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

About

Exports In 2022, United States exported $411B 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 ($56.3B), Canada ($34.8B), Netherlands ($24.5B), United Kingdom ($23.5B), and South Korea ($23B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of United States between 2021 and 2022 were United Kingdom ($15.5B), Mexico ($14.9B), and Netherlands ($13B).

Imports In 2022, United States imported $318B 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 3rd most imported product in United States. United States imports Mineral fuels, mineral oils and products of their distillation primarily from: Canada ($164B), Mexico ($26.8B), Saudi Arabia ($21.3B), Iraq ($10.3B), and Colombia ($7.54B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for United States between 2021 and 2022 were Canada ($54.7B), Mexico ($18.9B), and Saudi Arabia ($9.97B).

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

August 2024

About

Overview In August 2024 United States' Mineral fuels, mineral oils and products of their distillation exports accounted up to $27.1B and imports accounted up to $20.9B, resulting in a positive trade balance of $6.25B. Between August 2023 and August 2024 the exports of United States' Mineral fuels, mineral oils and products of their distillation have increased by $128M (0.47%) from $27B to $27.1B, while imports decreased by $-2.25B (-9.72%) from $23.1B to $20.9B.

Destinations In August 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Mexico ($3.54B), Netherlands ($3.5B), Canada ($2.22B), South Korea ($1.87B), and United Kingdom ($1.29B), and were imported mostly from Canada ($10.6B), Mexico ($1.22B), Saudi Arabia ($933M), Brazil ($925M), and Iraq ($635M).

Growth In August 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by an increase in exports to Netherlands ($1.54B or 205%), Mexico ($815M or 24.2%), and China ($561M or 64.3%). In August 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from Russia ($-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 (August 2023 - August 2024)$128M(0.47%)

IMPORT GROWTH (August 2023 - August 2024)$-2.25B(-9.72%)

MAIN EXPORTER (August 2024)Texas$18.9B

MAIN DESTINATION (August 2024)Mexico$3.54B

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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