between May 2021 and May 2022 the exports of United States' Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes have increased by $16.7B (92.7%) from $18B to $34.7B, while imports increased by $12.5B (70.2%) from $17.8B to $30.3B.
Destinations In May 2022, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes were exported mostly to Mexico ($6.07B), Canada ($2.83B), Netherlands ($1.91B), United Kingdom ($1.8B), and South Korea ($1.68B), and were imported mostly from Canada ($14.5B), Mexico ($2.91B), Saudi Arabia ($2.12B), Colombia ($1.04B), and Iraq ($956M).
Growth In May 2022, the increase in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes's year-by-year exports was explained primarily by an increase in exports to China ($1.15B or 3.15k%), Japan ($411M or 53.2%), and India ($334M or 50.3%). In May 2022, the increase in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes's year-by-year imports was explained primarily by an increase in imports from Oman ($75.7M or 61.1k%), United Arab Emirates ($52.9M or 238%), and Italy ($49.4M or 93.4%).