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

About

Exports In 2023, United States exported $348B in Mineral fuels, mineral oils and products of their distillation, making it the 1st 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 1st 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 ($39.3B), Canada ($29.8B), China ($23.6B), Netherlands ($21.9B), and United Kingdom ($17.6B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of United States between 2022 and 2023 were China ($9.45B), Germany ($5.97B), and Italy ($2.56B).

Imports In 2023, United States imported $266B 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 ($131B), Mexico ($25.2B), Saudi Arabia ($14.1B), Iraq ($8.91B), and Brazil ($7.44B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for United States between 2022 and 2023 were Venezuela ($3.47B), Nigeria ($1.39B), and India ($1.12B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (7.46k), TE Connectivity (389), and Walong Marketing (220) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Mineral fuels, mineral oils and products of their distillation exports accounted up to $27B and imports accounted up to $17.3B, resulting in a positive trade balance of $9.64B. Between November 2023 and November 2024 the exports of United States' Mineral fuels, mineral oils and products of their distillation have decreased by $-125M (-0.46%) from $27.1B to $27B, while imports decreased by $-4.18B (-19.4%) from $21.5B to $17.3B.

Destinations In November 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Mexico ($3.35B), Netherlands ($3.15B), Canada ($2.21B), South Korea ($1.38B), and United Kingdom ($1.33B), and were imported mostly from Canada ($9.15B), Mexico ($1.24B), Brazil ($839M), Iraq ($691M), and Colombia ($625M).

Growth In November 2024, 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 India ($-971M or -62.4%), Brazil ($-367M or -34%), and Spain ($-229M or -25.6%). In November 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Russia ($-724M or -100%), Canada ($-384M or -3.21%), and Trinidad and Tobago ($-224M or -58.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)$-125M(-0.46%)

IMPORT GROWTH (November 2023 - November 2024)$-4.18B(-19.4%)

MAIN EXPORTER (November 2024)Texas$18.9B

MAIN DESTINATION (November 2024)Mexico$3.35B

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.

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