America’s total bill for its imported crude oil purchases increased by an average 6.1% since 2021 but dropped by -15.8% from 2024 to 2025.
On the exports side, the US shipped $100.3 billion worth of crude petroleum oil in 2025. That dollar amount results from a -15.3% reduction compared to $118.5 billion in 2024 but a 44.8% gain from $69.3 billion during 2021.
The product-specific trade balance resulting from America’s buying and selling crude oil on global markets amounted to a -$46.5 billion trade deficit for 2025. That amount of red ink reflects a -32.8% reduction compared to the -$69.2 billion crude oil trade deficit in 2021 and a -16.9% year-over-year decline for the United States’ crude petroleum deficit from the -$55.9 billion trade deficit in 2024.
Major Suppliers of Crude Oil to American Importers
Among its leading providers of crude oil, Canada furnished over three-fifths (61.4%) of US spending on imported crude oil.
Crude oil delivered from North American importers accounted for 67.5% of total US crude petroleum purchases.
Middle Eastern nations provided 8.8% of America’s worldwide total crude oil imports. The comparable metric for Organization of Petroleum Exporting Countries (OPEC) was 17.5% of overall US imported crude petroleum.
Major Countries Exporting Crude Oil to America
In 2025, America’s top 15 suppliers of crude oil collected US$200.1 billion or 97.8% of US purchases from foreign markets.
Almost four-fifths (79.4%) of overall cost for the US buying unprocessed petroleum came from the top 5 suppliers. These were Canada, Mexico, Saudi Arabia, Brazil and Guyana.
- Canada: US$90.2 billion (61.4% of total US crude oil imports)
- Mexico: $9 billion (6.1%)
- Saudi Arabia: $7.1 billion (4.8%)
- Brazil: $5.3 billion (3.6%)
- Guyana: $5.1 billion (3.4%)
- Colombia: $4.9 billion (3.3%)
- Iraq: $4.8 billion (3.3%)
- Nigeria: $3.7 billion (2.5%)
- Venezuela: $3.4 billion (2.3%)
- Ecuador: $2.74 billion (1.9%)
- Argentina: $2.67 billion (1.8%)
- United Kingdom: $1.374 billion (0.9%)
- Libya: $1.367 billion (0.9%)
- Trinidad/Tobago: $895,946 (0.6%)
- Kazakhstan: $793,329 (0.5%)
Argentina was the lone supplier listed above to grow its petroleum sales to the United States from 2024 to 2025, thanks to a 79.7% acceleration.
Year over year, America’s imports of crude oil from its number one supplier Canada decreased in total spending by -12.7%.
The severest decreases in crude oil sales to the US were experienced by providers in Venezuela (down -42.4% frm 2024), Kazakhstan (down -33.6%), Trinidad and Tobago (down -32.5%), Mexico (down -27.9%) and Ecuador (down -25.3%).
Major Crude Oil Suppliers Creating US Trade Deficits
America also produces and sells its own crude oil on international markets. As stated above, the United States shipped $100.3 billion worth of crude oil to its global trade partners in 2025. Therefore, revenue from its exported crude oil equals more than two-thirds (68.3%) of the $146.8 billion that the US spent on imported crude oil.
Overall, the US product category trade deficit specific to crude oil was -$46.5 billion for 2025. That amount of red ink reflects a -32.8% reduction from the -$69.2 billion deficit during 2021 and a -16.9% deceleration starting from the -$55.9 billion deficit in 2024.
Below you will find the 15 countries that caused America a subtotal -$127.5 billion deficit from buying and selling crude oil on international markets in 2025.
- Canada: -US$80.7 billion (product deficit down -13.3% from 2024)
- Mexico: -$9 billion (down -27.9%)
- Saudi Arabia: -$7.1 billion (down -15.5%)
- Guyana: -$5.1 billion (down -4.8%)
- Iraq: -$4.8 billion (down -17.6%)
- Colombia: -$4 billion (down -23.2%)
- Brazil: -$3.46 billion (down -33.4%)
- Venezuela: -$3.39 billion (down -42.4%)
- Ecuador: -$2.74 billion (down -25.3%)
- Argentina: -$2.67 billion (up 79.7%)
- Libya: -$1.4 billion (down -8.3%)
- Trinidad/Tobago: -$895.9 million (down -32.5%)
- Nigeria: -$829.9 million (down -32.5%)
- Kazakhstan: -$793.3 million (down -33.6%)
- Angola: -$783.8 million (down -53.8%)
The sole increase in the listed negative trade deficits for the US trading crude oil was driven by Argentia via a massive 79.7% expansion from 2024.
Top Crude Oil Supplier Generating US Trade Surpluses
The United States earned surpluses from the international crude oil exported to, imported from or both with 38 trading partners in 2025.
For example, America captured about $76 billion in positive cashflow from the following 15 countries.
- Netherlands: US$22.3 billion (product surplus down -5.8% since 2024)
- South Korea: $12.5 billion (down -8.8%)
- India: $7.9 billion (up 21.9%)
- Taiwan: $5.6 billion (down -12.7%)
- Spain: $4.5 billion (down -22.7%)
- Thailand: $3.7 billion (up 27.2%)
- United Kingdom: $3.2 billion (down -54.8%)
- France: $3.1 billion (down -27.2%)
- Germany: $2.8 billion (down -28.2%)
- Italy: $2.7 billion (down -27.7%)
- Japan: $2.64 billion (up 251.7%)
- Singapore: $1.6 billion (down -80.2%)
- Malaysia: $1.34 billion (up 61.3%)
- Sweden: $1.2 billion (down -16.3%)
- Peru: $1 billion (up 121.8%)
On a percentage basis, the United States expanded its per-country crude oil surpluses by triple digits at the expense of Japan (up 251.7% from 2024) and Peru (up 121.8%).
Other leading gains arose from America’s trading with: Malaysia (up 61.3%), Thailand (up 27.2%) and India (up 21.9%).
The US realized the severest surplus setbacks buying and selling crude petroleum with: Singapore (down -80.2% from 2024), United Kingdom (down -54.8%), Germany (down -28.2%), Italy (down -27.7%), France (down -27.2%) and Spain (down -22.7%).
See also United States Top 10 Exports, 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
Central Intelligence Agency, The World Factbook Country Profiles. Accessed on March 20, 2026
International Trade Centre, Trade Map. Accessed on March 20, 2026
Wikipedia, List of crude oil products. Accessed on March 20, 2026
Wikipedia, List of countries by oil production. Accessed on March 20, 2026
Wikipedia, List of largest oil and gas companies by revenue. Accessed on March 20, 2026
Wikipedia, Petroleum. Accessed on March 20, 2026