2021
Exports | Imports
$83.3B | $62.8BWorld Rnk 1 / 218
Flag Rnk 1 / 1216
World Rnk 1 / 226
Flag Rnk 7 / 1215
2021
ECONOMIC COMPLEXITY of United States
1.46Rnk 10 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, United States exported $83.3B in Refined Petroleum, making it the 1st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in United States. The main destination of Refined Petroleum exports from United States are: Mexico ($25.9B), Canada ($10.1B), Brazil ($7.58B), Chile ($4.18B), and Peru ($3.21B).

The fastest growing export markets for Refined Petroleum of United States between 2020 and 2021 were Mexico ($8.99B), Canada ($3.49B), and Chile ($1.75B).

Imports In 2021, United States imported $62.8B in Refined Petroleum, becoming the 1st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in United States. United States imports Refined Petroleum primarily from: Russia ($13.2B), Canada ($10.3B), South Korea ($4.43B), Netherlands ($4.19B), and India ($3.56B).

The fastest growing import markets in Refined Petroleum for United States between 2020 and 2021 were Russia ($8.59B), Canada ($3.64B), and Netherlands ($2.27B).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)$-1.1B(-10.2%)
IMPORT GROWTH (November 2022 - November 2023)$-1.76B(-28.3%)
MAIN EXPORTER (November 2023)Texas$6.31B
MAIN DESTINATION (November 2023)Mexico$2.8B

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$83.3B
IMPORTS (2021)$62.8B
NET TRADE (2021)$20.5B

In 2021, United States exported $83.3B in Refined Petroleum. The main destinations of United States exports on Refined Petroleum were Mexico ($25.9B), Canada ($10.1B), Brazil ($7.58B), Chile ($4.18B), and Peru ($3.21B).

In 2021, United States imported $62.8B in Refined Petroleum, mainly from Russia ($13.2B), Canada ($10.3B), South Korea ($4.43B), Netherlands ($4.19B), and India ($3.56B).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR United States WERE (2020 - 2021):
Mexico$8.99B (53.3%)
Canada$3.49B (53%)
Chile$1.75B (71.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United States WERE (2020 - 2021):
Morocco-$265M (-79.7%)
Gibraltar-$195M (-29.2%)
Spain-$190M (-63.4%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, United States's main exporting competitors in Refined Petroleum were:
Russia $81.8B
In 2021, United States's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

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