The U.S. imported approximately 10.6 million barrels per day of petroleum in 2012 from about 80 countries. We exported 3.2 MMbd of crude oil and petroleum products, resulting in net imports (imports minus exports) equaling 7.4 MMbd. Net imports accounted for 40% of the petroleum consumed in the United States, the lowest annual average since 1991.
Forecast production increases from an estimated 7.5 million bbl/d in 2013 to 8.5 million bbl/d in 2014 and 9.3 million bbl/d in 2015. The highest historical annual average U.S. production level was 9.6 million bbl/d in 1970.
"Petroleum" includes crude oil and refined petroleum products like gasoline, and biofuels like ethanol and biodiesel. In 2012, about 80% of gross petroleum imports were crude oil, and about 57% of all crude oil that was processed in U.S. refineries was imported.
The top five source countries of U.S. petroleum imports in 2012 were Canada, Mexico, Saudi Arabia, Venezuela, and Russia. Their respective rankings vary based on gross petroleum imports or net petroleum imports (gross imports minus exports). Net imports from OPEC countries accounted for 55% of U.S. net imports.
|2012: Top sources of imported petroleum to the United
States million barrels per day and percent share of gross and net
|Import sources||Gross imports||Exports to import source||Net imports|
Total, all countries
|OPEC countries||4.256 (40%)||177||4.078 (55%)|
|Persian Gulf countries||2.151 (20%)||0.088||2.144 (29%)|
Top five countries2
|2.955 (28%)||0.403||2.551 (34%)|
|Saudi Arabia||1.359 (13%)||0.001||1.358 (18%)|
|Mexico||1.031 (10%)||0.526||0.469 (6%)|
|Venezuela||0.952 (9%)||0.085||0.867 (12%)|
|Russia||0.477 (5%)||0||0.477 (10%)|