Exports In 2020, United States exported $58.4B 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 ($16.8B), Canada ($6.59B), Brazil ($5.94B), Panama ($2.4B), and Chile ($2.39B).
The fastest growing export markets for Refined Petroleum of United States between 2019 and 2020 were Germany ($401M), Ecuador ($258M), and South Korea ($209M).
Imports In 2020, United States imported $31B in Refined Petroleum, becoming the 1st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in United States. United States imports Refined Petroleum primarily from: Canada ($6.65B), Russia ($4.62B), South Korea ($2.37B), Netherlands ($1.92B), and India ($1.63B).
The fastest growing import markets in Refined Petroleum for United States between 2019 and 2020 were Malaysia ($167M), Sweden ($118M), and Singapore ($66.8M).
Tariffs In 2019, the average tariff for United States in Refined Petroleum was 5.3%. The countries with the highest import tariffs for Refined Petroleum were Burundi (Most Favoured Nation duty rate treatement, 7.83%), Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 7.83%), Somalia (Most Favoured Nation duty rate treatement, 7.83%), South Sudan (Most Favoured Nation duty rate treatement, 7.83%), and Afghanistan (Most Favoured Nation duty rate treatement, 7.83%).