Refined Products Export of the USA: A Comprehensive Trade Analysis

Refined products, such as gasoline, diesel, and jet fuel, are among the most traded commodities in the global market due to high global demand. The USA, based in North America and sharing borders with Canada, Mexico, and the Atlantic Ocean, has solidified itself as a key player in the refined product export market, driven by a rise in distillate exports of 182,000 barrels per day. USA Import Data says that the higher refinery utilization, along with the geopolitical disruptions, has benefited the overall export revenue generated by the refined product trade.

The infrastructure investments in pipelines, along with the stable regulatory environment and robust quality standards, have resulted in an export trade value of 15 billion US dollars. The closer proximity to neighboring markets and the responsiveness of the domestic authorities to global supply shocks are considered pivotal for an increase in the revenue rate. Subscribe to Import Globals an Import Export Trade provider for staying updated with the latest information regarding the refined product export of the USA via the USA Trade Data.

POLICY REFORMS SUPPORTING THE EXPORT OF REFINED PRODUCTS FROM THE USA IN 2024

The Strategic Petroleum Reserve Management has stabilized the oil market while assuring the domestic tradeholders of reliable support to build their relations with the top importers. The Blender Tax Credit and Renewable Fuel Standard have boosted the export-relevant refined fuel supply, while actively encouraging the international demand rate via efficient supply of competitive alternatives.

The Infrastructure Investment and Jobs Act has elevated the United States’ capacity to refine transport and distribute the refined products in a global manner, eventually increasing the competitiveness. The U.S. Department of Energy Support has enhanced export responsiveness while building trust within the regional trade.

THE LEADING VARIANTS OF REFINED PRODUCTS EXPORTED FROM THE USA IN 2024

The USA, with its thriving extraction techniques and technological evolution, has recorded diversification in the export of refined products. According to the USA Export Data, the top 10 leading variants of refined products exported from the nation in 2024 are,

  • Propane — The annual valuation of Propane exported from the USA in 2024–3.21 billion US dollars
  • Distillate Fuel Oil — The annual valuation of Distillate Fuel Oil exported from the USA in 2024–2.2 billion US dollars
  • Finished Motor Gasoline — The annual valuation of Finished Motor Gasoline exported from the USA in 2024–1.87 billion US dollars
  • Jet Fuel — The annual valuation of Jet Fuel exported from the USA in 2024–1.3 billion US dollars
  • Petroleum Coke — The annual valuation of Petroleum Coke exported from the USA in 2024–1 billion US dollars
  • Ethane — The annual valuation of Ethane exported from the USA in 2024–890 million US dollars
  • Butane — The annual valuation of Butane exported from the USA in 2024–760 million US dollars
  • Natural Gasoline — The annual valuation of Natural Gasoline exported from the USA in 2024–657 million US dollars
  • Kerosene — The annual valuation of Kerosene exported from the USA in 2024–543 million US dollars
  • Lubricating Oils — The annual valuation of Lubricating Oils exported from the USA in 2024–487 million US dollars

THE TOP 10 EXPORT TRADE PARTNERS OF THE USA IN 2024

The USA Department of Energy Support has increased stability in bilateral relations. As per the USA Customs Data, the top 10 export trade partners of the nation for refined products exported in 2024 are,

  • Canada — The total value of refined products exported from the USA to Canada in 2024–3.42 billion US dollars

Top 5 variants of refined products exported

· Propane

· Ethane

· Butane

· Natural Gasoline

· Finished Motor Gasoline

  • Mexico — The total value of refined products exported from the USA to Mexico in 2024–2.19 billion US dollars

Top 5 variants of refined products exported

· Petroleum Coke

· Asphalt

· Slack Wax

· Paraffin Wax

· Lubricating Oils

  • China — The total value of refined products exported from the USA to China in 2024–1.76 billion US dollars

Top 5 variants of refined products exported

· Sulfur (elemental)

· Hydrogen (by‑product)

· Refined Naphtha

· Gasoline Blending Components

· Diesel Blending Components

  • Netherlands — The total value of refined products exported from the USA to the Netherlands in 2024–1.54 billion US dollars

