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Crude Oil and Total Petroleum Imports Top 15 Countries

May 2006 Import Highlights:  Released on July 14, 2006


Preliminary monthly data on the origins of crude oil imports in May 2006 has been released and it shows that three countries have each exported more than 1.40 million barrels per day to the United States. Including those countries, a total of five countries exported over 1.00 million barrels per day of crude oil to the United States (see table below). The top five exporting countries accounted for 70 percent of United States crude oil imports in May while the top ten sources accounted for approximately 88 percent of all U.S. crude oil imports. The top sources of US crude oil imports for May were Canada (1.877 million barrels per day), Mexico (1.576 million barrels per day), Saudi Arabia (1.457 million barrels per day), Venezuela (1.169 million barrels per day), and Nigeria (1.075 million barrels per day). The rest of the top ten sources, in order, were Iraq (0.666 million barrels per day), Angola (0.356 million barrels per day), Algeria (0.350 million barrels per day), Russia (0.255 million barrels per day), and Ecuador (0.239 million barrels per day). Total crude oil imports averaged 10.234 million barrels per day in May, which is an increase of 0.402 million barrels per day from April 2006.

Canada remained the largest exporter of total petroleum products in May, exporting 2.319 million barrels per day to the United States. The second largest exporter of total petroleum products was Mexico (1.710 million barrels per day) which had a slight decrease from last month of 0.040 million barrels per day.

Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)

Country

May-06

Apr-06

YTD 2006

May-05

Jan - May 2005

 

CANADA

1,877

1,710

1,757

1,722

1,586

MEXICO

1,576

1,601

1,668

1,748

1,559

SAUDI ARABIA

1,457

1,582

1,422

1,430

1,512

VENEZUELA

1,169

1,171

1,186

1,273

1,336

NIGERIA

1,075

1,022

1,134

1,111

1,046

IRAQ

666

531

533

588

536

ANGOLA

356

389

427

341

436

ALGERIA

350

256

259

152

175

RUSSIA

255

0

67

185

280

ECUADOR

239

312

279

238

289

KUWAIT

220

225

156

213

186

COLOMBIA

185

149

160

116

126

UNITED KINGDOM

174

169

122

194

219

NORWAY

98

74

86

117

128

BRAZIL

96

111

110

115

54

The chart below shows the total amount of petroleum products imported into the US. This includes both crude oil and refined or finished fuel and oil products. The difference in the two numbers relates to the lack of refining capacity in the United States. This is important because we pay a much higher price to import refined product and its negative implications with regards to fuel supply.

Total Imports of Petroleum (Top 15 Countries)
(Thousand Barrels per Day)

Country

May-06

Apr-06

YTD 2006

May-05

Jan - May 2005

 

CANADA

2,319

2,238

2,277

2,188

2,123

MEXICO

1,710

1,750

1,785

1,826

1,640

SAUDI ARABIA

1,490

1,595

1,453

1,526

1,573

VENEZUELA

1,470

1,393

1,482

1,574

1,582

NIGERIA

1,189

1,098

1,207

1,214

1,134

IRAQ

666

531

533

588

536

ALGERIA

643

543

552

449

431

RUSSIA

616

218

317

325

445

VIRGIN ISLANDS

373

239

301

367

327

ANGOLA

368

419

443

353

446

UNITED KINGDOM

349

315

272

345

361

NETHERLANDS

259

161

178

178

109

ECUADOR

246

319

285

238

294

KUWAIT

226

225

160

219

196

COLOMBIA

204

176

183

176

161

Note: The data in the tables above exclude oil imports into the U.S. territories.

Information is from US EIA - US Energy Information Administration

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

William R. Richards

 

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