HS Icon Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in  Flag United States

2020
Exports | Imports
: $158B | $119B, World Rnk 2 / 216
Flag Rnk 2 / 96 | World Rnk 2 / 224
Flag Rnk 5 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.04B | $578M, China |  Guyana


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


PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...
: -2.55, Rnk 96 / 96

Exports In 2020, United States exported $158B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., making it the 2nd largest exporter of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 2nd most exported product in United States. The main destination of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... exports from United States are: Mexico ($23.8B), Canada ($15.7B), South Korea ($9.84B), China ($9.84B), and Brazil ($8.75B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... of United States between 2019 and 2020 were China ($6.04B), Germany ($2.93B), and Italy ($745M).

Imports In 2020, United States imported $119B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., becoming the 2nd largest importer of Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... in the world. At the same year, Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... was the 5th most imported product in United States. United States imports Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... primarily from: Canada ($62B), Mexico ($9.39B), Saudi Arabia ($7.03B), Russia ($5.75B), and Colombia ($4.08B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... for United States between 2019 and 2020 were Guyana ($578M), Malaysia ($150M), and Sweden ($101M).

Tariffs In 2017, the average tariff for United States in Mineral fuels, mineral oils and products of their... was 1.06%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were North Korea (Most Favoured Nation duty rate treatement, 6.19%), Cuba (Most Favoured Nation duty rate treatement, 6.19%), Equatorial Guinea (Most Favoured Nation duty rate treatement, 1.58%), Libya (Most Favoured Nation duty rate treatement, 1.58%), and Mayotte (Most Favoured Nation duty rate treatement, 1.58%).

May 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2021 - May 2022): $16.7B, (92.7%)

IMPORT GROWTH (May 2021 - May 2022): $12.5B, (70.2%)

MAIN EXPORTER (May 2022): Texas, $23.5B

MAIN DESTINATION (May 2022): Mexico, $6.07B

This section shows Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral...'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 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... over time.

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Historical Data

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EXPORTS (2020): $158B

IMPORTS (2020): $119B

NET TRADE (2020): $39.4B

In 2020, United States exported $158B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral.... The main destinations of United States exports on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were Mexico ($23.8B), Canada ($15.7B), South Korea ($9.84B), China ($9.84B), and Brazil ($8.75B).

In 2020, United States imported $119B in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral..., mainly from Canada ($62B), Mexico ($9.39B), Saudi Arabia ($7.03B), Russia ($5.75B), and Colombia ($4.08B).

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IN 2020, United States HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

IN 2020, United States HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... 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 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

In 2019, United States's main importing competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:

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