The U.S. imported more than 11.9 million barrels of biodiesel in 2023. This represented an increase compared to the previous year and the second-highest value recorded within the period of consideration. Biodiesel is intended to be used in standard diesel engines as a standalone fuel or blended with petroleum.

In 2024, the United States imported 3,145 billion cubic feet of natural gas. U.S. imports of natural gas strongly increased from the 1990s to the early 2000s and peaked around the mid-2000s. As the U.S. has increased its domestic production of natural gas, the need for imports has steadily declined, despite an overall growing demand for the energy source. Natural gas exports exceed imports While imports of natural gas have fallen since 2005, U.S. natural gas exports have risen dramatically, especially from 2015 onward. Around this time, demand for natural gas increased in part because of greater means of exporting gas in the form of LNG. Fracking since the financial crisis The expansion of LNG export terminals and decrease in imports were driven in large part by changes in the natural gas industry following the 2008 recession. As a peak in the OPEC crude oil price made purchasing oil more and more expensive, domestic oil and natural gas production took off. The U.S. Henry Hub natural gas price dropped as investors seized on low interest rates to develop alternative extraction methods, mainly through hydraulic fracturing (or fracking). This method is used to access natural gas and oil in formations that were previously difficult to reach, as well as to extend production in older oil and gas fields.

United States Energy Consumption: Imports data was reported at 1,915.088 BTU tn in Mar 2019. This records an increase from the previous number of 1,694.828 BTU tn for Feb 2019. United States Energy Consumption: Imports data is updated monthly, averaging 1,898.708 BTU tn from Jan 1973 (Median) to Mar 2019, with 555 observations. The data reached an all-time high of 3,149.640 BTU tn in Aug 2006 and a record low of 710.558 BTU tn in Feb 1983. United States Energy Consumption: Imports data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB002: Energy Consumption.

U.S. crude oil stockpiles increased by 2.6 million barrels due to rising imports and falling exports, raising market access concerns with China.

The United States imported 38.92 terawatt-hours of electricity in 2023 from its neighboring countries Canada and Mexico. In the past decade, electricity imports in the U.S. peaked in 2015, at nearly 76 terawatt-hours. Meanwhile, electricity exports from the U.S. have fluctuated between six and 20 terawatt-hours per year. Where do U.S. power imports come from? Electricity imports from Canada amounted to more than 33 terawatt-hours in 2023, a decrease on previous years. However, U.S. electricity imports from Mexico have sharply increased in the past decade, from less than two terawatt-hours in 2010 to more than five terawatt-hours in 2023. Electricity demand in the U.S. In the past half a century, electricity consumption in the U.S. more than doubled, amounting to over four petawatt-hours in 2023. The U.S., home to the world's third-largest population, is also one of the largest electricity consumers worldwide, ranking only after China.

The US's economy relies almost exclusively on nonrenewable fossil energy sourses. In 1976, 93.2 percent of the nation's primary energy source was fossil fuel; the remaining 6.8 percent was supplied by electricity generated from hydroelectric and nuclear power. In order to meet the growing demand for fossil energy, petroleum imports have been increasing- in 1976, 44.5 percent of the petroleum consumed in the US was imported and 22.4 percent of all US energy consumed in the US was imported. The ability to reduce imports in the near term to an acceptable level with resoect to improving balance of payments and providing for national secutiry will depend on energy conservation and increased coal usage.

Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data was reported at 67.130 USD/Barrel in Apr 2018. This records an increase from the previous number of 64.510 USD/Barrel for Mar 2018. Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data is updated monthly, averaging 25.325 USD/Barrel from Oct 1973 (Median) to Apr 2018, with 516 observations. The data reached an all-time high of 126.380 USD/Barrel in May 2008 and a record low of 5.280 USD/Barrel in Oct 1973. Crude Oil Price: EIA: Landed Cost of Imports: Saudi Arabia data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s USA – Table US.P002: Energy Price.

Key information about United States Crude Oil: Imports

• United States Crude Oil: Imports was reported at 6,478.000 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 6,281.000 Barrel/Day th for Dec 2022
• US Crude Oil: Imports data is updated yearly, averaging 7,353.500 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 10,126.000 Barrel/Day th in 2005 and a record low of 3,201.000 Barrel/Day th in 1985
• US Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

Indonesia plans to boost its U.S. oil and gas imports by $10 billion, aiming to enhance trade relations and impact global energy markets.

