Overview In July 2022 United States' Crude Petroleum exports accounted up to $11.4B and imports accounted up to $20.2B, resulting in a negative trade balance of $8.78B. Between July 2021 and July 2022 the exports of United States' Crude Petroleum have increased by $5.7B (100%) from $5.69B to $11.4B, while imports increased by $7.79B (62.9%) from $12.4B to $20.2B.
Destinations In July 2022, Crude Petroleum were exported mostly to Canada ($1.39B), Netherlands ($1.3B), United Kingdom ($1.06B), South Korea ($1.02B), and Italy ($984M), and were imported mostly from Canada ($11.2B), Mexico ($2.3B), Saudi Arabia ($1.64B), Iraq ($1.18B), and Colombia ($907M).
Growth In July 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to India ($229M or 51.7%), Panama ($43.4M or 163%), and Spain ($35M or 29.9%). In July 2022, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from Nigeria ($77M or 69.1%), Norway ($43.6M or 3.41k%), and Ghana ($37.2M or 56.1%).