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Petroleum imports into the U.S. by country 1985-2020

Canada is the main source country for petroleum imported into the United States. In 2020, the United States imported around 4.12 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined. The U.S. did not purchase any crude oil or oil products from Venezuela in 2020, while it had bought over one million barrels per day between 1990 and 2005.

Crude oil reserves

As of 2019, global crude oil reserves were estimated to be around 1.7 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s.

Uses of petroleum

Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.57 million barrels per day in 2019. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

Petroleum imports into the United States in selected years from 1985 to 2020, by main source country

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Source

Release date

March 2021

Region

United States

Survey time period

1985 to 2020

Supplementary notes

* Imports from the Neutral Zone are reported as originating in either Saudi Arabia or Kuwait depending on the country reported to U.S. customs.
** Through 1992 may include imports from U.S.S.R. republics other than Russia.

The country of origin for petroleum products may not be the country of origin for the crude oil from which the products were produced. For example, refined products imported from West European refining areas may have been produced from Middle East crude oil.
Includes imports for the Strategic Petroleum Reserve, which began in October 1977.
U.S. geographic coverage is the 50 States and the District of Columbia.

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