US Crude Oil Imports by Supplier Countries

Oil in water conceptual

Oil in water conceptual

The United States of America imported US$139.1 billion worth of crude oil from a total 50 global trade partners.

The global value for all US import purchases of crude oil in 2017 declined by -50.2% since 2013 but a 23.4% increase from 2016 to 2017.

Among countries, Canada furnished almost two-fifths (38.3%) of America’s imported crude oil while Saudi Arabia supplied 13.1% worth. Crude oil delivered to the US from Middle Eastern nations was valued at $32.9 billion in 2017, down by -57.8% compared to 2013 and still well behind American imports of crude oil from Canada during 2017.

Countries Exporting Crude Oil to America

Top 15

America’s top 15 suppliers of crude oil in 2017 generated 96.6% of US purchases from foreign markets, with almost three-quarters (64.1%) of the overall value coming from Canada, Japan and Mexico.

  1. Canada: US$53.3 billion (38.3% of total US imported crude oil)
  2. Saudi Arabia: $18.2 billion (13.1%)
  3. Iraq: $11.1 billion (8%)
  4. Venezuela: $10.7 billion (7.7%)
  5. Mexico: $10 billion (7.2%)
  6. Colombia: $6.7 billion (4.8%)
  7. Nigeria: $6.5 billion (4.7%)
  8. Ecuador: $4.1 billion (2.9%)
  9. Brazil: $4 billion (2.8%)
  10. Kuwait: $2.8 billion (2%)
  11. Angola: $2.5 billion (1.8%)
  12. Algeria: $1.4 billion (1%)
  13. Libya: $1.3 billion (0.9%)
  14. Russia: $1 billion (0.72%)
  15. Norway: $923.3 million (0.66%)

Only two among these top suppliers posted increases in the value of their crude oil exports to America since 2013, namely Norway via its 60.9% gain and Algeria with its modest 1.8% uptick.

Leading the decliners over the 5-year period were: Kuwait (down -77.7%), Angola (down -70.1%) and Mexico (down -69%).

America’s three leading providers also experienced significant downturns in their sales of crude oil to the US: Canada (down -32.1%), Saudi Arabia (down -66.7%) and Iraq (down -18.1%).

Deficit Creators

America is a modest producer and seller of its own crude oil on international markets. In 2017, the United States shipped $21.8 billion worth of crude oil to its trade partners. American revenues from its exported crude oil are less than one-sixth of the $139.1 billion that the US spent on imported crude oil.

Overall, the US product category trade deficit for crude oil was -$117.2 billion. That amount of red ink reflects a -57.3% reduction from -$274.4 billion during 2013.

Below you will find the 15 countries that caused America’s highest negative subtotals from buying and selling crude oil on international markets in 2017.

  1. Canada: -US$47.2 billion (product deficit down -35.8% since 2013)
  2. Saudi Arabia: -$18.2 billion (down -64.7%)
  3. Iraq: -$11.1 billion (down -18%)
  4. Venezuela: -$10.7 billion (down -61.8%)
  5. Mexico: -$10 billion (down -69.0%)
  6. Nigeria: -$6.5 billion (down -36.1%)
  7. Colombia: -$6.2 billion (down -56%)
  8. Ecuador: -$4.1 billion (down -54.7%)
  9. Brazil: -$3.7 billion (down -14.7%)
  10. Kuwait: -$2.8 billion (down -77.7%)
  11. Angola: -$2.5 billion (down -70.1%)
  12. Algeria: -$1.4 billion (up 1.8%)
  13. Libya: -$1.3 billion (down -31%)
  14. Russia: -$1 billion (down -46.9%)
  15. Norway: -$842.2 million (up 46.8%)

American trade deficits for crude oil widened with only two of its top suppliers, specifically its red ink with Norway (up 46.8%) and Algeria (up 1.8%).

The US was able to reduce the size of its negative trade balances since 2013 at the fastest pace with: Kuwait (down -77.7%), Angola (down -70.1%), Mexico (down -69%), Saudi Arabia (down -64.7%) and Venezuela (down -61.8%).

Surpluses

The United States did earn surpluses from the global crude oil trade with 29 other countries, islands or territories.

Most importantly, America captured $14.1-billion in positive cashflow during 2017 from buying and selling crude oil with the following 15 countries.

