How Much Oil Does The Us Import From Saudi Arabia ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ‡ธ๐Ÿ‡ฆ

The US imports approximately one million barrels per day of oil from Saudi Arabia! This is a substantial portion of its daily oil imports which amount to close to ten millions barrels. The United States is the world’s largest oil importer ๏ธ ๐Ÿ‡ธ๐Ÿ‡ฆ ๐ŸŒ ๐Ÿ‡บ๐Ÿ‡ธ 1๏ธโƒฃ โ€ฆ

How Much Oil Does The Us Import From Saudi Arabia
How Much Oil Does The Us Import From Saudi Arabia

Saudi Arabia is the primary source of US oil imports, but most come from Canada, Mexico and Venezuela ๐Ÿ‡ฒ๐Ÿ‡ฝ ๐Ÿ‡ธ๐Ÿ‡ฆ ๐Ÿ‡ป๐Ÿ‡ช ๐Ÿ‡บ๐Ÿ‡ธ. Canada accounts for nearly 40% of total oil imports to the US; Mexico and Venezuela follow with 14% and 8% shares respectively ๐Ÿ‡ฒ๐Ÿ‡ฝ ๐Ÿ‡ป๐Ÿ‡ช ๐Ÿ‡จ๐Ÿ‡ฆ.

Oil imports from Saudi Arabia to the US have fluctuated over the years ๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ‡ธ๐Ÿ‡ฆ. In the early 2000s the US imported around 1 ๐Ÿ‡บ๐Ÿ‡ธ. 9 millions barrels of oil a day from Saudi Arabia ๏ธ ๐Ÿ‡ธ๐Ÿ‡ฆ. By 2007 US imports had dropped to around 1 ๐Ÿ‡บ๐Ÿ‡ธ. two millions barrels a day 2๏ธโƒฃ ๏ธ. Since then, imports from Saudi Arabia have generally been on the rise, reaching 1 ๐Ÿ‡ธ๐Ÿ‡ฆ ๐Ÿ”›. five million barrels of oil a day in 2017 ๏ธ 5๏ธโƒฃ.

How Much Oil Does The Us Import From Saudi Arabia from Pexels , user buffetcrush
How Much Oil Does The Us Import From Saudi Arabia from Pexels , user buffetcrush

Saudi Arabia’s oil exports are primarily sold to the US, who in 2017 imported 17 ๐Ÿ‡ธ๐Ÿ‡ฆ. 4% of all exported amounts . China followed with 14 ๐Ÿ‡จ๐Ÿ‡ณ. 4% imports while India completed the top three with an import of 9 ๐Ÿ” ๐Ÿ‡ฎ๐Ÿ‡ณ 3๏ธโƒฃ. 7% .

The US relies on imported oil to meet its energy needs. In 2017, the US imported a total of 7 ๏ธ ๐Ÿ‡บ๐Ÿ‡ธ. 48 billion barrels of oil . This accounts for nearly 60% of the USโ€™s total oil consumption . Imports from Saudi Arabia accounted for 6 ๐Ÿ‡ธ๐Ÿ‡ฆ. 3% of the total imports .

Though Saudi Arabia is the largest source of US oil imports the US also relies heavily on imported oil from Canada Mexico and Venezuela. The US imports nearly eight million barrels of oil a day from Canada, and over 1 million barrels a day from Mexico and Venezuela 8๏ธโƒฃ ๏ธ ๐Ÿ‡ฒ๐Ÿ‡ฝ ๐Ÿ‡ป๐Ÿ‡ช ๐Ÿ‡บ๐Ÿ‡ธ. This is in addition to the a million barrels a day imported from Saudi Arabia ๏ธ ๐Ÿ‡ธ๐Ÿ‡ฆ.

Despite being one of the biggest suppliers of oil to the US Saudi Arabia is not the only source of imported oil ๐Ÿ‡บ๐Ÿ‡ธ 1๏ธโƒฃ ๐Ÿ‡ธ๐Ÿ‡ฆ. The US imports oil from plethora of sources, consisting of Canada, Mexico, and Venezuela ๐Ÿ‡ป๐Ÿ‡ช ๐Ÿ‡บ๐Ÿ‡ธ. Together, these four countries account for over 4 millions barrels of oil a day, or approximately 40% of the USโ€™s total oil imports ๏ธ 4๏ธโƒฃ.

The USโ€™s reliance on imported oil has increased over the years ๐Ÿ”›. In the early 2000s, the US imported roughly 5 millions barrels of oil a day ๏ธ ๐Ÿ‡บ๐Ÿ‡ธ. By 2017 imports had increased to over ten million barrels a day ๏ธ. Saudi Arabiaโ€™s contribution to the USโ€™s oil imports has also increased, rising from 1 ๐Ÿ‡ธ๐Ÿ‡ฆ. 2 millions barrels of oil a day in 2007 to 1 ๏ธ. five million barrels a day in 2017 ๏ธ 5๏ธโƒฃ.

The USโ€™s reliance on imported oil is likely to continue in the future, and Saudi Arabia is likely to remain a major supplier of oil for the US ๏ธ ๐Ÿ‡ธ๐Ÿ‡ฆ ๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ”›. Imports from Saudi Arabia accounted for 6 ๐Ÿ‡ธ๐Ÿ‡ฆ. 3% of the USโ€™s total oil imports in 2017 and given its vast oil reserves Saudi Arabia is likely to remain an important source of imported oil for the US in the years to come ๐Ÿ‡ธ๐Ÿ‡ฆ ๐Ÿ‡บ๐Ÿ‡ธ. . .

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