2023
Exports
$348BWorld Rnk 1 / 219
Flag Rnk 1 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$266BWorld Rnk 2 / 226
Flag Rnk 4 / 96
2023
ECONOMIC COMPLEXITY of United States
1.5Rnk 10 / 132

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

Subnational Monthly Trade

Time Scale
Flow
Color
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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Historical Data

Trade Balance

Color
EXPORTS (2023)$348B
IMPORTS (2023)$266B
NET TRADE (2023)$82.4B

In 2023, United States exported $348B in Mineral fuels, mineral oils and products of their distillation. The main destinations of United States exports on Mineral fuels, mineral oils and products of their distillation were Mexico ($39.3B), Canada ($29.8B), China ($23.6B), Netherlands ($21.9B), and United Kingdom ($17.6B).

In 2023, United States imported $266B in Mineral fuels, mineral oils and products of their distillation, mainly from Canada ($131B), Mexico ($25.2B), Saudi Arabia ($14.1B), Iraq ($8.91B), and Brazil ($7.44B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR United States WERE (2022 - 2023):
China$9.45B (66.7%)
Germany$5.97B (84.7%)
Italy$2.56B (45.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY United States WERE (2022 - 2023):
Mexico-$16.9B (-30%)
Brazil-$11.1B (-52.7%)
South Korea-$10.1B (-37.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2023, United States's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:
China $490B
India $222B

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $8.44B
TOP IMPORT POTENTIALSaudi Arabia+ $5.07B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is China. With an export gap of $8.44B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Saudi Arabia with an import gap of $5.07B.

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