How much crude oil does United States produce and export?
United States is the largest producer of crude oil: 21,065 thousand barrels daily in 2025, 21% of the world's 100,590 thousand barrels daily (Energy Institute). It is the 3rd largest exporter by value: $123.7 billion in 2024, 9.3% of world exports of crude oil (HS 2709) (CEPII BACI). Its biggest customer is the Netherlands, which takes 13% of its crude oil exports by value.
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United States's crude oil production
| World rank | Production (thousand barrels daily) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 1 | 21,065 thousand barrels daily | 21% | +5.1% a year | 2025 |
Energy Institute Statistical Review of World Energy, Statistical Review 2026.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2025 |
|---|---|---|---|---|
| 14% | 10% | 9.1% | 19% | 21% |
United States's crude oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 3 | $123.7 billion | 9.3% | 208.5 million t | $593 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 2709 (Petroleum oils, crude).
Where United States's crude oil goes
| Destination | Value | Share of United States's exports |
|---|---|---|
| Netherlands | $15.8B | 13% |
| South Korea | $14.2B | 11% |
| Canada | $10.7B | 8.7% |
| United Kingdom | $10.5B | 8.5% |
| Germany | $8.9B | 7.2% |
United States as a buyer of crude oil
United States imported $169.2 billion of crude oil (HS 2709) in 2024, 13% of world imports, ranked #2. Of its $169.2 billion of crude oil imports in 2024, 59% came from Canada and 7% from Mexico, among 41 suppliers. Largest sources: Canada (59%), Mexico (7.4%), Saudi Arabia (4.9%), Venezuela (3.5%), Iraq (3.4%).
The crude oil price United States sells into
The benchmark price, Brent (dated, 38° API), was $116.8/bbl in September 2026, up 72% over twelve months. Its five-year volatility is 34% a year, calmer in 68% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Crude oil price history.
Cite as: Commodity Origins, "United States crude oil: production, exports and prices", https://commodityorigins.com/countries/USA/crude-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.