January 2024 Import Highlights

Monthly data on the origins of crude oil imports in January 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 83% of United States crude oil imports in January while the top ten sources accounted for approximately 94% of all U.S. crude oil imports. The top five sources of U.S. crude oil imports for January were Canada (4.2 million b/d), Mexico (522,000 b/d), Saudi Arabia (298,000 b/d), Colombia (242,000 b/d), and Brazil (236,000 b/d). The remaining top ten sources, in order, were Guyana (175,000 b/d), Nigeria (170,000 b/d), Venezuela (152,000 b/d), Iraq (150,000 b/d), and Ecuador ( 80,000 b/d). Total crude oil imports averaged 6.6 million b/d in January, which was an increase of 210,000 b/d from imports during December 2024.

Canada remained the largest exporter of total petroleum to the United States in January; exporting 4.8 million b/d. The second largest exporter of total petroleum was Mexico with 717,000 b/d.