Mineral fuels, mineral oils and products of their distillation in United States

2019
Exports | Imports
: $198B | $193B, World Rnk 2 / 218
Flag Rnk 2 / 96 | World Rnk 2 / 225
Flag Rnk 4 / 96

2019
Destination | Origin
: $34.4B | $89B, Mexico | Canada

2018 - 2019
FASTEST GROWING MARKET |  FASTEST GROWING ORIGIN
: $3.42B | $2.09B, South Korea |  Russia

2019
ECONOMIC COMPLEXITY of United States
: 1.64, Rnk 9 / 157

2019
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation
: -2.45, Rnk 96 / 96

Exports: In 2019, United States exported $198B in Mineral fuels, mineral oils and products of their distillation, making it the 2nd largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in United States. The main destination of Mineral fuels, mineral oils and products of their distillation exports from United States are: Mexico ($34.4B), Canada ($23.8B), South Korea ($13.6B), Brazil ($11.3B), and Netherlands ($9.86B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of United States between 2018 and 2019 were South Korea ($3.42B), India ($2.19B), and Netherlands ($2.07B).

Imports: In 2019, United States imported $193B in Mineral fuels, mineral oils and products of their distillation, becoming the 2nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 4th most imported product in United States. United States imports Mineral fuels, mineral oils and products of their distillation primarily from: Canada ($89B), Mexico ($12.5B), Saudi Arabia ($11B), Colombia ($7.42B), and Russia ($7.39B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for United States between 2018 and 2019 were Russia ($2.09B), Netherlands ($1.38B), and Brazil ($1.03B).

Tariffs: In 2017, the average tariff for United States in Mineral fuels, mineral oils and products of their... was 0.88%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were North Korea (6.19%), Cuba (6.19%), Equatorial Guinea (1.58%), Libya (1.58%), and Mayotte (1.58%).

Overview: In January 2021 United States' Mineral fuels, mineral oils and products of their distillation exports accounted up to $15.4B and imports accounted up to $12.1B, resulting in a positive trade balance of $3.34B. Between January 2020 and January 2021 the exports of United States'   Mineral fuels, mineral oils and products of their distillation have decreased by $-2.61B (-14.5%) from $18B to $15.4B, while imports decreased by $-3.88B (-24.3%) from $15.9B to $12.1B.

Destinations: In January 2021 Mineral fuels, mineral oils and products of their distillation exported mostly to Mexico ($2.31B), Canada ($1.4B), China ($1.19B), Japan ($1.18B), and South Korea ($1.13B), and imported mostly from Canada ($6.07B), Russia ($1.19B), Mexico ($1.09B), Colombia ($376M), and Saudi Arabia ($362M).

Growth: In January 2021, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Canada ($-1.15B or -45.2%), Mexico ($-561M or -19.6%), and Netherlands ($-548M or -54.4%). In January 2021, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Canada ($-1.67B or -21.5%), Saudi Arabia ($-557M or -60.6%), and Colombia ($-380M or -50.3%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (January 2020 - January 2021): $-2.61B, (-14.5%)

IMPORT GROWTH (January 2020 - January 2021): $-3.88B, (-24.3%)

MAIN EXPORTER (January 2021): Texas, $10.4B

MAIN DESTINATION (January 2021): Mexico, $2.31B

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

Value

EXPORTS (2019): $198B

IMPORTS (2019): $193B

NET TRADE (2019): $5.78B

In 2019, United States exported $198B in Mineral fuels, mineral oils and products of their distillation. The main destinations of United States exports on Mineral fuels, mineral oils and products of their distillation were Mexico ($34.4B), Canada ($23.8B), South Korea ($13.6B), Brazil ($11.3B), and Netherlands ($9.86B).

In 2019, United States imported $193B in Mineral fuels, mineral oils and products of their distillation, mainly from Canada ($89B), Mexico ($12.5B), Saudi Arabia ($11B), Colombia ($7.42B), and Russia ($7.39B).

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IN 2019, United States HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

IN 2019, United States HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR United States WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY United States WERE (2018 - 2019):

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Market Concentration

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Type

In 2018, United States's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:

In 2018, United States's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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