  1. China: US$4.4 billion (product surplus reversing a -$26.8 million deficit in 2013)
  2. Netherlands: $1.7 billion (no 2013 data)
  3. United Kingdom: $1.5 billion (reversing a -$1 billion deficit)
  4. South Korea: $1.1 billion (no 2013 data)
  5. Italy: $865.7 million (reversing an -$8,000 deficit)
  6. France: $604.4 million (no 2013 data)
  7. Singapore: $579.3 million (reversing a -$13,000 deficit)
  8. Japan: $524 million (reversing an -$18,000 deficit)
  9. Spain: $422.7 million (no 2013 data)
  10. Bahamas: $315.8 million (no 2013 data)
  11. Taiwan: $301.9 million (no 2013 data)
  12. India: $285.8 million (no 2013 data)
  13. Curaçao: $284 million (no 2013 data)
  14. Malaysia: $247.9 million (no 2013 data)
  15. Hong Kong: $203.4 million (no 2013 data)

Where 2013 data was available, the above metrics show that the US went from red ink in 2013 to black ink during 2017 trading with its crude oil suppliers China, the United Kingdom, Italy, Singapore and Japan.



 

Searchable List of US Imported Crude Oil Suppliers

The table below shows the dollar amount for crude oil sold to the US in 2017 by country. Also shown is the percentage value change for each supplier since 2013.

You can change presentation order by clicking the triangle icon at the top of the columns.

RankSupplierUS Imported Crude2013-2017
1.CanadaUS$53.3 billion-32.1%
2.Saudi Arabia$18.2 billion-64.7%
3.Iraq$11.1 billion-18.1%
4.Venezuela$10.7 billion-61.8%
5.Mexico$10 billion-69%
6.Colombia$6.7 billion-53%
7.Nigeria$6.5 billion-36.1%
8.Ecuador$4.1 billion-54.7%
9.Brazil$4 billion-9.6%
10.Kuwait$2.8 billion-77.7%
11.Angola$2.5 billion-70.1%
12.Algeria$1.4 billion+1.8%
13.Libya$1.3 billion-30.8%
14.Russia$1 billion-46.9%
15.Norway$923.3 million+61%
16.Indonesia$800.7 million+5.7%
17.Chad$531 million-79%
18.United Kingdom$509.1 million-50.3%
19.Ghana$440.5 million+276.3%
20.United Arab Emirates$414 millionNo 2013 data
21.Equatorial Guinea$241.2 million-69%
22.Oman$240.2 million+139.5%
23.Trinidad/Tobago$176 million-46%
24.Egypt$166.5 million-18.1%
25.Vietnam$146.6 million-73%
26.India$136.2 millionNo 2013 data
27.Azerbaijan$122.5 million-89%
28.Denmark$110.1 millionNo 2013 data
29.Gabon$103.3 million-89.5%
30.Guatemala$98.7 million-61.8%
31.Congo$82.6 million-89.8%
32.Thailand$59.5 million-82.6%
33.Mauritania$56.5 million-58%
34.Tunisia$51.7 millionNo 2013 data
35.Papua New Guinea$39.5 millionNo 2013 data
36.Côte d'Ivoire$35.6 million00%
37.Australia$34.8 million-45%
38.Peru$23.6 million-94.0%
39.Greece$17.7 million00%
40.Bahamas$16.7 million00%
41.Malaysia$15.6 million0%
42.Yemen$8.2 millionNo 2013 data
43.Brunei Darussalam$8.1 millionNo 2013 data
44.Mozambique$7.9 millionNo 2013 data
45.Belize$5.5 million-92.3%
46.Netherlands$2.3 millionNo 2013 data
47.China$32,000-99.9%
48.Argentina$7,000-10No 2013 data
49.Singapore$5,000-61.5%
50.Germany$3,000No 2013 data


See also US Iron and Steel Imports by Supplier Countries, America’s Top Trading Partners, Crude Oil Imports by Country and Crude Oil Exports by Country

Research Sources:
Investopedia, Net Exports Definition. Accessed on June 21, 2018

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on June 21, 2018

Trade Map, International Trade Centre. Accessed on June 21, 2018

Wikipedia, List of countries by oil production. Accessed on June 21, 2018

Wikipedia, List of largest oil and gas companies by revenue. Accessed on June 21, 2018

Wikipedia, Petroleum. Accessed on June 21, 2018