During 2020, the United States of America imported US$81.6 billion worth of crude petroleum oil supplied by 32 countries.

In contrast, the US shipped $50.3 billion worth of crude petroleum oil in 2020. That dollar amount reflects a -23% downtick from 2019 to 2020 and a massive -279.7% reduction since 2016.

Major Suppliers of Crude Oil to American Importers

USA Import Trade Data Among its leading providers of crude oil, Canada furnished over half (56.6%) of US spending on imported crude oil compared to 50.1% one year earlier in 2019.

Countries Exporting Crude Oil to America (Top 15 Countries)

America’s top 15 suppliers of crude oil in 2020 generated 97.4% of US purchases from foreign markets.

Over three-quarters (76.8%) of the overall cost of buying unprocessed petroleum came from suppliers in Canada, Mexico and Saudi Arabia.

1. Canada: US$46.2 billion (56.6% of total US imported crude oil)

2. Mexico: $8.9 billion (11%)

3. Saudi Arabia: $7.6 billion (9.3%)

4. Colombia: $3.5 billion (4.3%)

5. Iraq: $3.2 billion (4%)

6. Ecuador: $2.7 billion (3.3%)

7. Brazil: $1.7 billion (2%)

8. Russia: $1.4 billion (1.7%)

9. Nigeria: $1.2 billion (1.5%)

10. Trinidad/Tobago: $648.2 million (0.8%)

11. Guyana: $558.8 million (0.7%)

12. Argentina: $527.7 million (0.6%)

13. Angola: $469.5 million (0.6%)

14. United Kingdom: $457.9 million (0.6%)

15. Ghana: $403.3 million (0.5%)

Not one among these top suppliers increased the value of its crude oil sold to America from 2019 to 2020.

Countries Exporting Crude Oil to America (Deficit Creators)

America also produces and sells its own crude oil on international markets. In 2020, the United States shipped $50.3 billion worth of crude oil to its trade partners globally. Nevertheless, revenues from its exported crude oil are almost 60% of the $81.6 billion that the US spent on imported crude oil.

Below you will find the 15 countries that caused America’s subtotal -$72.1 billion from buying and selling crude oil on international markets in 2020.

1. Canada: -US$39.7 billion (product deficit down -29.5% since 2019)

2. Mexico: -$8.9 billion (down -26.8%)

3. Saudi Arabia: -$7.5 billion (down -34.6%)

4. Colombia: -$3.24 billion (down -46.6%)

5. Iraq: -$3.23 billion (down -54%)

6. Ecuador: -$2.7 billion (down -37.6%)

7. Russia: -$1.4 billion (down -59.4%)

8. Nigeria: -$1.2 billion (down -72.9%)

9. Brazil: -$1.1 billion (down -56.5%)

10. Trinidad/Tobago: -$648.2 million (down -29.6%)

11. Guyana: -$558.8 million (no 2019 data)

12. Argentina: -$527.7 million (down -35.6%)

13. Angola: -$469.5 million (down -38.5%)

14. Ghana: -$403.3 million (down -30.9%)

15. Kuwait: -$387.1 million (down -64.5%)

American trade deficits for crude oil narrowed from 2019 to 2020 with all of the above top trading partners.

Countries Exporting Crude Oil to America (Surpluses)

The United States did earn surpluses from the international crude oil exported to, imported from or both with 44 trading partners in 2020.

For example, America captured about $37.1 billion in positive cash flow from the following 15 countries.

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