Asian countries are boosting U.S. oil and gas imports to balance trade surpluses and tackle tariff negotiations, with significant moves from Indonesia, Pakistan, India, and Thailand.

Canada is the main source country for petroleum imported into the United States. In 2024, the United States imported around 4.7 million barrels of petroleum per day from its northern neighbor. Oil trading with Canada increased more quickly in the 2010s when strides made in unconventional oil extraction allowed for the large-scale mining of oil sands. By comparison, petroleum trading with Venezuela notably declined since the year 2000. In fact, the U.S. did not purchase any crude oil or oil products from Venezuela between 2020 and 2022. However, in 2024 Venezuelan petroleum imports reached some 232 thousand barrels per day. Crude oil reserves As of 2023, global crude oil reserves were estimated to be around 1.6 trillion barrels. This is the amount of oil that can be extracted in the future under current economic and operating conditions. Most of the proved oil reserves in the world are found in the Middle East, although the share of proved reserves in Central and South America has increased the most since the 1990s. Uses of petroleum Petroleum is a versatile raw material that can be refined into transportation fuels or used as a feedstock within the petrochemical industry. Gasoline is the most commonly produced petroleum product. U.S. refinery production of conventional motor gasoline reached 1.4 million barrels per day in 2021. Most refineries in the U.S. are located on the Gulf Coast close to productive oil basins such as the Permian and ports for shipping.

United States Energy Consumption: EP: Electricity Net Imports data was reported at 18.942 BTU tn in Jul 2018. This records an increase from the previous number of 14.598 BTU tn for Jun 2018. United States Energy Consumption: EP: Electricity Net Imports data is updated monthly, averaging 8.608 BTU tn from Jan 1973 (Median) to Jul 2018, with 547 observations. The data reached an all-time high of 24.223 BTU tn in Jul 2016 and a record low of -4.774 BTU tn in Oct 2003. United States Energy Consumption: EP: Electricity Net Imports data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB002: Energy Consumption.

During the past decade, the U.S. has experienced a surplus gas supply. Future prospects are brightening because of increased estimates of the potential size of undiscovered gas reserves. At the same time, U.S. oil reserves and production have steadily declined, while oil imports have steadily increased. Reducing volume growth of crude oil imports was a key objective of the Energy Policy Act of 1992. Natural gas could be an important alternative energy source to liquid products derived from crude oil to help meet market demand. The purpose of this study was to (1) analyze three energy markets to determine whether greater use could be made of natural gas or its derivatives and (2) determine whether those products could be provided on an economically competitive basis. The following three markets were targeted for possible increases in gas use: transportation fuels, power generation, and chemical feedstock. Gas-derived products that could potentially compete in these three markets were identified, and the economics of the processes for producing those products were evaluated. The processes considered covered the range from commercial to those in early stages of process development. The analysis also evaluated the use of both high-quality natural gas and lower-quality gases containing CO{sub 2} and N{sub 2} levels above normal pipeline quality standards.

United States Natural Gas Imports: LNG: From Canada: To Sweetgrass, Montana data was reported at 2.000 Cub ft mn in 2023. This records an increase from the previous number of 0.000 Cub ft mn for 2022. United States Natural Gas Imports: LNG: From Canada: To Sweetgrass, Montana data is updated yearly, averaging 0.500 Cub ft mn from Dec 2020 (Median) to 2023, with 4 observations. The data reached an all-time high of 2.000 Cub ft mn in 2023 and a record low of 0.000 Cub ft mn in 2022. United States Natural Gas Imports: LNG: From Canada: To Sweetgrass, Montana data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB032: Natural Gas Imports: Liquefied Natural Gas: by Point of Entry: Annual.

Following U.S. President Trump's announcement of widespread tariffs against Canada, China, and Mexico, it is forecast that costs for U.S. onshore wind projects could increase by five percent. If, as suggested, an overall 25 percent import tariff would be enforced, costs could increase by as much as seven percent. Canada, China, and Mexico account for a combined 41 percent share of wind-related equipment imports.

