Mineral fuels and oil has been a globally sought commodity because of their vast importance in different sectors like electricity generation, the transportation of vehicles, and different industrial uses like manufacturing industries and petrochemical industries. The growing energy demands and industrial expansion in different industries of the nation and limited domestic production capabilities along with energy security and diversification have led to a higher import trade rate.
Different geopolitical factors like price volatility and trade restrictions have boosted the domestic import of such essential mineral resources for the sustainable availability of energy resources and other requirements. The contribution of different attributing factors behind its trade growth has led to a staggering import trade rate of 350 billion US dollars in 2023.
The United States of America has been completely reliant on its import trade of mineral fuels and oil for the smooth running of different electricity-powering industries and other manufacturing sectors. As per the USA Mineral Fuels and Oil Import Data, the top 10 mineral fuels and oil imports of the USA in 2023 are discussed below,
1. Crude Oil – Import trade value of Crude Oil imports from USA in 2023 – 248 billion US dollars.
2. Petroleum Products – Import trade value of Petroleum products imported from USA in 2023 – 128 billion US dollars.
3. Natural Gas – Import trade value of Natural gas imports from USA in 2023 – 98 billion US dollars.
4. Coal – Import trade value of Coal imports from USA in 2023 – 82 billion US dollars.
5. Liquefied Natural Gas – Import trade value of Liquefied natural gas imports from USA in 2023 – 68 billion US dollars.
6. Petroleum Coke – Import trade value of Petroleum Coke imports from USA in 2023 – 56 billion US dollars.
7. Petroleum Gas – Import trade value of Petroleum Gas imports from USA in 2023 – 48 billion US dollars.
8. Coal Tar Oil – Import trade value of Coal Tar Oil imports from USA in 2023 – 39 billion US dollars.
9. Asphalt Mixtures – Import trade value of Asphalt Mixtures imports from USA in 2023 – 27 billion US dollars.
10. Fuel Wood – Import trade value of Fuel Wood imports from the USA in 2023 – 24 billion US dollars.
According to the USA Import Data, the top import trade partners of the USA for mineral fuels and oil import are,
• Canada – As per the Canada Export Data, the import trade value of mineral fuels and oil imported in the USA from Canada in 2023 - is 210 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Crude Petroleum Oils
2. Bituminous Crude Oil
3. Gasoline
4. Diesel Fuel
5. Jet Fuel
• Saudi Arabia – As per the Saudi Arabia Export Data, the import trade value of mineral fuels and oil imported into the USA from Saudi Arabia in 2023 – 198 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Kerosene
2. Synthetic Crude Oil
3. Paraffin Waxes
4. Naphtha
5. Mineral Oils for Medicinal Use
• Mexico – As per the Mexico Export Data, the import trade value of mineral fuels and oil imported in the USA from Mexico in 2023 is – 156 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Petroleum Jelly and Greases
2. Liquefied Natural Gas
3. Ethane
4. Anthracite Coal
5. Coking Coal
• Russia – As per the Russia Export Data, the import trade value of mineral fuels and oil imported in the USA from Russia in 2023 is – 149 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Petrochemical Feedstocks
2. Ethane
3. Refined Coal
4. Shale Oil
5. Biofuels Blended with Petroleum
• Iraq – As per the Iraq Export Data, the import trade value of mineral fuels and oil imported in the USA from Iraq in 2023 is – 120 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Xylenes
2. Toluene
3. Asphalt Cement
4. Turpentine Substitute
5. Heat Transfer Oils
• Colombia – As per the Colombia Export Data, the import trade value of mineral fuels and oil imported in the USA from Colombia in 2023 is – 98 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Oil Sands Products
2. Synthetic Oil
3. Argon
4. Carbon Dioxide
5. Petroleum-Based Paint Thinners
• Nigeria – As per the Nigeria Export Data, the import trade value of mineral fuels and oil imported in the USA from Nigeria in 2023 is – 85 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Naphtha-Based Petrochemicals
2. Petroleum-Based Inks
3. Spent Lubricating Oil
4. Oil Residues
5. Asphalt Flux
• Angola – As per the Angola Export Data, the import trade value of mineral fuels and oil imported in the USA from Angola in 2023 is – 74 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Hydrogen-Based Fuels
2. Fuel Additives
3. Carbon Dioxide
4. Gear Oil
5. Polymer-Modified Asphalt
• Brazil – As per the Brazil Export Data, the import trade value of mineral fuels and oil imported into the USA from Brazil in 2023 is – 62 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Butylene
2. Synthetic Liquid Fuels
3. Ethylene
4. Shale Oil
5. Coke Breeze
• Norway – As per the Norway Export Data, the import trade value of mineral fuels and oil imported into the USA from Norway in 2023 is – 48 billion US dollars.
Variations of Mineral Fuels and Oil Import
1. Naphthenic Acids
2. Reformate
3. Butylene
4. Microcrystalline Wax
5. Polymer-Modified Asphalt
1. Import trade value of mineral fuels and oil import of USA in 2013 – 150 billion US dollars.
2. Import trade value of mineral fuels and oil import of USA in 2014 – 218 billion US dollars.
3. Import trade value of mineral fuels and oil import of USA in 2015 - 227 billion US dollars.
4. Import trade value of mineral fuels and oil import of USA in 2016 – 189 billion US dollars.
5. Import trade value of mineral fuels and oil import of USA in 2017 – 176 billion US dollars.
6. Import trade value of mineral fuels and oil import of USA in 2018 – 228 billion US dollars.
7. Import trade value of mineral fuels and oil import of USA in 2019 – 250 billion US dollars.
8. Import trade value of mineral fuels and oil import of USA in 2020 – 278 billion US dollars.
9. Import trade value of mineral fuels and oil import of USA in 2021 – 294 billion US dollars.
10. Import trade value of mineral fuels and oil import of USA in 2022 – 300 billion US dollars.
Que. Who is the top import trade partner of the USA for mineral fuels and oil import in 2023?
Ans. Canada is the top import trade partner of the USA for mineral fuels and oil imports in 2023.
Que. What are the top mineral fuels and oil imports of the USA in 2023?
Ans. Crude Oil is the top mineral fuel and oil import of the USA in 2023.
Que. Where can you get the detailed trade analysis of mineral fuels and oil import of USA in 2023?
Ans. At Import Globals, you can get a detailed trade analysis of USA mineral fuels and oil imports of USA in 2023.