Us imports how much of its oil

Source: U. Energy Information Administration. Add Comment. Connect with World Oil. Ransomware and US Energy Companies. The Digital Divide: Electric utilities to the rescue? From our sister publication: The Pennsylvania Business Report, Natural gas in the time of a pandemic. How Marcellus Shale drillers are faring in challenging times. Please review our Privacy Policy before submitting. Also in , the United States produced 2 about Even though in , total U. The United States remained a net crude oil importer in , importing nearly 5.

However, some of the crude oil that the U. Also, some of imported petroleum may be stored and subsequently exported. The United States imported about 7. These were the lowest levels of imports of total petroleum and of crude oil since After generally increasing every year from through , U. Increases in domestic petroleum production and in petroleum exports helped to reduce total annual petroleum net imports every year except one since In , annual petroleum net imports were actually negative at Click to enlarge.

Since , the share of U. Saudi Arabia is also the largest source of U. Petroleum imports from Canada increased significantly since the s, and Canada is now the largest single source of U. Because of logistical, regulatory, and quality considerations, exporting some petroleum is the most economical way to meet the market's needs. For example, refiners in the U. Gulf Coast region frequently find that it makes economic sense to export some of their gasoline to Mexico rather than shipping it to the U.

The top five exported HS 6 digit level products to world by United States along with trade value are : United States exported Petroleum oils, etc, excl.

United States imported Petroleum oils, etc, excl. United States top 5 Export and Import partners United States Trade Indicators Hirschman Herfindahl Market concentration index is 0. Index of export market penetration is 0. World Growth in percentage is 0. Tariffs