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Who buys the United States’ crude oil? Export destinations 2024

In 2024, the United States exported $122 billion of crude oil (202 million tonnes), 9.3% of the world total. Its main destinations were South Korea (12%), the Netherlands (11%) and Canada (9%). The United States was the world’s 3rd-largest exporter of crude oil.

Summary

Value
$122billion
Tonnes
202million tonnes
Share of world total
9.3%
World rank
3rd
Routes to the main destinations. Width: value; color: estimated transport mode.SeaAirLand

Destinations

The 20 main destinations in the latest year.

PartnerValue (USD billions)TonnesUSD per tonneShareMode
South Korea14.2Tonnes: 21,795,026USD per tonne: $65311.7%Sea
Netherlands re-exports13Tonnes: 25,326,826USD per tonne: $51510.7%Sea
Canada10.9Tonnes: 17,685,415USD per tonne: $6189%Land
United Kingdom10.6Tonnes: 16,935,258USD per tonne: $6278.7%Sea
Germany8.5Tonnes: 13,349,059USD per tonne: $6336.9%Sea
Singapore re-exports7.3Tonnes: 11,939,211USD per tonne: $6156%Sea
France7.3Tonnes: 11,198,339USD per tonne: $6506%Sea
Taiwan7.1Tonnes: 13,300,669USD per tonne: $5355.8%Sea
Spain6.3Tonnes: 10,226,363USD per tonne: $6195.2%Sea
China6.1Tonnes: 10,598,238USD per tonne: $5725%Sea
India4.1Tonnes: 7,512,561USD per tonne: $5513.4%Sea
Thailand3.8Tonnes: 5,093,046USD per tonne: $7383.1%Sea
Italy2.8Tonnes: 4,691,221USD per tonne: $6012.3%Sea
Denmark2.1Tonnes: 3,230,303USD per tonne: $6411.7%Sea
Japan1.8Tonnes: 2,755,830USD per tonne: $6501.5%Sea
Brazil1.5Tonnes: 2,274,270USD per tonne: $6631.2%Sea
Sweden1.5Tonnes: 2,260,502USD per tonne: $6671.2%Sea
Panama1.4Tonnes: 2,828,338USD per tonne: $4871.1%Sea
Nigeria1.2Tonnes: 2,379,467USD per tonne: $5090.99%Sea
Ireland1.2Tonnes: 1,813,611USD per tonne: $6340.94%Sea

Trend

Who it sells to

South Korea has been its main destination since 2024

Value in USD billions. The five largest destinations in 2024.

  • South Korea 14.2
  • Netherlands 13
  • Canada 10.9
  • United Kingdom 10.6
  • Germany 8.5

Source: CEPII BACI

Show the numbers
Partner19952024
South Korea014.2
Netherlands013
Canada0.0110.9
United Kingdom010.6
Germany08.5

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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