HS Icon Refined Petroleum in  Flag United States

2020
Exports | Imports
: $58.4B | $31B, World Rnk 1 / 212
Flag Rnk 1 / 1217 | World Rnk 1 / 224
Flag Rnk 10 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $401M | $167M, Germany |  Malaysia

2020
ECONOMIC COMPLEXITY of United States
: 1.56, Rnk 9 / 127

2020
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.94, Rnk 822 / 1029

Exports In 2020, United States exported $58.4B in Refined Petroleum, making it the 1st largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in United States. The main destination of Refined Petroleum exports from United States are: Mexico ($16.8B), Canada ($6.59B), Brazil ($5.94B), Panama ($2.4B), and Chile ($2.39B).

The fastest growing export markets for Refined Petroleum of United States between 2019 and 2020 were Germany ($401M), Ecuador ($258M), and South Korea ($209M).

Imports In 2020, United States imported $31B in Refined Petroleum, becoming the 1st largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 10th most imported product in United States. United States imports Refined Petroleum primarily from: Canada ($6.65B), Russia ($4.62B), South Korea ($2.37B), Netherlands ($1.92B), and India ($1.63B).

The fastest growing import markets in Refined Petroleum for United States between 2019 and 2020 were Malaysia ($167M), Sweden ($118M), and Singapore ($66.8M).

July 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (July 2021 - July 2022): $5.27B, (66.7%)

IMPORT GROWTH (July 2021 - July 2022): $2.55B, (44.4%)

MAIN EXPORTER (July 2022): Texas, $7.81B

MAIN DESTINATION (July 2022): Mexico, $3.36B

This section shows Refined 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 Refined Petroleum over time.

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Historical Data

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EXPORTS (2020): $58.4B

IMPORTS (2020): $31B

NET TRADE (2020): $27.4B

In 2020, United States exported $58.4B in Refined Petroleum. The main destinations of United States exports on Refined Petroleum were Mexico ($16.8B), Canada ($6.59B), Brazil ($5.94B), Panama ($2.4B), and Chile ($2.39B).

In 2020, United States imported $31B in Refined Petroleum, mainly from Canada ($6.65B), Russia ($4.62B), South Korea ($2.37B), Netherlands ($1.92B), and India ($1.63B).

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Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR United States WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY United States WERE (2019 - 2020):

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Market Concentration

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In 2020, United States's main exporting competitors in Refined Petroleum were:

In 2020, United States's main importing competitors in Refined Petroleum were:

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