Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes in United States 2020 Exports | Imports : $158B | $119B, World Rnk 2 / 216 Rnk 2 / 96 | World Rnk 2 / 224 Rnk 5 / 96
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $6.04B | $578M, China | Guyana
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
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%).
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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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).
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:
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):
In 2019, United States's main exporting competitors in Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral... were:
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