U.S. Crude Oil Trade Balance (Nov 2024, LTM): 4.17 Mb/D Exports, 6.58 Mb/D Imports, 2.40 Mb/D Deficit

In the 12 months ending November 2024, U.S. crude oil exports averaged 4.17 million barrels per day (Mb/D), while imports reached 6.58 Mb/D, resulting in a trade deficit of 2.40 Mb/D. By contrast, from 2004 to 2007, U.S. crude oil exports were near zero, and imports stood at approximately 10.1 Mb/D.