Us Mineral Fuels Exports: Key Insights of Its Leading Global Market
One of the leading global export trade destinations, the United States, has been exporting a wide amount of mineral fuels like coal, natural gas, and other petroleum products to meet the globally growing energy demands. The US Energy Information and Administration demonstrates that the export market of mineral fuels in the nation has declined by a rate of 29% in 2020 worth a value of 84.1 billion US dollars from 2019 due to the adverse effect of COVID-19 but is thriving on its way continuously to recover the declining rate and to record an impactful growth over the global competitive market.
As per the United States Customs Shipment Data, the evolutionary measures taken by the government authorities regarding the mining sectors to meet the global mineral fuels demands from the nation have led to the total export value of mineral fuels in 2023 stands at a staggering point of 300 billion US dollars.
What Are the Top 10 Mineral Fuels Exports of the United States in 2023?
The divergent amount of natural resources present in the United States and the advanced technology equipped machinery used in the mining industries have indulged the country to export a wide variety of mineral fuels to meet the global needs. According to the USA Export Data, the top 10 mineral fuels exports of the United States in 2023 are,
1. Coal - The export value of Coal from the US in 2023 - 150 billion US dollars.
2. Crude oil - The export value of Crude oil from the US in 2023 - 85 billion US dollars.
3. Natural Gas - The export value of Natural Gas from the US in 2023 - 78 billion US dollars.
4. Refined petroleum products - The export value of Refined petroleum products from the US in 2023 - 65 billion US dollars.
5. Petroleum coke - The export value of Petroleum coke from the US in 2023 - 62 billion US dollars.
6. Liquefied natural gas - The export value of Liquefied natural gas from the US in 2023 - 58 billion US dollars.
7. Ethanol - The export value of Ethanol from the US in 2023 - 42 billion US dollars.
8. Coal briquettes - The export value of Coal briquettes from the US in 2023 - 35 billion US dollars.
9. Peat - The export value of Peat from the US in 2023 - 22 billion US dollars.
10. Coal tar pitch - The export value of Coal tar pitch from the US in 2023 - 18 billion US dollars.
Who Are the Top 10 Export Trade Partners of the Us for Mineral Fuels Exports in 2023?
One of the leading exporters of mineral fuels, the United States has been exporting a tremendous amount of mineral essentials to different trade estates for sustainable economic growth. According to the United States Trade Data, the leading export partners with values of 2023 are discussed below,
1. Canada - According to the Canada Import Data, the total value of mineral fuel exports from the United States to Canada in 2023 - 120 billion US dollars.
2. Mexico - According to the Mexico Import Data, the total value of mineral fuel exports from the United States to Mexico in 2023 - 105 billion US dollars.
3. Japan - According to the Japan Import Data, the total value of mineral fuel exports from the United States to Japan in 2023 - 85 billion US dollars.
4. China - According to the China Import Data, the total value of mineral fuel exports from the United States to China in 2023 - 72 billion US dollars.
5. South Korea - According to the South Korea Import Data, the total value of mineral fuel exports from the United States to South Korea in 2023 - 68 billion US dollars.
6. Netherlands - According to the Netherlands Import Data, the total value of mineral fuel exports from the United States to the Netherlands in 2023 - 54 billion US dollars.
7. Brazil - According to the Brazil Import Data, the total value of mineral fuel exports from the United States to Brazil in 2023 - 45 billion US dollars.
Top 5 mineral fuels imported from the US
• Coal gas • Hydrogen gas • Coal • Peat • Petroleum coke
8. Chile - According to the Chile Import Data, the total value of mineral fuel exports from the United States to Chile in 2023 - 32 billion US dollars.
9. India - According to the India Import Data, the total value of mineral fuel exports from the United States to India in 2023 - 28 billion US dollars.
10. Singapore - According to the Singapore Import Data, the total value of mineral fuel exports from the United States to Singapore in 2023 - 12 billion US dollars.
Que. What is the total export trade value of mineral fuels exported from the US in 2023? Ans. The total export trade value of mineral fuels exported from the US in 2023 is 300 billion US dollars.
Que. What is the top mineral fuel export of the United States in 2023? Ans. Coal is the top mineral fuel export of the United States in 2023.
Que. Who is the top export trade partner of the US? Ans. Canada is the top export trade partner of the US.
Que. Where can you get the detailed trade analysis of US mineral fuels exports in 2023? Ans. By subscribing to Import Globals, you can get a detailed trade analysis of US mineral fuels exports in 2023.