During 2021, the United States of America imported US$138.4 billion worth of crude petroleum oil supplied by 29 oil supplier countries. America’s total bill for its imported crude oil purchases flatlined via an average -0.7% decline since 2017 but accelerated by 69.1% from 2020 to 2021. On the exports side, the US shipped $69.4 billion worth of crude petroleum oil in 2021. … [Read more...] about US Crude Oil Imports by Supplier Countries
North America
Top Canadian Trade Balances
Canada’s total trade surplus for all products equaled US$14.5 billion in 2021, up 19.8% from the $12.1 billion surplus in 2014. Year over year, the most recent $14.5 billion in black ink represents a reversal from the -$14.4 billion deficit that Canada incurred one year earlier during 2020. To put that metric into perspective, the country's total external debt encompassing … [Read more...] about Top Canadian Trade Balances
Canada’s Top 10 Imports
Canada imported US$488.9 billion worth of goods from foreign suppliers in 2021. That dollar amount represents a 12.9% increase compared to 2017 and a 20.9% acceleration from 2020 to 2021. Based on the average exchange rate for 2021, the Canadian dollar has strengthened by 3.8% against the US dollar since 2017 and by 6.7% from 2020 to 2021. Canada's stronger local currency made … [Read more...] about Canada’s Top 10 Imports
United States Top 10 Imports
The United States of America imported US$2.937 trillion worth of goods from around the globe in 2021. That dollar amount reflects a 22.1% gain since 2017 and a 22% uptick from 2020 to 2021. From a continental perspective, 45.3% of America’s total imports by value in 2021 were purchased from providers in Asia. Fellow North American trade partners supplied 25.7% of import sales … [Read more...] about United States Top 10 Imports
Top United States Trade Balances
The overall US trade balance for all products totaled -US$1.183 trillion in red ink for 2021. That trade deficit reflects a 5.7% increase from the -$982 billion negative score for 2020 and a 49.6% expansion from -$791.1 billion of red ink in 2014. Petroleum gases, soya beans, refined petroleum oils, corn, machinery for making semi-conductors, and gold are potential … [Read more...] about Top United States Trade Balances
