US Crude Oil Imports by Supplier Countries

Oil in water conceptual

Oil in water conceptual

During 2018, the United States of America imported US$163.1 billion worth of crude oil from a total 44 countries.

The global cost for all US imported crude oil purchases fell -35.6% since 2014 but increased 17% from 2017 to 2018.

Among top trade partners, Canada furnished about two-fifths (39.5%) of America’s imported crude oil while Saudi Arabia supplied 13.4% worth. Crude oil delivered to the US from Middle Eastern nations was valued at $36.5 billion in 2018 or 22.3% of America’s worldwide total. Mideast oil delivered to America rose in value by 10.6% from 2017 to 2018 but plunged -49.4% since 2014.

Countries Exporting Crude Oil to America

Top 15

America’s top 15 suppliers of crude oil in 2018 generated 95.3% of US purchases from foreign markets, with over three-fifths (61.9%) of the overall cost of unprocessed petroleum originating from suppliers in Canada, Saudi Arabia and Mexico.

  1. Canada: US$64.3 billion (39.5% of total US imported crude oil)
  2. Saudi Arabia: $21.9 billion (13.4%)
  3. Mexico: $14.7 billion (9.0%)
  4. Iraq: $12.1 billion (7.4%)
  5. Venezuela: $10.6 billion (6.5%)
  6. Colombia: $6.6 billion (4.0%)
  7. Nigeria: $5.1 billion (3.1%)
  8. Ecuador: $4.2 billion (2.6%)
  9. Brazil: $3.9 billion (2.4%)
  10. Angola: $2.5 billion (1.5%)
  11. Algeria: $2.2 billion (1.3%)
  12. Russia: $2.1 billion (1.3%)
  13. Kuwait: $1.9 billion (1.1%)
  14. Norway: $1.7 billion (1.1%)
  15. United Kingdom: $1.5 billion (0.9%)

Five among these top suppliers posted increases in the value of their crude oil exports to America since 2014, namely Algeria (up 756.7%), United Kingdom (up 258.7%), Norway (up 258.4%), Russia (up 170.3%) then Nigeria (up 88.9%).

Leading the decliners over the 5-year period were: Kuwait (down -83.5%), Venezuela (down -59.8%), Angola (down -52.7%), Saudi Arabia (down -52.5%) and Mexico (down -47.8%).

America’s leading provider Canada also experienced a significant downturn in the value of its crude oil exports to the US from 2014 to 2018, thanks to a -24.9% reduction.

Deficit Creators

America also produces and sells its own crude oil on international markets. In 2018, the United States shipped $47.2 billion worth of crude oil to its trade partners. Nevertheless, revenues from its exported crude oil are well under one-third of the $163.1 billion that the US spent on imported crude oil.

Overall, the US product category trade deficit for crude oil was -$115.9 billion for 2018. That amount of red ink reflects a -51.9% reduction from the -$240.9 billion deficit during 2014.

Below you will find the 15 countries that caused America’s highest negative subtotals from buying and selling crude oil on international markets in 2018.

  1. Canada: US-$55 billion (product deficit down -25.7% since 2014)
  2. Saudi Arabia: -$21.9 billion (down -52.5%)
  3. Mexico: -$14.6 billion (down -48%)
  4. Iraq: -$12.1 billion (down -13.2%)
  5. Venezuela: -$10.6 billion (down -59.8%)
  6. Colombia: -$6.1 billion (down -42.4%)
  7. Nigeria: -$5.1 billion (up 88.9%)
  8. Ecuador: -$4.2 billion (down -43%)
  9. Brazil: -$3.3 billion (down -38%)
  10. Angola: -$2.5 billion (down -52.7%)
  11. Algeria: -$2.2 billion (up 756.7%)
  12. Russia: -$2.1 billion (up 170.3%)
  13. Kuwait: -$1.9 billion (down -83.5%)
  14. Libya: -$1.4 billion (up 821%)
  15. Indonesia: -$1.1 billion (up 50.3%)

American trade deficits for crude oil widened with five of its top suppliers over the 5-year period: Libya (up 821%), Algeria (up 756.7%), Russia (up 170.3%), Nigeria (up 88.9%) and Indonesia (up 50.3%).

