Company Level Imports - U.S. Energy Information Administration (EIA) (2024)

I'm quite familiar with petroleum import trends and data analysis. The information you provided reflects a comprehensive view of crude oil imports into the United States, highlighting the significant exporters, their volumes, and the fluctuations over time. Now, let's break down the concepts within the article.

1. Crude Oil Imports: This refers to the amount of crude oil brought into the United States from various countries within a specified time frame, in this case, September 2023.

2. Top Exporting Countries: The article lists the top countries exporting crude oil to the United States during September 2023. Canada led the exports with 3.7 million barrels per day (b/d), followed by Mexico, Saudi Arabia, Brazil, and Iraq. These five countries accounted for 81% of the total U.S. crude oil imports.

3. Percentage Share of Top Exporters: Understanding the percentage contribution of these top exporting countries is essential. The top five sources accounted for 81% of imports, while the top ten sources covered about 91% of all U.S. crude oil imports for September.

4. Total Import Volume and Fluctuations: In September 2023, the total crude oil imports averaged 6.6 million b/d, showcasing a decrease of 379,000 b/d compared to August 2023. This fluctuation in import volumes is a crucial aspect of understanding market dynamics.

5. Total Petroleum Exporters and Volumes: The article also covers total petroleum exports, where Canada remained the largest exporter, followed by Mexico. The data provided showcases not only crude oil but also the overall petroleum products imported by the U.S.

6. Year-to-Date Comparison: The article also includes year-to-date (YTD) comparisons, which indicate how much crude oil and petroleum products have been imported over the entire year compared to the same period in the previous year (YTD 2022).

7. Top 15 Exporters and Import Volumes: A breakdown of the top 15 countries exporting crude oil and petroleum products to the United States, showcasing their import volumes in September 2023, August 2023, and the year-to-date figures for 2023.

8. Exclusion of Territories: The data provided excludes oil imports into U.S. territories, focusing solely on imports into the contiguous United States.

This information helps analysts, policymakers, and industry experts understand the dependency on specific countries for crude oil and petroleum products, track trends, and predict potential market shifts based on import volumes and fluctuations.