In 2020, the United States imported a whopping 7.86 Million Barrels per Day of fuel. Among the imported fuel was crude oil at 5.88 MMb/d and 1.98 MMb/d of other non-crude oil-related fuel.
However, in 2020, the country’s imports were at the lowest since 1991. This article will help you to know more about the top five countries that exported petroleum and crude oil to the USA in 2020.
Top Five Countries That Export Fuel To The USA
Mexico was the leading fuel supplier in the year 2020 for the United States. Here’s the list of the top five countries that supplied fuel to the United States.
1. Mexico ($681.08 Million)
2. Japan ($337.72 Million)
3. Germany ($297.18 Million)
4. China ($295.94 Million)
5. Czech Republic ($169.13 Million)
Top Five Countries That Export Petroleum To The USA
Here’s the list of top fuel exporters that supplied petroleum to the USA, along with the share of total petroleum that was imported in 2020 by the United States:
1. Canada (52%)
2. Mexico (11%)
3. Russia (7%)
4. Saudi Arabia (7%)
5. Columbia (4%)
Top Five Countries That Export Crude Oil To The USA
Following is the list of top fuel exporters that supplied crude oil to the USA, along with the share of total petroleum that was imported in 2020 by the United States:
1. Canada (53.4%)
2. Mexico (9.15%)
3. Saudi Arabia (8.27%)
4.Iraq (5.05%)
5. Russia (1.83%)
In 2020, Canada was the top fuel supplier for the USA. The United States imported 51% of petroleum and 53.4% of crude oil from Canada itself. As observed from previous data, the fuel imports from Canada have increased gradually since 1990.
Who Are The Leading Suppliers Of Fuel In The USA?
1. ExxonMobil
2. Chevron
3. ConocoPhillips
4. EOG Resources
5. Marathon Petroleum
ExxonMobil holds the first rank in the list of top suppliers of fuel in the country. It is a Texas-based oil supermajor with a market worth of 234 billion USD. It is now one of the leading oil-producing companies in the world.
What Does The Global Fuel Market Report Indicate?
It has been estimated that by the year 2027, the international global market will reach $14.6 Billion. In 2020, the value of the worldwide fuel market was $263 Million and had been calculated to grow at a rate of 26.4%.
The growth is said to happen with the increasing demand for clean energy generation in the developed countries. Furthermore, the accelerated growth and increased use of fuel cell-based vehicle engines have played into this dynamic as well.
No comments:
Post a Comment