Top 5 variants of refined products exported

· Reformate

· Alkylate

· Light Hydrocarbon Streams

· Aromatic Extracts

· Fuel Additives

  • United Kingdom — The total value of refined products exported from the USA to the United Kingdom in 2024–1.28 billion US dollars

Top 5 variants of refined products exported

· Solvent-Grade Distillates

· Marine Diesel Oil

· Marine Fuel Oil (IFO)

· Marine Gas Oil

· Residual Fuel Oil

  • Japan — The total value of refined products exported from the USA to Japan in 2024–1.22 billion US dollars

Top 5 variants of refined products exported

· Catalytic Crackate

· Hydrocracker Distillate

· Coker Fuel Oil

· FCC Gasoline

· FCC Diesel

  • Germany — The total value of refined products exported from the USA to Germany in 2024–1 billion US dollars

Top 5 variants of refined products exported

· Carburized Gasoline

· Reformulated Gasoline (RFG)

· Oxygenated Gasoline (with alcohols)

· Renewable Diesel

· Biodiesel (in part)

  • South Korea — The total value of refined products exported from the USA to South Korea in 2024–800 million US dollars

Top 5 variants of refined products exported

· Mineral Oil

· Paraffinic Process Oil

· Naphthenic Process Oil

· Transformer Oil

· Quench Oil

  • Brazil — The total value of refined products exported from the USA to Brazil in 2024–700 million US dollars

Top 5 variants of refined products exported

· Anti-freeze Coolants (oil-diluted)…

· Fuel Emulsion Products

· Fuel Oils with Additives

· Solvent Oils

· Distillate Solvents

  • Singapore — The total value of refined products exported from the USA to Singapore in 2024–600 million US dollars

Top 5 variants of refined products exported

· Reformulated Diesel

· Marine ULSD

· Aviation ULSD

· Bunker ULSD

· Ethylene Feedstream

Comments

Post a Comment

Popular posts from this blog

Overview of the Optical Equipment Import of Vietnam in 2023

Image
The demand for optical equipments in Vietnam has been steadily rising over the years because of the on growing demands from the industrial sectors and other consumer base. The growing awareness about eye care and its vital treatment regarding different fatal diseases is recording a positive impact over the whole eye care import of the nation in 2023 recording an annual growth rate of 10% year from 2019 onwards. Stability in trade relationship with different leading trade destination estates and attractive pricing strategies facilitate the annual import market. The growing domestic acquisitions and the limited production capability of the healthcare industries regarding the production of optical equipment have made the country record an annual import value of 2.3 billion US dollars in 2023. Import Globals with its Vietnam Trade Data highlights the global trade insights of the country’s regional shipments for helping the business holders expand their business worldwide via optimization o...
Read more

Seafood Export of Uganda in 2023

Image
Seafood consumers right now are gradually increasing with time because of the different health benefits it provides to the in-taker. The different vitamins present like vitamin A, vitamin B, and vitamin D not only benefit the health but also aid the proper functioning of the immune system. The globally growing demands and the increasing production cavity of the industrial sectors are promoting the exporting rate of seafood contributing to a minimal share of the total annual export trade revenue. The use of different modern technologies for preserving seafood products and increasing its shelf life along with the greater workforce engaged in it for efficient production have led to a total export trade value of 500 million US dollars in 2023. Import Globals, Uganda Trade Data, highlights the key trade insights of the country’s global trade of seafood to help the business holders adapt to the strategies of business expansion worldwide.    TOP 10 SEAFOOD EXPORTS OF UGANDA IN 2023 A...
Read more

Import and Export Procedures in Vietnam 2023

Import Procedures in Vietnam: Import License: Some goods require an import license issued by the relevant authorities in Vietnam. Importers should check whether their products fall under this category. Customs Declaration: Importers must complete customs declarations accurately and submit them along with supporting documents to customs authorities. Vietnam Import Data Customs Clearance: Imported goods must undergo customs clearance procedures, which include inspection, assessment of duties and taxes, and compliance verification. Payment of Duties and Taxes: Importers are responsible for paying import duties, taxes, and other applicable fees based on the classification and value of the imported goods. Documentation: Required documents for importation typically include commercial invoices, packing lists, bill of lading or airway bills, import permits or licenses (if applicable), and certificates of origin. Export Procedures in Vietnam: Export Registration: Some products may require ex...
Read more