2022
Exports
$118BWorld Rnk 4 / 149
Flag Rnk 2 / 1217
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$199BWorld Rnk 2 / 158
Flag Rnk 1 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $118B in Crude Petroleum, making it the 4th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 2nd most exported product in United States. The main destination of Crude Petroleum exports from United States are: South Korea ($13.2B), Canada ($11.8B), United Kingdom ($11.4B), Netherlands ($11.3B), and India ($10.8B).

The fastest growing export markets for Crude Petroleum of United States between 2021 and 2022 were Singapore ($6.58B), United Kingdom ($5.88B), and Netherlands ($4.73B).

Imports In 2022, United States imported $199B in Crude Petroleum, becoming the 2nd largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in United States. United States imports Crude Petroleum primarily from: Canada ($117B), Mexico ($21.2B), Saudi Arabia ($16.6B), Iraq ($7.87B), and Colombia ($6.05B).

The fastest growing import markets in Crude Petroleum for United States between 2021 and 2022 were Canada ($37.6B), Mexico ($16.2B), and Saudi Arabia ($7.61B).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-2.26B(-21.2%)
IMPORT GROWTH (September 2023 - September 2024)$-1.18B(-7.95%)
MAIN EXPORTER (September 2024)Texas$10.1B
MAIN DESTINATION (September 2024)Netherlands$1.39B

This section shows Crude 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 Crude Petroleum over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$118B
IMPORTS (2022)$199B
NET TRADE (2022)-$80.2B

In 2022, United States exported $118B in Crude Petroleum. The main destinations of United States exports on Crude Petroleum were South Korea ($13.2B), Canada ($11.8B), United Kingdom ($11.4B), Netherlands ($11.3B), and India ($10.8B).

In 2022, United States imported $199B in Crude Petroleum, mainly from Canada ($117B), Mexico ($21.2B), Saudi Arabia ($16.6B), Iraq ($7.87B), and Colombia ($6.05B).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR United States WERE (2021 - 2022):
Singapore$6.58B (220%)
United Kingdom$5.88B (107%)
Netherlands$4.73B (71.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY United States WERE (2021 - 2022):
Chile-$314M (-81%)
Norway-$284M (-40.6%)
Israel-$197M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Crude Petroleum were:
In 2022, United States's main importing competitors in Crude Petroleum were:
China $287B
India $170B

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.7B
TOP IMPORT POTENTIALIraq+ $3.44B

Crude Petroleum’s highest export potential is China. With an export gap of $4.7B.   Crude Petroleum’s highest import potential is Iraq with an import gap of $3.44B.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with