The US was able to pare down the size of its negative trade balances since 2014 at the fastest pace with: Kuwait (down -83.5%), Venezuela (down -59.8%), Angola (down -52.7%) and Saudi Arabia (down -52.5%).

Surpluses

The United States did earn surpluses from the international crude oil trade with 35 other countries, islands or territories.

For example, America captured $32. 2 billion in positive cashflow from the following 15 countries.

  1. South Korea: US$5.6 billion (product surplus up 7,464% since 2014)
  2. China: $5.4 billion (up 25,908%)
  3. Netherlands: $3.5 billion (reversing a -$4,000 deficit)
  4. Taiwan: $3 billion (no 2014 data)
  5. Italy: $2.8 billion (up 2,910%)
  6. India: $2.7 billion (no 2014 data)
  7. United Kingdom: $2.4 billion (reversing a -$416.1 million deficit)
  8. Japan: $1.5 billion (no 2014 data)
  9. Singapore: $1.3 billion (up 2,093%)
  10. Thailand: $859.2 million (reversing a -$266.5 million deficit)
  11. United Arab Emirates: $577.1 million (reversing a -$652.6 million deficit)
  12. Spain: $517.2 million (up 473.5%)
  13. France: $412.2 million (no 2014 data)
  14. Curaçao: $351.8 million (no 2014 data)
  15. Malaysia: $343 million (no 2014 data)

On a strictly percentage basis, the US expanded its crude oil surpluses at the fastest pace with China, South Korea and Italy.



 

Searchable List of US Imported Crude Oil Suppliers

The table below shows the dollar amount for crude oil sold to the US in 2018 by country. Also shown is the percentage value change for each supplier from 2017 to 2018.

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

RankSupplierImported Crude (US$)2017-18
1.Canada$64.3 billion+20.7%
2.Saudi Arabia$21.9 billion+20.3%
3.Mexico$14.7 billion+43%
4.Iraq$12.1 billion+8.7%
5.Venezuela$10.6 billion-1%
6.Colombia$6.6 billion-1%
7.Nigeria$5.1 billion-21.6%
8.Ecuador$4.2 billion+4.3%
9.Brazil$3.9 billion+0.3%
10.Angola$2.5 billion+0.3%
11.Algeria$2.2 billion+56.4%
12.Russia$2.1 billion+113.8%
13.Kuwait$1.9 billion-33.4%
14.Norway$1.7 billion+85.9%
15.United Kingdom$1.5 billion+190.6%
16.Libya$1.4 billion+8.5%
17.Indonesia$1.1 billion+37.2%
18.Argentina$747.3 million+10,675,571%
19.Kazakhstan$582.3 millionno 2017 data
20.Chad$486 million-8.4%
21.Egypt$471.9 million+183.5%
22.Equatorial Guinea$462.1 million+91.5%
23.Azerbaijan$426.4 million+248.1%
24.Ghana$302.8 million-31.3%
25.Congo$286.6 million+247%
26.India$276.7 million+103.1%
27.Trinidad/Tobago$222.2 million+26.2%
28.Gabon$186.2 million+80.3%
29.Guatemala$145.3 million+47.2%
30.United Arab Emirates$141.4 million-65.8%
31.Côte d'Ivoire$121.3 million+241%
32.Tunisia$90.6 million+75.2%
33.Brunei Darussalam$78.6 million+866.2%
34.Vietnam$70.5 million-51.9%
35.Cameroon$49.6 millionno 2017 data
36.Australia$42 million+20.4%
37.Italy$26 millionno 2017 data
38.Bolivia$19.4 millionno 2017 data
39.Thailand$19.4 million-67.5%
40.Peru$18 million-23.8%
41.Belize$13.2 million+97.5%
42.Barbados$4 millionno 2017 data
43.Israel$151,000no 2017 data
44.Japan$14,000no 2017 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 March 13, 2019

The World Factbook, Field Listing: Exports – Commodities, Central Intelligence Agency. Accessed on March 13, 2019

Trade Map, International Trade Centre. Accessed on March 13, 2019

Wikipedia, List of countries by oil production. Accessed on March 13, 2019

Wikipedia, List of largest oil and gas companies by revenue. Accessed on March 13, 2019

Wikipedia, Petroleum. Accessed on March 13, 2019