United States Natural Gas Imports: LNG: To Jackman, Maine data was reported at 37.000 Cub ft mn in Jan 2025. This records an increase from the previous number of 31.000 Cub ft mn for Dec 2024. United States Natural Gas Imports: LNG: To Jackman, Maine data is updated monthly, averaging 29.500 Cub ft mn from Dec 2018 (Median) to Jan 2025, with 38 observations. The data reached an all-time high of 136.000 Cub ft mn in Dec 2022 and a record low of 0.000 Cub ft mn in Dec 2021. United States Natural Gas Imports: LNG: To Jackman, Maine data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB031: Natural Gas Imports: Liquefied Natural Gas: by Point of Entry.

United States Natural Gas Imports: LNG: From Yemen: To Everett, Massachusetts data was reported at 2,834.000 Cub ft mn in Mar 2015. This records an increase from the previous number of 2,373.000 Cub ft mn for Feb 2015. United States Natural Gas Imports: LNG: From Yemen: To Everett, Massachusetts data is updated monthly, averaging 2,806.000 Cub ft mn from Jan 2011 (Median) to Mar 2015, with 25 observations. The data reached an all-time high of 5,622.000 Cub ft mn in Sep 2011 and a record low of 2,234.000 Cub ft mn in Jan 2015. United States Natural Gas Imports: LNG: From Yemen: To Everett, Massachusetts data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.RB031: Natural Gas Imports: Liquefied Natural Gas: by Point of Entry.

The United States imported approximately 1.3 million barrels of petroleum from OPEC countries in 2024. This represents an increase of roughly 42 percent in comparison to 2020, when the reduced demand of petroleum due to the coronavirus pandemic resulted in that year's oil crisis. As the United States has stepped up its domestic oil production in the past decade, its import dependence has notably declined.

The average monthly price for natural gas in the United States amounted to **** nominal U.S. dollars per million British thermal units (Btu) in May 2025. By contrast, natural gas prices in Europe were about three times higher than those in the U.S. Prices in Europe tend to be notably higher than those in the U.S. as the latter benefits from being a major hydrocarbon producer. Europe's import reliance European prices for natural gas rose most notable throughout the second half of 2021 and much of 2022, peaking at over ** U.S. dollars per million Btu in August 2022. The sharp rise was due to supply chain issues and economic strain following the COVID-19 pandemic, which was further exacerbated by Russia’s invasion of Ukraine in early 2022. As a result of the war, many countries began looking for alternative sources, and Russian pipeline gas imports to the European Union declined as a result. Meanwhile, LNG was a great beneficiary, with LNG demand in Europe rising by more than ** percent between 2021 and 2023. How domestic natural gas production shapes prices As intimated, the United States’ position among the leaders of worldwide natural gas production is one of the main reasons for why prices for this commodity are so low across the country. In 2023, the U.S. produced more than ************ cubic meters of natural gas, which allays domestic demand and allows for far lower purchasing prices.

This statistic depicts the volume of crude oil imported into China in 2014, by source country. That year, some nine percent of China's oil imports came from Iran.

China's crude oil imports

China’s emergence as one of the world’s major powerhouses has fueled the country’s thirst for energy and turned it into one of the world’s largest crude oil net importers. The large increase in China’s oil imports has been heavily driven by economic growth and consumption rates that are rising above production rates. Its role as a top net oil importer is expected to be sustained in the near future. China is one of the largest petroleum consumers in the world, behind the United States. China has surpassed the United States as the world's largest net importer of petroleum. Lower production rates from countries like Libya and Sudan encouraged China to replace these imports with crude oil from countries like Oman, Russia, and Venezuela. China, itself, extracted 16.58 million tons of crude oil in March 2017.

As of 2015, China produced 4.31 million barrels of oil a day domestically, while consuming approximately 11.97 million barrels daily. Approximately 2.5 billion metric tons of oil reserves in the country were known and economically viable as of 2015.

As an alternative to fossil fuels, China is heavily investing in renewable energy sources, and became the largest renewable energy investment market in the past years, when the largest funding volumes were devoted to projects within the wind and solar energy industries.