May 2024 Import Highlights

Monthly data on the origins of crude oil imports in May 2024 show that one country, Canada, exported more than one million barrels per day to the United States (see table below). The top five exporting countries accounted for 79% of United States crude oil imports in May while the top ten sources accounted for approximately 93% of all U.S. crude oil imports. The top five sources of U.S. crude oil imports for May were Canada (4.2 million b/d), Mexico (499,000 b/d), Saudi Arabia (360,000 b/d), Brazil (253,000 b/d), and Colombia (242,000 b/d). The remaining top ten sources, in order, were Venezuela (224,000 b/d), Iraq (219,000 b/d), Guyana (204,000 b/d), Ecuador (187,000 b/d), and Libya (132,000 b/d). Total crude oil imports averaged 7.1 million b/d in May, which was an increase of 477,000 b/d from imports during April 2024.

Canada remained the largest exporter of total petroleum to the United States in May; exporting 4.7 million b/d. The second largest exporter of total petroleum was Mexico with 661,000 b/d.