The U.S. exports 55% of it's petroleum, imports 76% from other countries (mainly from Persian Gulf, OPEC)
In 2024, the United States exported roughly 10.8 million barrels of petroleum per day, covering a significant portion of its total production. The U.S. has been a net petroleum exporter since 2020, even as it continues to import specific types of crude oil for its refineries, with over 55% of its domestic production being exported to international markets. [1, 2, 3]
* Export Volume: In 2024, the U.S. exported roughly 10.8 million barrels of total petroleum per day (including crude oil, refined products, and biofuels).
* Net Exporter Status: The U.S. is a net petroleum exporter, meaning it exports more than it imports.
* Reasons for Exporting: U.S. exports consist of high-quality "light" crude oil, while imports often consist of heavier, sour crude that matches the refining capacity of U.S. coastal refineries, as explained in this article from Marketplace.
In 2023, the United States imported about 8.51 million barrels per day (b/d) of petroleum from 86 countries. Petroleum includes crude oil, hydrocarbon gas liquids (HGLs), refined petroleum products such as gasoline and diesel fuel, and biofuels. Crude oil imports of about 6.48 million b/d accounted for about 76% of U.S. total gross petroleum imports.
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