The US is one of the world’s leading importers of oil. In 2023, the US imported over 12 million barrels of oil per day, representing nearly one-third of the total oil consumed in the US.
Where is all this oil coming from? It comes from many countries, but some are more important than others. In this article, we’ll take a look at the major countries providing oil imports to the US in 2023 and their respective percentages.
Canada
Canada is the top oil supplier to the US, providing over 4.5 million barrels of oil per day in 2023. This accounts for nearly 37% of total US oil imports. Canada is a major energy exporter, with the majority of its exports going to the US.
Canada has historically been a reliable supplier of oil to the US, and this is likely to continue in the future. The US and Canada have a strong economic relationship, and Canada’s oil exports to the US are likely to remain significant.
Saudi Arabia
Saudi Arabia is the second-largest supplier of oil to the US, providing over 2.5 million barrels of oil per day in 2023. This accounts for nearly 21% of total US oil imports. Saudi Arabia is a major player in the global oil market and is a key supplier of oil to the US.
Saudi Arabia is a major exporter of oil and is heavily reliant on oil exports for its economic prosperity. The US and Saudi Arabia have an important economic relationship, and Saudi oil exports to the US are likely to remain significant.
Mexico
Mexico is the third-largest supplier of oil to the US, providing over 1.7 million barrels of oil per day in 2023. This accounts for nearly 14% of total US oil imports. Mexico is a major energy exporter, with the majority of its exports going to the US.
Mexico is a reliable partner of the US, and its oil exports to the US are likely to remain significant. The US and Mexico have a strong economic relationship, and Mexican oil exports to the US are likely to remain important.
Venezuela
Venezuela is the fourth-largest supplier of oil to the US, providing over 1.2 million barrels of oil per day in 2023. This accounts for nearly 10% of total US oil imports. Venezuela is a major energy exporter, with the majority of its exports going to the US.
Venezuela has historically been a reliable supplier of oil to the US, and this is likely to continue in the future. The US and Venezuela have a strong economic relationship, and Venezuelan oil exports to the US are likely to remain significant.
Other Countries
Other countries that are major suppliers of oil to the US in 2023 include Iraq, Colombia, Brazil, and Norway. These countries combined account for nearly 28% of total US oil imports.
Oil imports to the US are an important part of the US economy, and the US relies heavily on imported oil to meet its energy needs. The countries mentioned above are the major suppliers of oil to the US, and they account for the majority of US oil imports.
Conclusion
In 2023, the US imported over 12 million barrels of oil per day. The major countries providing oil imports to the US are Canada, Saudi Arabia, Mexico, and Venezuela. These countries combined account for nearly 86% of total US oil imports.
The US has a strong economic relationship with many of these countries and relies heavily on imported oil to meet its energy needs. This is likely to remain the case in the future, and the US will continue to rely on oil imports from these major suppliers.
